US5.com
  1. Home
  2. States
  3. ZIP 47307
  4. Housing & Real Estate
,

ZIP 47307 — Housing & Real Estate

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

Working Class

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 47307

Median Home Value
$48,600
Median Rent
$607
Affordability Snapshot
$13,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$312/mo PITI).

15%
Rent-to-Income Ratio

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

1.0x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

6.7 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 47307, a household would need roughly $13,000 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 $312. That sits below the local median household income ($49,722), 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 12% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
44.0%-33% vs US avg
x
Vacancy Rate
11.6%+13% vs US avg
x
Broadband Access
88.5%+2% vs US avg
x
4+ Bedrooms
1.0%-93% vs US avg
x
Built Pre-1939
13.7%+7% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
11.6%-77% vs US avg
x
Mortgage-Free
66.3%+73% vs US avg
x
$48,600
Home Value
$607
Rent
1942
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

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

  • 1-unit detached79.1%
  • 1-unit attached1.6%
  • 2-9 units4.2%
  • 10+ units8.3%
  • Mobile home & other6.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$48,600
Median rent$607
Owner-occupied44.0%
Vacant11.6%
Price-to-income1.0x
Est. income to buy$13,000