US5.com
  1. Home
  2. States
  3. Indiana
  4. ZIP 47974
  5. Housing & Real Estate
Perrysville town, IN

ZIP 47974 — 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 47974

Median Home Value
$120,200
Median Rent
$633
Affordability Snapshot
$33,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$772/mo PITI).

8%
Rent-to-Income Ratio

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

1.3x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

15.8 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 47974 in Perrysville town, IN, a household would need roughly $33,000 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 $772. That sits below the local median household income ($90,455), 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
69.8%+7% vs US avg
x
Vacancy Rate
8.3%-20% vs US avg
x
Broadband Access
80.9%-7% vs US avg
x
4+ Bedrooms
4.5%-70% vs US avg
x
Built Pre-1939
7.4%-42% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
7.5%-85% vs US avg
x
Mortgage-Free
45.8%+20% vs US avg
x
$120,200
Home Value
$633
Rent
1959
Year Built
2007
Moved In

Residents have lived here since ~2007 on average

Housing Structure

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

  • 1-unit detached78.9%
  • 1-unit attached0.2%
  • 2-9 units2.1%
  • 10+ units4.8%
  • Mobile home & other14.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$120,200
Median rent$633
Owner-occupied69.8%
Vacant8.3%
Price-to-income1.3x
Est. income to buy$33,000