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English town, IN

ZIP 47118 — 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 47118

Median Home Value
$117,600
Median Rent
$336
Affordability Snapshot
$32,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$755/mo PITI).

10%
Rent-to-Income Ratio

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

2.8x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

29.2 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 47118 in English town, IN, a household would need roughly $32,000 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 $755. That sits below the local median household income ($42,206), 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

Vacancy rate 18% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
85.1%+30% vs US avg
x
Vacancy Rate
18.0%+75% vs US avg
x
Broadband Access
76.7%-12% vs US avg
x
4+ Bedrooms
2.9%-80% vs US avg
x
Built Pre-1939
1.5%-88% vs US avg
x
Built Post-2014
0.4%-94% vs US avg
x
Rent Burden >30%
7.1%-86% vs US avg
x
Mortgage-Free
57.1%+50% vs US avg
x
$117,600
Home Value
$336
Rent
1989
Year Built
2010
Moved In

Residents have lived here since ~2010 on average

Housing Structure

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

  • 1-unit detached69.3%
  • 1-unit attached2.3%
  • 2-9 units1.8%
  • 10+ units0.9%
  • Mobile home & other25.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$117,600
Median rent$336
Owner-occupied85.1%
Vacant18.0%
Price-to-income2.8x
Est. income to buy$32,000