US5.com
  1. Home
  2. States
  3. Indiana
  4. ZIP 47960
  5. Housing & Real Estate
Monticello city, IN

ZIP 47960 — 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 47960

Median Home Value
$179,300
Median Rent
$638
Affordability Snapshot
$49,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,152/mo PITI).

13%
Rent-to-Income Ratio

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

2.9x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

23.4 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 47960 in Monticello city, IN, a household would need roughly $49,000 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 $1,152. That sits below the local median household income ($61,087), 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 35% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
78.7%+20% vs US avg
x
Vacancy Rate
35.3%+242% vs US avg
x
Broadband Access
87.2%+0% vs US avg
x
4+ Bedrooms
5.0%-66% vs US avg
x
Built Pre-1939
6.8%-47% vs US avg
x
Built Post-2014
0.3%-96% vs US avg
x
Rent Burden >30%
24.6%-51% vs US avg
x
Mortgage-Free
39.0%+2% vs US avg
x
$179,300
Home Value
$638
Rent
1972
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

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

  • 1-unit detached73.9%
  • 1-unit attached0.6%
  • 2-9 units7.7%
  • 10+ units3.2%
  • Mobile home & other14.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$179,300
Median rent$638
Owner-occupied78.7%
Vacant35.3%
Price-to-income2.9x
Est. income to buy$49,000