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Rising Sun city, IN

ZIP 47040 — Housing & Real Estate

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

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 47040

Median Home Value
$180,500
Median Rent
$651
Affordability Snapshot
$50,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,159/mo PITI).

11%
Rent-to-Income Ratio

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

2.6x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

23.1 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 47040 in Rising Sun city, IN, a household would need roughly $50,000 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 $1,159. That sits below the local median household income ($68,865), 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

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
76.4%+17% vs US avg
x
Vacancy Rate
4.0%-61% vs US avg
x
Broadband Access
83.0%-5% vs US avg
x
4+ Bedrooms
5.8%-61% vs US avg
x
Built Pre-1939
3.5%-72% vs US avg
x
Built Post-2014
1.0%-86% vs US avg
x
Rent Burden >30%
14.0%-72% vs US avg
x
Mortgage-Free
41.8%+9% vs US avg
x
$180,500
Home Value
$651
Rent
1976
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

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

  • 1-unit detached74.0%
  • 1-unit attached3.4%
  • 2-9 units6.3%
  • 10+ units4.1%
  • Mobile home & other12.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$180,500
Median rent$651
Owner-occupied76.4%
Vacant4.0%
Price-to-income2.6x
Est. income to buy$50,000