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Owensburg CDP, IN

ZIP 47424 — 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 47424

Median Home Value
$163,600
Median Rent
$592
Affordability Snapshot
$45,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,051/mo PITI).

10%
Rent-to-Income Ratio

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

2.4x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

23.0 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 47424 in Owensburg CDP, IN, a household would need roughly $45,000 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 $1,051. That sits below the local median household income ($69,022), 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 14% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
76.8%+17% vs US avg
x
Vacancy Rate
13.7%+33% vs US avg
x
Broadband Access
84.0%-3% vs US avg
x
4+ Bedrooms
1.1%-92% vs US avg
x
Built Pre-1939
4.1%-68% vs US avg
x
Built Post-2014
1.8%-73% vs US avg
x
Rent Burden >30%
10.8%-78% vs US avg
x
Mortgage-Free
48.5%+27% vs US avg
x
$163,600
Home Value
$592
Rent
1978
Year Built
2010
Moved In

Residents have lived here since ~2010 on average

Housing Structure

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

  • 1-unit detached72.8%
  • 1-unit attached1.3%
  • 2-9 units4.8%
  • 10+ units1.8%
  • Mobile home & other19.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$163,600
Median rent$592
Owner-occupied76.8%
Vacant13.7%
Price-to-income2.4x
Est. income to buy$45,000