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Hillsboro town, IN

ZIP 47949 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 47949

Median Home Value
$106,700
Median Rent
$757
Affordability Snapshot
$29,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$685/mo PITI).

12%
Rent-to-Income Ratio

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

1.4x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

11.7 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 47949 in Hillsboro town, IN, 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 $685. That sits below the local median household income ($77,750), 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

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
88.4%+35% vs US avg
x
Vacancy Rate
3.8%-63% vs US avg
x
Broadband Access
92.3%+6% vs US avg
x
4+ Bedrooms
4.0%-73% vs US avg
x
Built Pre-1939
11.0%-14% vs US avg
x
Built Post-2014
2.4%-65% vs US avg
x
Rent Burden >30%
13.8%-72% vs US avg
x
Mortgage-Free
41.9%+10% vs US avg
x
$106,700
Home Value
$757
Rent
1955
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 detached86.4%
  • 1-unit attached0.5%
  • 2-9 units0.3%
  • 10+ units0.2%
  • Mobile home & other12.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$106,700
Median rent$757
Owner-occupied88.4%
Vacant3.8%
Price-to-income1.4x
Est. income to buy$29,000