US5.com
  1. Home
  2. States
  3. Indiana
  4. ZIP 47980
  5. Housing & Real Estate
Reynolds town, IN

ZIP 47980 — 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 47980

Median Home Value
$155,400
Median Rent
$543
Affordability Snapshot
$43,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$998/mo PITI).

10%
Rent-to-Income Ratio

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

2.5x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

23.8 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 47980 in Reynolds town, IN, a household would need roughly $43,000 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 $998. That sits below the local median household income ($62,171), 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
80.5%+23% vs US avg
x
Vacancy Rate
4.6%-55% vs US avg
x
Broadband Access
90.5%+4% vs US avg
x
4+ Bedrooms
7.4%-50% vs US avg
x
Built Pre-1939
9.3%-28% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
6.3%-87% vs US avg
x
Mortgage-Free
37.5%-2% vs US avg
x
$155,400
Home Value
$543
Rent
1959
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 detached88.9%
  • 1-unit attached0.5%
  • 2-9 units3.0%
  • 10+ units0.0%
  • Mobile home & other7.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$155,400
Median rent$543
Owner-occupied80.5%
Vacant4.6%
Price-to-income2.5x
Est. income to buy$43,000