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ZIP Code 42047

Learn about the people, housing, costs and businesses in 42047

Median Home$96,900
Median Rent$661/month
Population942
Leading IndustriesManufacturing · Public Administration · Agriculture & Mining5% manufacturing
Home Value Growth⬆⬆⬆+35.6% over 2 years
Family-Friendly28% of residentswell above average
Homeowners83% of occupied units
NotableAffordable Market$97k median home · lower cost than 95% of the country
ZIP Code
42047

Frequently Asked Questions

What are today's mortgage rates in ZIP code 42047?

As of today, the 30-year fixed mortgage rate for ZIP code 42047 is approximately 6.958% (6.999% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for ZIP code 42047
What is the median home price in ZIP code 42047?

The median home value in ZIP code 42047 is $97k. The median monthly rent is $661. Annual property taxes average $664. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in ZIP code 42047?

Home values in ZIP code 42047 have increased 35.6% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in ZIP code 42047?

Based on a typical all-in ownership cost of $589/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $25k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in ZIP code 42047 is $63k/year.

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What industries drive the economy in ZIP code 42047?

The largest employment sectors in ZIP code 42047 are public administration (30%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.