Indiana

Switzerland County

ZIP 47011

9,914 residents81 permits TTM$65,148 median HHI4 ZIP codesUpdated April 16, 2026
Investor first look

Median home value

$183,200

ACS 5-Year

Cap rate proxy

4.7%

FMR × 0.65 ÷ Home Value

Rent-to-income

13.3%

HUD FMR ÷ ACS HHI

Net migration

+1.34%

IRS SOI

Permits (TTM)

81

Census BPS

Climate risk

11.6

FEMA NRI (0–100)

ZIP 47011

Median home value

$183,200

Gross yield

6.6%

Buy Box score

Section 8 gap

40.3%

Affordability

P/I: 4.8R/I:

Section 8 detail

SAFMR: $1,010Rent: $720Gap: 40.3%
ZIP code breakdown4 ZIP codes
ZIPMedian home valueRent (FMR 2BR)Gross yieldBuy Box scoreSection 8 gap
470430.3
47011$183,200$1,0106.6%40.3%
47020
47038$183,200$9806.4%36.1%

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Demographics

Owner-occupied

79.8%

Census ACS

Vacancy rate

11.4%

Census ACS

Bachelor's degree +

10.0%

Census ACS

Rent burdened

33.0%

Census ACS (>30% income)

Median age

42.1

Census ACS

Data sources
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