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ZIP 47308 — 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 47308

Median Home Value
$77,700
Median Rent
$662
Affordability Snapshot
$21,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$499/mo PITI).

21%
Rent-to-Income Ratio

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

2.0x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

9.8 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 47308, a household would need roughly $21,000 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 $499. That sits below the local median household income ($38,203), 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 25% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
44.9%-31% vs US avg
x
Vacancy Rate
24.5%+138% vs US avg
x
Broadband Access
85.8%-1% vs US avg
x
4+ Bedrooms
0.0%
x
Built Pre-1939
5.2%-59% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
30.3%-39% vs US avg
x
Mortgage-Free
71.6%+87% vs US avg
x
$77,700
Home Value
$662
Rent
1938
Year Built
2016
Moved In

Residents have lived here since ~2016 on average

Housing Structure

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

  • 1-unit detached43.3%
  • 1-unit attached2.3%
  • 2-9 units40.2%
  • 10+ units14.1%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$77,700
Median rent$662
Owner-occupied44.9%
Vacant24.5%
Price-to-income2.0x
Est. income to buy$21,000