Indiana
Decatur County
ZIP 47240
26,411 residents78 permits TTM$74,228 median HHI5 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$189,900
ACS 5-Year
Cap rate proxy
5.2%
FMR × 0.65 ÷ Home Value
Rent-to-income
13.4%
HUD FMR ÷ ACS HHI
Net migration
+1.65%
IRS SOI
Permits (TTM)
78
Census BPS
Climate risk
23.1
FEMA NRI (0–100)
ZIP 47240
Median home value
$189,900
Gross yield
7.0%
Buy Box score
0.8
Section 8 gap
32.9%
Affordability
P/I: 3.4R/I: —
Section 8 detail
SAFMR: $1,100Rent: $828Gap: 32.9%
ZIP code breakdown5 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Buy Box score ↓ | Section 8 gap |
|---|---|---|---|---|---|
| 47283 | — | — | — | 0.9 | — |
| 47272 | $189,900 | $1,110 | 7.0% | 0.9 | 34.1% |
| 47240 | $189,900 | $1,100 | 7.0% | 0.8 | 32.9% |
| 47225 | — | — | — | — | — |
| 47263 | — | — | — | — | — |
Sort by any column. Click a ZIP for detail.
Demographics
Owner-occupied
75.2%
Census ACS
Vacancy rate
9.5%
Census ACS
Bachelor's degree +
20.1%
Census ACS
Rent burdened
28.9%
Census ACS (>30% income)
Median age
40.4
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