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Clay City town, IN

ZIP 47841 — 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 47841

Median Home Value
$102,900
Median Rent
$448
Affordability Snapshot
$28,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$661/mo PITI).

9%
Rent-to-Income Ratio

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

1.7x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

19.1 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 47841 in Clay City town, IN, a household would need roughly $28,000 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 $661. That sits below the local median household income ($61,307), 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 12% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
75.9%+16% vs US avg
x
Vacancy Rate
11.6%+13% vs US avg
x
Broadband Access
85.8%-1% vs US avg
x
4+ Bedrooms
5.0%-66% vs US avg
x
Built Pre-1939
5.2%-59% vs US avg
x
Built Post-2014
0.2%-98% vs US avg
x
Rent Burden >30%
9.9%-80% vs US avg
x
Mortgage-Free
49.3%+29% vs US avg
x
$102,900
Home Value
$448
Rent
1961
Year Built
2010
Moved In

Residents have lived here since ~2010 on average

Housing Structure

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

  • 1-unit detached73.8%
  • 1-unit attached1.9%
  • 2-9 units5.4%
  • 10+ units1.0%
  • Mobile home & other17.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$102,900
Median rent$448
Owner-occupied75.9%
Vacant11.6%
Price-to-income1.7x
Est. income to buy$28,000