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Redkey town, IN

ZIP 47373 — Housing & Real Estate

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

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 47373

Median Home Value
$85,600
Median Rent
$586
Affordability Snapshot
$24,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$550/mo PITI).

14%
Rent-to-Income Ratio

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

1.7x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

12.2 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 47373 in Redkey town, IN, a household would need roughly $24,000 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 $550. That sits below the local median household income ($49,199), 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
79.0%+21% vs US avg
x
Vacancy Rate
9.4%-8% vs US avg
x
Broadband Access
84.5%-3% vs US avg
x
4+ Bedrooms
1.6%-89% vs US avg
x
Built Pre-1939
3.7%-71% vs US avg
x
Built Post-2014
2.0%-71% vs US avg
x
Rent Burden >30%
32.2%-35% vs US avg
x
Mortgage-Free
43.0%+13% vs US avg
x
$85,600
Home Value
$586
Rent
1959
Year Built
2008
Moved In

Residents have lived here since ~2008 on average

Housing Structure

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

  • 1-unit detached85.8%
  • 1-unit attached0.0%
  • 2-9 units3.9%
  • 10+ units2.1%
  • Mobile home & other8.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$85,600
Median rent$586
Owner-occupied79.0%
Vacant9.4%
Price-to-income1.7x
Est. income to buy$24,000