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ZIP 50402 — Housing & Real Estate

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

Working Class

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 50402

Median Home Value
$105,800
Median Rent
$676
Affordability Snapshot
$29,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$680/mo PITI).

14%
Rent-to-Income Ratio

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

1.9x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

13.0 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 50402, 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 $680. That sits below the local median household income ($55,991), 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 12% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
59.9%-8% vs US avg
x
Vacancy Rate
12.2%+18% vs US avg
x
Broadband Access
87.5%+1% vs US avg
x
4+ Bedrooms
1.6%-89% vs US avg
x
Built Pre-1939
14.8%+16% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
17.6%-65% vs US avg
x
Mortgage-Free
46.4%+21% vs US avg
x
$105,800
Home Value
$676
Rent
1945
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

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

  • 1-unit detached78.3%
  • 1-unit attached1.3%
  • 2-9 units9.8%
  • 10+ units10.6%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$105,800
Median rent$676
Owner-occupied59.9%
Vacant12.2%
Price-to-income1.9x
Est. income to buy$29,000