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New Pekin town, IN

ZIP 47165 — 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 47165

Median Home Value
$161,800
Median Rent
$627
Affordability Snapshot
$45,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,039/mo PITI).

10%
Rent-to-Income Ratio

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

2.1x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

21.5 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 47165 in New Pekin town, IN, a household would need roughly $45,000 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 $1,039. That sits below the local median household income ($76,071), 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 11% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
87.5%+34% vs US avg
x
Vacancy Rate
10.8%+5% vs US avg
x
Broadband Access
78.9%-9% vs US avg
x
4+ Bedrooms
5.8%-61% vs US avg
x
Built Pre-1939
3.7%-71% vs US avg
x
Built Post-2014
3.7%-47% vs US avg
x
Rent Burden >30%
10.4%-79% vs US avg
x
Mortgage-Free
28.7%-25% vs US avg
x
$161,800
Home Value
$627
Rent
1990
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

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

  • 1-unit detached74.8%
  • 1-unit attached0.0%
  • 2-9 units5.1%
  • 10+ units1.8%
  • Mobile home & other18.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$161,800
Median rent$627
Owner-occupied87.5%
Vacant10.8%
Price-to-income2.1x
Est. income to buy$45,000