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Clinton city, IN

ZIP 47842 — 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 47842

Median Home Value
$114,100
Median Rent
$546
Affordability Snapshot
$31,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$733/mo PITI).

12%
Rent-to-Income Ratio

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

2.1x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

17.4 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 47842 in Clinton city, IN, a household would need roughly $31,000 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 $733. That sits below the local median household income ($54,181), 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
70.7%+8% vs US avg
x
Vacancy Rate
8.0%-22% vs US avg
x
Broadband Access
87.6%+1% vs US avg
x
4+ Bedrooms
5.7%-61% vs US avg
x
Built Pre-1939
8.4%-34% vs US avg
x
Built Post-2014
0.2%-97% vs US avg
x
Rent Burden >30%
14.8%-70% vs US avg
x
Mortgage-Free
46.2%+21% vs US avg
x
$114,100
Home Value
$546
Rent
1958
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

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

  • 1-unit detached83.5%
  • 1-unit attached0.8%
  • 2-9 units8.9%
  • 10+ units2.1%
  • Mobile home & other4.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$114,100
Median rent$546
Owner-occupied70.7%
Vacant8.0%
Price-to-income2.1x
Est. income to buy$31,000