US5.com
  1. Home
  2. States
  3. Indiana
  4. ZIP 47616
  5. Housing & Real Estate
Griffin town, IN

ZIP 47616 — 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 47616

Median Home Value
$77,900
Median Rent
$542
Affordability Snapshot
$21,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$500/mo PITI).

8%
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.

12.0 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 47616 in Griffin town, IN, 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 $500. That sits below the local median household income ($80,208), 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
91.5%+40% vs US avg
x
Vacancy Rate
5.3%-48% vs US avg
x
Broadband Access
91.5%+5% vs US avg
x
4+ Bedrooms
0.0%
x
Built Pre-1939
1.3%-90% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
16.7%-66% vs US avg
x
Mortgage-Free
41.5%+9% vs US avg
x
$77,900
Home Value
$542
Rent
1938
Year Built
2004
Moved In

Residents have lived here since ~2004 on average

Housing Structure

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

  • 1-unit detached76.0%
  • 1-unit attached0.0%
  • 2-9 units2.7%
  • 10+ units0.0%
  • Mobile home & other21.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$77,900
Median rent$542
Owner-occupied91.5%
Vacant5.3%
Price-to-income1.0x
Est. income to buy$21,000