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, IN

ZIP 47116 — Housing & Real Estate

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

Working ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 47116

Median Home Value
$114,700
Median Rent
N/A
Affordability Snapshot
$32,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$737/mo PITI).

3.1x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

To comfortably buy a median-priced home in ZIP 47116 in IN, a household would need roughly $32,000 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 $737. That sits below the local median household income ($37,426), 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 48% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
93.4%+43% vs US avg
x
Vacancy Rate
47.9%+365% vs US avg
x
Broadband Access
63.0%-28% vs US avg
x
4+ Bedrooms
12.3%-17% vs US avg
x
Built Pre-1939
0.0%
x
Built Post-2014
1.7%-75% vs US avg
x
Rent Burden >30%
0.0%
x
Mortgage-Free
70.6%+85% vs US avg
x
$114,700
Home Value
N/A
Rent
1984
Year Built
2002
Moved In

Residents have lived here since ~2002 on average

Housing Structure

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

  • 1-unit detached63.7%
  • 1-unit attached0.0%
  • 2-9 units0.0%
  • 10+ units0.0%
  • Mobile home & other36.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$114,700
Median rent$-666,666,666
Owner-occupied93.4%
Vacant47.9%
Price-to-income3.1x
Est. income to buy$32,000