Indiana
Blackford County
ZIP 47359
12,007 residents10 permits TTM$47,560 median HHI2 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$96,700
ACS 5-Year
Cap rate proxy
7.9%
FMR × 0.65 ÷ Home Value
Rent-to-income
16.0%
HUD FMR ÷ ACS HHI
Net migration
+1.07%
IRS SOI
Permits (TTM)
10
Census BPS
Climate risk
9.0
FEMA NRI (0–100)
ZIP 47359
Median home value
$138,200
Gross yield
8.3%
Cap rate
5.5%
Rent gap
33.6%
Affordability
P/I: 2.9R/I: —
Section 8 detail
SAFMR: $956Rent: $635Gap: 50.6%
ZIP code breakdown2 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate ↓ | Rent gap |
|---|---|---|---|---|---|
| 47359 | $138,200 | $956 | 8.3% | 5.5% | 33.6% |
| 47348 | $139,817 | $956 | 8.2% | 5.5% | 33.6% |
Sort by any column. Click a ZIP for detail. Rent gap: green = HUD FMR above market rent.
Demographics
Owner-occupied
73.6%
Census ACS
Vacancy rate
13.7%
Census ACS
Bachelor's degree +
13.5%
Census ACS
Rent burdened
41.6%
Census ACS (>30% income)
Median age
44.0
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026