US5.com
  1. Home
  2. States
  3. Indiana
  4. ZIP 47562
  5. Housing & Real Estate
Odon town, IN

ZIP 47562 — 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 47562

Median Home Value
$195,600
Median Rent
$527
Affordability Snapshot
$54,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,256/mo PITI).

9%
Rent-to-Income Ratio

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

2.8x
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 47562 in Odon 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 $1,256. That sits below the local median household income ($70,896), 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
80.4%+23% vs US avg
x
Vacancy Rate
8.8%-14% vs US avg
x
Broadband Access
76.8%-12% vs US avg
x
4+ Bedrooms
8.6%-42% vs US avg
x
Built Pre-1939
4.7%-63% vs US avg
x
Built Post-2014
2.0%-70% vs US avg
x
Rent Burden >30%
23.3%-53% vs US avg
x
Mortgage-Free
57.8%+51% vs US avg
x
$195,600
Home Value
$527
Rent
1982
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 detached80.1%
  • 1-unit attached0.1%
  • 2-9 units3.7%
  • 10+ units10.7%
  • Mobile home & other5.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$195,600
Median rent$527
Owner-occupied80.4%
Vacant8.8%
Price-to-income2.8x
Est. income to buy$54,000