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Elberfeld town, IN

ZIP 47613 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 47613

Median Home Value
$218,300
Median Rent
$513
Affordability Snapshot
$60,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,402/mo PITI).

6%
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.

35.5 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 47613 in Elberfeld town, IN, a household would need roughly $60,000 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 $1,402. That sits below the local median household income ($108,871), 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 16% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
95.6%+46% vs US avg
x
Vacancy Rate
15.7%+53% vs US avg
x
Broadband Access
91.2%+5% vs US avg
x
4+ Bedrooms
4.8%-68% vs US avg
x
Built Pre-1939
3.8%-70% vs US avg
x
Built Post-2014
0.5%-93% vs US avg
x
Rent Burden >30%
0.0%
x
Mortgage-Free
27.9%-27% vs US avg
x
$218,300
Home Value
$513
Rent
1974
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 detached95.6%
  • 1-unit attached0.4%
  • 2-9 units1.1%
  • 10+ units0.8%
  • Mobile home & other2.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$218,300
Median rent$513
Owner-occupied95.6%
Vacant15.7%
Price-to-income2.0x
Est. income to buy$60,000