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Elizabeth town, IN

ZIP 47117 — 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 47117

Median Home Value
$203,400
Median Rent
$611
Affordability Snapshot
$56,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,307/mo PITI).

8%
Rent-to-Income Ratio

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

2.3x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

27.7 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 47117 in Elizabeth town, IN, a household would need roughly $56,000 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 $1,307. That sits below the local median household income ($88,648), 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
83.5%+28% vs US avg
x
Vacancy Rate
7.9%-23% vs US avg
x
Broadband Access
72.4%-17% vs US avg
x
4+ Bedrooms
3.8%-74% vs US avg
x
Built Pre-1939
8.5%-33% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
0.4%-99% vs US avg
x
Mortgage-Free
39.4%+3% vs US avg
x
$203,400
Home Value
$611
Rent
1982
Year Built
2009
Moved In

Residents have lived here since ~2009 on average

Housing Structure

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

  • 1-unit detached85.3%
  • 1-unit attached0.1%
  • 2-9 units0.1%
  • 10+ units0.0%
  • Mobile home & other14.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$203,400
Median rent$611
Owner-occupied83.5%
Vacant7.9%
Price-to-income2.3x
Est. income to buy$56,000