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ZIP 47402 — Housing & Real Estate

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

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Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 47402

Median Home Value
$271,000
Median Rent
$1,112
Affordability Snapshot
$75,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,741/mo PITI).

32%
Rent-to-Income Ratio

Above the 30% affordability threshold — housing cost-burdened area.

6.5x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

20.3 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 47402, a household would need roughly $75,000 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 $1,741. That is about 81% above the local median household income ($41,424), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 12% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
34.3%-48% vs US avg
x
Vacancy Rate
12.3%+20% vs US avg
x
Broadband Access
94.0%+8% vs US avg
x
4+ Bedrooms
8.6%-42% vs US avg
x
Built Pre-1939
4.2%-67% vs US avg
x
Built Post-2014
0.4%-94% vs US avg
x
Rent Burden >30%
43.9%-12% vs US avg
x
Mortgage-Free
42.6%+12% vs US avg
x
$271,000
Home Value
$1,112
Rent
1958
Year Built
2019
Moved In

Residents have lived here since ~2019 on average

Housing Structure

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

  • 1-unit detached58.4%
  • 1-unit attached0.6%
  • 2-9 units17.0%
  • 10+ units23.9%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$271,000
Median rent$1,112
Owner-occupied34.3%
Vacant12.3%
Price-to-income6.5x
Est. income to buy$75,000