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Memphis CDP, IN

ZIP 47143 — Housing & Real Estate

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

Upper Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 47143

Median Home Value
$247,500
Median Rent
$954
Affordability Snapshot
$68,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,590/mo PITI).

9%
Rent-to-Income Ratio

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

1.9x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

21.6 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 47143 in Memphis CDP, IN, 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 $1,590. That sits below the local median household income ($133,147), 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
91.5%+40% vs US avg
x
Vacancy Rate
0.0%
x
Broadband Access
94.5%+9% vs US avg
x
4+ Bedrooms
4.9%-67% vs US avg
x
Built Pre-1939
0.0%
x
Built Post-2014
3.1%-54% vs US avg
x
Rent Burden >30%
0.0%
x
Mortgage-Free
33.0%-14% vs US avg
x
$247,500
Home Value
$954
Rent
1998
Year Built
2009
Moved In

Residents have lived here since ~2009 on average

Housing Structure

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

  • 1-unit detached98.6%
  • 1-unit attached0.0%
  • 2-9 units0.0%
  • 10+ units0.0%
  • Mobile home & other1.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$247,500
Median rent$954
Owner-occupied91.5%
Vacant0.0%
Price-to-income1.9x
Est. income to buy$68,000