Latest available · Census ACS 5-Year (2024)
What Is the Median Home Value in ZCTA5 47118, Indiana?
ZIP code · Census ACS 5-Year estimates
The median home value in ZCTA5 47118, Indiana (ZIP 47118) is $119,000 (±$13,218), based on Census ACS 5-Year estimates (2024). The median gross rent is $542/month, and the median household income is $41,579/year. Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.
Housing Metrics for ZIP 47118
| Metric | Value |
|---|---|
| Median Home Value | $119,000 |
| Median Gross Rent | $542 |
| Median Household Income | $41,579 |
| Total Housing Units | 1,518 |
| Renter-Occupied Units | 261 |
| Renter-Occupied Share | 17% |
How does ZIP 47118 compare?
Median home value ranked against all ZIP codes in Indiana.
Higher home value than 14% of ZIP codes in Indiana · 626th of 730
| # | ZIP code | Value |
|---|---|---|
| 1 | ZCTA5 46301 | $606,900 |
| 2 | ZCTA5 46077 | $580,600 |
| 3 | ZCTA5 46290 | $570,700 |
| … 622 more … | ||
| 626 | ZCTA5 47118(you are here) | $119,000 |
| … 101 more … | ||
| 728 | ZCTA5 46407 | $60,200 |
| 729 | ZCTA5 47382 | $60,000 |
| 730 | ZCTA5 47860 | $47,900 |
More data for ZIP 47118
Frequently asked questions
What is the median home value in ZCTA5 47118, Indiana?
The median home value in ZCTA5 47118, Indiana (ZIP 47118) is $119,000, based on Census ACS 5-Year estimates (2024). This is the self-reported estimated value homeowners believe their property would sell for. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the average rent in ZCTA5 47118, Indiana?
The median gross rent in ZCTA5 47118, Indiana (ZIP 47118) is $542/month, based on Census ACS 5-Year estimates (2024).
What is the median household income in ZCTA5 47118, Indiana?
The median household income in ZCTA5 47118, Indiana is $41,579/year according to Census ACS 5-Year estimates (2024).
How reliable is Census ACS data for small areas?
The ACS 5-Year estimates combine 60 months of data for more reliable figures in smaller geographies. Each estimate has a margin of error (MOE). For example, the median home value of $119,000 has a margin of error of ±$13,218. In very small areas, MOEs can be large relative to the estimate.
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