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Spiceland town, IN

ZIP 47385 — 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 47385

Median Home Value
$140,200
Median Rent
$612
Affordability Snapshot
$39,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$901/mo PITI).

7%
Rent-to-Income Ratio

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

1.4x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

19.1 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 47385 in Spiceland town, IN, a household would need roughly $39,000 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 $901. That sits below the local median household income ($100,479), 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
74.6%+14% vs US avg
x
Vacancy Rate
8.4%-18% vs US avg
x
Broadband Access
87.8%+1% vs US avg
x
4+ Bedrooms
6.1%-59% vs US avg
x
Built Pre-1939
13.0%+1% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
8.0%-84% vs US avg
x
Mortgage-Free
30.3%-21% vs US avg
x
$140,200
Home Value
$612
Rent
1944
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 detached94.7%
  • 1-unit attached0.4%
  • 2-9 units3.6%
  • 10+ units1.3%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$140,200
Median rent$612
Owner-occupied74.6%
Vacant8.4%
Price-to-income1.4x
Est. income to buy$39,000