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Shelburn town, IN

ZIP 47879 — 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 47879

Median Home Value
$93,600
Median Rent
$543
Affordability Snapshot
$26,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$601/mo PITI).

13%
Rent-to-Income Ratio

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

1.9x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

14.4 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 47879 in Shelburn town, IN, a household would need roughly $26,000 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 $601. That sits below the local median household income ($50,000), 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
78.9%+21% vs US avg
x
Vacancy Rate
8.2%-20% vs US avg
x
Broadband Access
77.0%-11% vs US avg
x
4+ Bedrooms
1.9%-87% vs US avg
x
Built Pre-1939
6.8%-47% vs US avg
x
Built Post-2014
1.3%-81% vs US avg
x
Rent Burden >30%
9.3%-81% vs US avg
x
Mortgage-Free
45.0%+18% vs US avg
x
$93,600
Home Value
$543
Rent
1977
Year Built
2009
Moved In

Residents have lived here since ~2009 on average

Housing Structure

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

  • 1-unit detached78.1%
  • 1-unit attached0.1%
  • 2-9 units4.7%
  • 10+ units0.0%
  • Mobile home & other17.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$93,600
Median rent$543
Owner-occupied78.9%
Vacant8.2%
Price-to-income1.9x
Est. income to buy$26,000