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Laurel town, IN

ZIP 47024 — Housing & Real Estate

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

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 47024

Median Home Value
$114,300
Median Rent
$564
Affordability Snapshot
$31,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$734/mo PITI).

12%
Rent-to-Income Ratio

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

2.0x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

16.9 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 47024 in Laurel town, IN, a household would need roughly $31,000 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 $734. That sits below the local median household income ($55,956), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
78.3%+20% vs US avg
x
Vacancy Rate
9.1%-11% vs US avg
x
Broadband Access
77.3%-11% vs US avg
x
4+ Bedrooms
2.1%-86% vs US avg
x
Built Pre-1939
2.0%-85% vs US avg
x
Built Post-2014
0.8%-88% vs US avg
x
Rent Burden >30%
28.6%-43% vs US avg
x
Mortgage-Free
47.9%+25% vs US avg
x
$114,300
Home Value
$564
Rent
1984
Year Built
2008
Moved In

Residents have lived here since ~2008 on average

Housing Structure

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

  • 1-unit detached77.6%
  • 1-unit attached0.2%
  • 2-9 units0.8%
  • 10+ units1.1%
  • Mobile home & other20.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$114,300
Median rent$564
Owner-occupied78.3%
Vacant9.1%
Price-to-income2.0x
Est. income to buy$31,000