US5.com
  1. Home
  2. States
  3. Indiana
  4. ZIP 47978
  5. Housing & Real Estate
Rensselaer city, IN

ZIP 47978 — 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 47978

Median Home Value
$180,900
Median Rent
$674
Affordability Snapshot
$50,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,162/mo PITI).

11%
Rent-to-Income Ratio

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

2.5x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

22.4 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 47978 in Rensselaer city, IN, a household would need roughly $50,000 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 $1,162. That sits below the local median household income ($71,359), 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
75.2%+15% vs US avg
x
Vacancy Rate
8.3%-19% vs US avg
x
Broadband Access
89.8%+3% vs US avg
x
4+ Bedrooms
3.9%-73% vs US avg
x
Built Pre-1939
9.3%-27% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
5.3%-89% vs US avg
x
Mortgage-Free
43.2%+13% vs US avg
x
$180,900
Home Value
$674
Rent
1967
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 detached82.2%
  • 1-unit attached2.6%
  • 2-9 units11.7%
  • 10+ units2.2%
  • Mobile home & other1.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$180,900
Median rent$674
Owner-occupied75.2%
Vacant8.3%
Price-to-income2.5x
Est. income to buy$50,000