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ZIP 47724 — 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 47724

Median Home Value
$107,000
Median Rent
$668
Affordability Snapshot
$29,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$687/mo PITI).

22%
Rent-to-Income Ratio

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

2.9x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

13.3 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 47724, a household would need roughly $29,000 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 $687. That sits below the local median household income ($36,488), 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

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
36.2%-45% vs US avg
x
Vacancy Rate
4.6%-56% vs US avg
x
Broadband Access
84.6%-3% vs US avg
x
4+ Bedrooms
0.4%-97% vs US avg
x
Built Pre-1939
3.4%-73% vs US avg
x
Built Post-2014
0.8%-88% vs US avg
x
Rent Burden >30%
24.3%-51% vs US avg
x
Mortgage-Free
36.9%-3% vs US avg
x
$107,000
Home Value
$668
Rent
1973
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 detached42.1%
  • 1-unit attached2.0%
  • 2-9 units16.4%
  • 10+ units30.9%
  • Mobile home & other8.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$107,000
Median rent$668
Owner-occupied36.2%
Vacant4.6%
Price-to-income2.9x
Est. income to buy$29,000