US5.com
  1. Home
  2. States
  3. Indiana
  4. ZIP 47965
  5. Housing & Real Estate
New Market town, IN

ZIP 47965 — 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 47965

Median Home Value
$151,500
Median Rent
$668
Affordability Snapshot
$42,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$973/mo PITI).

11%
Rent-to-Income Ratio

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

2.0x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

18.9 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 47965 in New Market town, IN, a household would need roughly $42,000 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 $973. That sits below the local median household income ($75,089), 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
81.5%+25% vs US avg
x
Vacancy Rate
8.5%-18% vs US avg
x
Broadband Access
84.1%-3% vs US avg
x
4+ Bedrooms
5.2%-65% vs US avg
x
Built Pre-1939
13.3%+4% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
11.9%-76% vs US avg
x
Mortgage-Free
47.6%+25% vs US avg
x
$151,500
Home Value
$668
Rent
1956
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

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

  • 1-unit detached90.7%
  • 1-unit attached0.0%
  • 2-9 units6.0%
  • 10+ units0.0%
  • Mobile home & other3.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$151,500
Median rent$668
Owner-occupied81.5%
Vacant8.5%
Price-to-income2.0x
Est. income to buy$42,000