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ZIP 41502 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Low Income Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 41502

Median Home Value
$248,228
Median Rent
$725
Affordability Snapshot
$68,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,595/mo PITI).

28%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

8.1x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

28.5 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 41502, a household would need roughly $68,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,595. That is about 121% above the local median household income ($30,751), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 13% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
23.3%-64% vs US avg
x
Vacancy Rate
13.1%+27% vs US avg
x
Broadband Access
87.3%+0% vs US avg
x
4+ Bedrooms
1.1%-92% vs US avg
x
Built Pre-1939
13.3%+4% vs US avg
x
Built Post-2014
4.8%-30% vs US avg
x
Rent Burden >30%
35.3%-29% vs US avg
x
Mortgage-Free
56.7%+48% vs US avg
x
$248,228
Home Value
$725
Rent
1972
Year Built
N/A
Moved In
Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached47.0%
  • 1-unit attached0.0%
  • 2-9 units39.5%
  • 10+ units13.4%
  • Mobile home & other0.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$248,228
Median rent$725
Owner-occupied23.3%
Vacant13.1%
Price-to-income8.1x
Est. income to buy$68,000