Easiest ZIP codes to buy in Indiana
Top 25 easiest ZIP codes to buy into in Indiana by price-to-income ratio. #1 is 47989 (Waveland) at about 1.1x. Compare buy-in affordability on US5.
These ZIP codes have the lowest median home price-to-income ratios in Indiana — a practical “buy-in difficulty” signal that combines local home values with local earnings.
Lowest ratios on this board: 47989 (Waveland) at about 1.1x; 47512 (Ragsdale) at about 1.2x; 47991 (West Lebanon) at about 1.2x.
Open a ZIP page for an illustrative “estimated income to buy” figure based on a transparent mortgage model (down payment, rate, taxes, and insurance assumptions).
Open any ZIP for a full demographics, income, and housing profile, or return to the Indiana state page for the complete ZIP table.
Ranked ZIP codes
| # | ZIP | City | County | Price-to-income | Population | Income | Home value |
|---|---|---|---|---|---|---|---|
| 1 | 47989 | Waveland | Montgomery County | 1.1x | 1,243 | $101,369 | $114,900 |
| 2 | 47512 | Ragsdale | Knox County | 1.2x | 4,216 | $60,217 | $71,300 |
| 3 | 47991 | West Lebanon | Warren County | 1.2x | 1,398 | $102,643 | $127,700 |
| 4 | 47862 | Montezuma | Parke County | 1.3x | 1,262 | $67,500 | $88,900 |
| 5 | 47974 | Perrysville | Vermillion County | 1.3x | 1,399 | $90,455 | $120,200 |
| 6 | 47357 | Milton | Wayne County | 1.3x | 1,184 | $97,544 | $131,300 |
| 7 | 47949 | Hillsboro | Fountain County | 1.4x | 1,563 | $77,750 | $106,700 |
| 8 | 47385 | Spiceland | Henry County | 1.4x | 1,700 | $100,479 | $140,200 |
| 9 | 47260 | Medora | Jackson County | 1.4x | 1,909 | $65,733 | $91,800 |
| 10 | 47443 | Lyons | Greene County | 1.4x | 1,336 | $60,795 | $85,900 |
| 11 | 47368 | Parker City | Randolph County | 1.5x | 2,118 | $69,936 | $103,500 |
| 12 | 46172 | Roachdale | Putnam County | 1.5x | 2,215 | $82,656 | $123,500 |
| 13 | 47302 | Muncie | Delaware County | 1.5x | 25,365 | $47,185 | $70,800 |
| 14 | 47850 | Farmersburg | Sullivan County | 1.5x | 2,027 | $64,333 | $97,100 |
| 15 | 47598 | Winslow | Pike County | 1.5x | 2,908 | $65,893 | $99,800 |
| 16 | 47380 | Ridgeville | Randolph County | 1.5x | 1,537 | $55,278 | $84,900 |
| 17 | 47355 | Lynn | Randolph County | 1.6x | 2,966 | $65,172 | $102,300 |
| 18 | 47432 | French Lick | Orange County | 1.6x | 4,721 | $64,162 | $101,900 |
| 19 | 47393 | — | Wayne County | 1.6x | 1,595 | $83,192 | $134,100 |
| 20 | 47951 | Kentland | Newton County | 1.6x | 2,246 | $63,228 | $102,400 |
| 21 | 47848 | Dugger | Sullivan County | 1.6x | 1,319 | $59,575 | $97,600 |
| 22 | 47338 | Eaton | Delaware County | 1.7x | 2,378 | $62,064 | $102,500 |
| 23 | 47394 | Winchester | Randolph County | 1.7x | 8,137 | $66,335 | $110,000 |
| 24 | 47336 | Dunkirk | Jay County | 1.7x | 2,793 | $50,381 | $83,600 |
| 25 | 46939 | Kewanna | Fulton County | 1.7x | 1,757 | $63,750 | $106,100 |
Frequently asked questions
Which ZIP codes in Indiana are easiest to buy into?
By median home price-to-income ratio, 47989 (Waveland) ranks near the top at about 1.1x. Lower ratios generally mean local incomes go further against local home prices.
How does US5 rank ZIP codes in Indiana?
We rank indexable ZIP codes with both income and home-value data by lowest median home price-to-income ratio (with a population floor).
Where can I explore all ZIP codes in Indiana?
Visit the Indiana state page for the full ZIP table, demographics summary, and sortable income/housing columns.