October's First-Time Homebuyer Report for 47201 Zip Code

47201 is a larger than average zip code in Indiana that has seen a 6.6% increase in population over the last 10 years. It also has a total population of 41,087. The 47201 zip code is made up of homes that are considered older than most with a median of 42 years. Heading the list of top schools in the zip code is Parkside Elementary School.

Price Range

Some of the more expensive homes in Indiana are in the 47201 zip code with a median home value of $119,100 and an average list price for available homes currently at $188,721. Home sales in the 47201 zip code market dipped below its average sales volume for the prior 12-month period. In this week's report, they fell 13.6% to 51 homes sold over the last 30 days.

Wonder which homes are generating the most buzz? Here are the most viewed listings in the 47201 zip code:

$629K   $539K   $485K  

Typical Dwelling

A three-bedroom detached home valued around $173,689 is considered a typical dwelling in the 47201 zip code. If a buyer was looking for a similar home, they would need good credit and a $34,738 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $966 and the property tax rate is $8.90 per $1,000 of taxable assessed value.

Get started right now by checking out 47201 homes for sale or reviewing 47201 real estate trends.


Data reported through 10/13/2016

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