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ZIP 47903 — 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 47903

Median Home Value
$117,800
Median Rent
$915
Affordability Snapshot
$32,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$757/mo PITI).

19%
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.

10.7 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 47903, a household would need roughly $32,000 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 $757. That sits below the local median household income ($56,696), 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
38.5%-41% vs US avg
x
Vacancy Rate
6.3%-38% vs US avg
x
Broadband Access
90.4%+4% vs US avg
x
4+ Bedrooms
0.3%-98% vs US avg
x
Built Pre-1939
4.7%-64% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
7.1%-86% vs US avg
x
Mortgage-Free
41.7%+9% vs US avg
x
$117,800
Home Value
$915
Rent
1978
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 detached58.6%
  • 1-unit attached1.3%
  • 2-9 units32.1%
  • 10+ units1.8%
  • Mobile home & other6.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$117,800
Median rent$915
Owner-occupied38.5%
Vacant6.3%
Price-to-income2.1x
Est. income to buy$32,000