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Emison CDP, IN

ZIP 47516 — 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 47516

Median Home Value
$188,500
Median Rent
$325
Affordability Snapshot
$52,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,211/mo PITI).

5%
Rent-to-Income Ratio

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

2.3x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

48.3 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 47516 in Emison CDP, IN, a household would need roughly $52,000 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 $1,211. That sits below the local median household income ($82,083), 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
85.6%+31% vs US avg
x
Vacancy Rate
3.4%-67% vs US avg
x
Broadband Access
87.3%+0% vs US avg
x
4+ Bedrooms
3.4%-77% vs US avg
x
Built Pre-1939
3.9%-69% vs US avg
x
Built Post-2014
0.5%-93% vs US avg
x
Rent Burden >30%
29.8%-40% vs US avg
x
Mortgage-Free
30.5%-20% vs US avg
x
$188,500
Home Value
$325
Rent
1965
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 detached87.5%
  • 1-unit attached0.0%
  • 2-9 units3.2%
  • 10+ units0.2%
  • Mobile home & other9.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$188,500
Median rent$325
Owner-occupied85.6%
Vacant3.4%
Price-to-income2.3x
Est. income to buy$52,000