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ZIP Code 47405

Learn about the people, housing, costs and businesses in 47405

Median Rent$825/month
Population4,886
Leading IndustriesPublic Administration · Professional Services35% public administration
Home Value Growth+10.4% over 2 years
Young Adults99% of residentstop 1% nationally
NotableHighly Educated35% bachelor's · 58% graduate · top 5% nationally
ZIP Code
47405

Frequently Asked Questions

What are today's mortgage rates in ZIP code 47405?

As of today, the 30-year fixed mortgage rate for ZIP code 47405 is approximately 7.059% (7.101% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for ZIP code 47405
Are home values rising in ZIP code 47405?

Home values in ZIP code 47405 have increased 10.4% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in ZIP code 47405?

Based on a typical all-in ownership cost of $825/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $35k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in ZIP code 47405 is $25k/year.

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What industries drive the economy in ZIP code 47405?

The largest employment sectors in ZIP code 47405 are public administration (35%) and information and media (2%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

Nearby Areas

Other ZIP codes in BLOOMINGTON