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Elizabethtown town, IN

ZIP 47232 — 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 47232

Median Home Value
$185,400
Median Rent
$521
Affordability Snapshot
$51,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,191/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.

29.7 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 47232 in Elizabethtown town, IN, a household would need roughly $51,000 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 $1,191. That sits below the local median household income ($81,875), 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
91.9%+40% vs US avg
x
Vacancy Rate
8.2%-20% vs US avg
x
Broadband Access
93.9%+8% vs US avg
x
4+ Bedrooms
1.3%-91% vs US avg
x
Built Pre-1939
4.0%-69% vs US avg
x
Built Post-2014
1.0%-86% vs US avg
x
Rent Burden >30%
14.7%-70% vs US avg
x
Mortgage-Free
36.4%-5% vs US avg
x
$185,400
Home Value
$521
Rent
1977
Year Built
2007
Moved In

Residents have lived here since ~2007 on average

Housing Structure

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

  • 1-unit detached80.3%
  • 1-unit attached1.3%
  • 2-9 units0.0%
  • 10+ units0.0%
  • Mobile home & other18.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$185,400
Median rent$521
Owner-occupied91.9%
Vacant8.2%
Price-to-income2.3x
Est. income to buy$51,000