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Montgomery town, IN

ZIP 47558 — 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 47558

Median Home Value
$255,500
Median Rent
$688
Affordability Snapshot
$70,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,641/mo PITI).

9%
Rent-to-Income Ratio

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

2.9x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

30.9 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 47558 in Montgomery town, IN, a household would need roughly $70,000 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 $1,641. That sits below the local median household income ($88,154), 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
86.7%+33% vs US avg
x
Vacancy Rate
11.3%+10% vs US avg
x
Broadband Access
64.4%-26% vs US avg
x
4+ Bedrooms
8.1%-45% vs US avg
x
Built Pre-1939
1.1%-91% vs US avg
x
Built Post-2014
0.1%-99% vs US avg
x
Rent Burden >30%
1.7%-97% vs US avg
x
Mortgage-Free
53.0%+39% vs US avg
x
$255,500
Home Value
$688
Rent
1992
Year Built
2009
Moved In

Residents have lived here since ~2009 on average

Housing Structure

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

  • 1-unit detached95.4%
  • 1-unit attached1.6%
  • 2-9 units0.9%
  • 10+ units0.0%
  • Mobile home & other2.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$255,500
Median rent$688
Owner-occupied86.7%
Vacant11.3%
Price-to-income2.9x
Est. income to buy$70,000