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A tight-supply market with no rental pool to price against. Demand is visible here; the rent math is not.
What would change this read: the median listing price is +18.6% YoY. inventory, +22.5% YoY, is the number to watch.
The median listing price is up 18.6% YoY while the median home got down 9.2% bigger, so value per square foot is up 2.7%.
U.S. Census ACS characteristics for ZIP 47804 itself, not its parent county.
Renters hold 42.4% of this ZIP's 4,528 occupied households, on a median household income of $41K.
| Measure | ZIP 47804 | Vigo County | Difference |
|---|---|---|---|
| Median Household Income | $41K | $53K | -$12K |
| Below Poverty Level | 24.2% | 19.2% | +5.0% |
| Median Age | 38.20 | 36.30 | +1.90 |
| Total Population | 10,553 | 106,109 | -- |
| Avg Household Size | 2.26 | 2.33 | -0.07 |
| Owner-Occupied | 57.6% | 61.7% | -4.1% |
| Worked From Home | 5.0% | 5.5% | -0.5% |
| Mean Commute | 21.30 | 19.90 | +1.40 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is down 0.1% to 106,109: residents under 18 are down 0.5% and those 65 and over are up 1.8%.
County median household income is $53K, 19.2% of residents are below the poverty level, 5.5% work from home.