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Ferdinand town, IN

ZIP 47532 — 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 47532

Median Home Value
$196,900
Median Rent
$615
Affordability Snapshot
$54,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,265/mo PITI).

9%
Rent-to-Income Ratio

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

2.4x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

26.7 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 47532 in Ferdinand town, IN, a household would need roughly $54,000 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 $1,265. That sits below the local median household income ($83,443), 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
83.9%+28% vs US avg
x
Vacancy Rate
4.6%-55% vs US avg
x
Broadband Access
90.8%+4% vs US avg
x
4+ Bedrooms
4.6%-69% vs US avg
x
Built Pre-1939
4.8%-63% vs US avg
x
Built Post-2014
1.1%-84% vs US avg
x
Rent Burden >30%
5.7%-89% vs US avg
x
Mortgage-Free
44.6%+17% vs US avg
x
$196,900
Home Value
$615
Rent
1978
Year Built
2002
Moved In

Residents have lived here since ~2002 on average

Housing Structure

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

  • 1-unit detached84.3%
  • 1-unit attached0.0%
  • 2-9 units8.5%
  • 10+ units2.2%
  • Mobile home & other4.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$196,900
Median rent$615
Owner-occupied83.9%
Vacant4.6%
Price-to-income2.4x
Est. income to buy$54,000