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Macy town, IN

ZIP 46951 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 46951

Median Home Value
$131,800
Median Rent
$563
Affordability Snapshot
$36,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$847/mo PITI).

13%
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.

19.5 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 46951 in Macy town, IN, a household would need roughly $36,000 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 $847. That sits below the local median household income ($52,159), 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 32% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
87.6%+34% vs US avg
x
Vacancy Rate
31.6%+207% vs US avg
x
Broadband Access
87.0%-0% vs US avg
x
4+ Bedrooms
1.0%-93% vs US avg
x
Built Pre-1939
11.5%-10% vs US avg
x
Built Post-2014
0.4%-94% vs US avg
x
Rent Burden >30%
31.0%-38% vs US avg
x
Mortgage-Free
37.0%-3% vs US avg
x
$131,800
Home Value
$563
Rent
1967
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

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

  • 1-unit detached80.6%
  • 1-unit attached3.1%
  • 2-9 units0.9%
  • 10+ units0.0%
  • Mobile home & other15.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$131,800
Median rent$563
Owner-occupied87.6%
Vacant31.6%
Price-to-income2.5x
Est. income to buy$36,000