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Riley town, IN

ZIP 47871 — 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 47871

Median Home Value
$92,700
Median Rent
$595
Affordability Snapshot
$25,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$595/mo PITI).

10%
Rent-to-Income Ratio

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

1.3x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

13.0 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 47871 in Riley town, IN, a household would need roughly $25,000 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 $595. That sits below the local median household income ($72,813), 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
70.3%+8% vs US avg
x
Vacancy Rate
9.9%-3% vs US avg
x
Broadband Access
91.3%+5% vs US avg
x
4+ Bedrooms
0.0%
x
Built Pre-1939
12.0%-6% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
3.9%-92% vs US avg
x
Mortgage-Free
20.7%-46% vs US avg
x
$92,700
Home Value
$595
Rent
1948
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 detached91.1%
  • 1-unit attached0.0%
  • 2-9 units4.2%
  • 10+ units0.0%
  • Mobile home & other4.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$92,700
Median rent$595
Owner-occupied70.3%
Vacant9.9%
Price-to-income1.3x
Est. income to buy$25,000