The 47431 zip code is a zip code in Indiana with a median income of $38,793 per household. Besides being much less affluent than average, its population is younger than others with a median age of 41 years. The 47431 zip code market is almost exclusively made up of detached homes, currently accounting for 100% overall.
The median value of homes in the 47431 zip code is $111,200, making it one of the most valuable areas in Indiana. At the same time, the average list price of available homes is presently $163,067.
The typical dwelling in the 47431 zip code is a three-bedroom detached home worth about $118,575. To purchase a similar home, a buyer with good credit and a $23,715 cash down payment could obtain a mortgage with a 3.95% interest rate and a $627 monthly payment. The property tax rate is $8.20 per $1,000 of taxable assessed value.
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