dynamic.RE
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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 −6.6% YoY. inventory, +37.0% YoY, is the number to watch.
The median listing price is down 6.6% YoY while the median home got up 7.3% bigger, so value per square foot is down 0.4%.
U.S. Census ACS characteristics for ZIP 47805 itself, not its parent county.
Renters hold 17.9% of this ZIP's 5,165 occupied households, on a median household income of $72K.
| Measure | ZIP 47805 | Vigo County | Difference |
|---|---|---|---|
| Median Household Income | $72K | $53K | +$19K |
| Below Poverty Level | 11.9% | 19.2% | -7.3% |
| Median Age | 43.20 | 36.30 | +6.90 |
| Total Population | 12,619 | 106,109 | -- |
| Avg Household Size | 2.43 | 2.33 | +0.10 |
| Owner-Occupied | 82.1% | 61.7% | +20.4% |
| Worked From Home | 2.7% | 5.5% | -2.8% |
| Mean Commute | 21.00 | 19.90 | +1.10 |
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.