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Otwell CDP, IN

ZIP 47564 — 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 47564

Median Home Value
$148,100
Median Rent
$623
Affordability Snapshot
$41,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$951/mo PITI).

13%
Rent-to-Income Ratio

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

2.5x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

19.8 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 47564 in Otwell CDP, IN, a household would need roughly $41,000 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 $951. That sits below the local median household income ($59,125), 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 11% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
71.1%+9% vs US avg
x
Vacancy Rate
11.3%+10% vs US avg
x
Broadband Access
86.2%-1% vs US avg
x
4+ Bedrooms
0.0%
x
Built Pre-1939
7.5%-42% vs US avg
x
Built Post-2014
2.5%-63% vs US avg
x
Rent Burden >30%
6.8%-86% vs US avg
x
Mortgage-Free
42.4%+11% vs US avg
x
$148,100
Home Value
$623
Rent
1972
Year Built
2017
Moved In

Residents have lived here since ~2017 on average

Housing Structure

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

  • 1-unit detached91.2%
  • 1-unit attached0.0%
  • 2-9 units2.9%
  • 10+ units0.0%
  • Mobile home & other5.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$148,100
Median rent$623
Owner-occupied71.1%
Vacant11.3%
Price-to-income2.5x
Est. income to buy$41,000