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Fowler town, IN

ZIP 47944 — 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 47944

Median Home Value
$129,900
Median Rent
$651
Affordability Snapshot
$36,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$834/mo PITI).

15%
Rent-to-Income Ratio

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

2.4x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

16.6 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 47944 in Fowler town, IN, a household would need roughly $36,000 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 $834. That sits below the local median household income ($53,563), 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

Vacancy rate 10% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
79.8%+22% vs US avg
x
Vacancy Rate
10.0%-3% vs US avg
x
Broadband Access
82.6%-5% vs US avg
x
4+ Bedrooms
3.3%-78% vs US avg
x
Built Pre-1939
10.7%-16% vs US avg
x
Built Post-2014
0.3%-96% vs US avg
x
Rent Burden >30%
22.0%-56% vs US avg
x
Mortgage-Free
44.5%+16% vs US avg
x
$129,900
Home Value
$651
Rent
1946
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

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

  • 1-unit detached85.0%
  • 1-unit attached1.4%
  • 2-9 units11.5%
  • 10+ units0.9%
  • Mobile home & other1.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$129,900
Median rent$651
Owner-occupied79.8%
Vacant10.0%
Price-to-income2.4x
Est. income to buy$36,000