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Versailles town, IN

ZIP 47042 — 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 47042

Median Home Value
$178,200
Median Rent
$548
Affordability Snapshot
$49,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,145/mo PITI).

9%
Rent-to-Income Ratio

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

2.4x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

27.1 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 47042 in Versailles town, 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 $1,145. That sits below the local median household income ($74,401), 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 11% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
78.6%+20% vs US avg
x
Vacancy Rate
10.8%+5% vs US avg
x
Broadband Access
90.8%+4% vs US avg
x
4+ Bedrooms
7.3%-51% vs US avg
x
Built Pre-1939
8.3%-35% vs US avg
x
Built Post-2014
2.1%-69% vs US avg
x
Rent Burden >30%
20.3%-59% vs US avg
x
Mortgage-Free
34.8%-9% vs US avg
x
$178,200
Home Value
$548
Rent
1977
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

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

  • 1-unit detached74.4%
  • 1-unit attached2.6%
  • 2-9 units13.7%
  • 10+ units4.5%
  • Mobile home & other4.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$178,200
Median rent$548
Owner-occupied78.6%
Vacant10.8%
Price-to-income2.4x
Est. income to buy$49,000