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Wheatland town, IN

ZIP 47597 — 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 47597

Median Home Value
$140,000
Median Rent
$508
Affordability Snapshot
$39,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$899/mo PITI).

9%
Rent-to-Income Ratio

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

2.0x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

23.0 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 47597 in Wheatland town, IN, a household would need roughly $39,000 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 $899. That sits below the local median household income ($68,409), 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
87.8%+34% vs US avg
x
Vacancy Rate
11.3%+10% vs US avg
x
Broadband Access
80.2%-8% vs US avg
x
4+ Bedrooms
3.0%-80% vs US avg
x
Built Pre-1939
8.1%-37% vs US avg
x
Built Post-2014
0.5%-92% vs US avg
x
Rent Burden >30%
10.0%-80% vs US avg
x
Mortgage-Free
52.8%+38% vs US avg
x
$140,000
Home Value
$508
Rent
1954
Year Built
2000
Moved In

Residents have lived here since ~2000 on average

Housing Structure

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

  • 1-unit detached88.1%
  • 1-unit attached1.4%
  • 2-9 units1.4%
  • 10+ units1.4%
  • Mobile home & other7.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$140,000
Median rent$508
Owner-occupied87.8%
Vacant11.3%
Price-to-income2.0x
Est. income to buy$39,000