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Galena CDP, IN

ZIP 47119 — Housing & Real Estate

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

Upper Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 47119

Median Home Value
$321,500
Median Rent
$1,039
Affordability Snapshot
$88,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,065/mo PITI).

11%
Rent-to-Income Ratio

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

2.7x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

25.8 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 47119 in Galena CDP, IN, a household would need roughly $88,000 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 $2,065. That sits below the local median household income ($118,093), 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
93.3%+43% vs US avg
x
Vacancy Rate
10.5%+2% vs US avg
x
Broadband Access
94.0%+8% vs US avg
x
4+ Bedrooms
9.4%-37% vs US avg
x
Built Pre-1939
1.8%-86% vs US avg
x
Built Post-2014
0.4%-94% vs US avg
x
Rent Burden >30%
18.4%-63% vs US avg
x
Mortgage-Free
34.0%-11% vs US avg
x
$321,500
Home Value
$1,039
Rent
1990
Year Built
2010
Moved In

Residents have lived here since ~2010 on average

Housing Structure

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

  • 1-unit detached95.4%
  • 1-unit attached1.7%
  • 2-9 units0.7%
  • 10+ units0.4%
  • Mobile home & other1.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$321,500
Median rent$1,039
Owner-occupied93.3%
Vacant10.5%
Price-to-income2.7x
Est. income to buy$88,000