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North Vernon city, IN

ZIP 47265 — 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 47265

Median Home Value
$143,700
Median Rent
$676
Affordability Snapshot
$40,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$923/mo PITI).

12%
Rent-to-Income Ratio

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

2.2x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

17.7 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 47265 in North Vernon city, IN, a household would need roughly $40,000 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 $923. That sits below the local median household income ($65,877), 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
76.8%+17% vs US avg
x
Vacancy Rate
8.8%-15% vs US avg
x
Broadband Access
85.3%-2% vs US avg
x
4+ Bedrooms
1.7%-89% vs US avg
x
Built Pre-1939
2.2%-83% vs US avg
x
Built Post-2014
0.7%-90% vs US avg
x
Rent Burden >30%
18.9%-62% vs US avg
x
Mortgage-Free
42.3%+11% vs US avg
x
$143,700
Home Value
$676
Rent
1980
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

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

  • 1-unit detached69.4%
  • 1-unit attached1.0%
  • 2-9 units8.9%
  • 10+ units1.4%
  • Mobile home & other19.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$143,700
Median rent$676
Owner-occupied76.8%
Vacant8.8%
Price-to-income2.2x
Est. income to buy$40,000