Housing data for ZIP code 47868

Name: Housing in ZIP code 47868, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

ZIP code 47868 has an estimated 2,666 residents and 1,597 homes (US Census Bureau, 2020–2024 American Community Survey).

Most of its land lies in Morgan Township (Owen County), Owen County.

21.6% of households rent.

The median gross rent is $939 (±$54) a month.

The median home value is $159,500 (±$21,485).

The median household income is $51,409 (±$4,291) a year.

Figures last updated on November 12, 2026.

Residents: 2,666 (±510)
Median gross rent: $939
Median home value: $159,500
Households that rent: 21.6%

How ZIP code 47868 compares

Estimate (90% margin of error)
	ZIP 47868	Morgan Township (Owen County)	Owen County	Indiana	United States
Residents	2,666 (±510)	945	21,604	6,851,073	334,922,499
Housing units	1,597 (±243)	583	9,918	2,976,568	143,775,355
Households that rent	21.6% (±9.3 points)	6.4%	18.6%	29.4%	34.8%
Median gross rent	$939 (±$54)	—	$911	$1,062	$1,413
Median home value	$159,500 (±$21,485)	$169,600	$172,400	$218,200	$332,700
Median household income	$51,409 (±$4,291)	$52,455	$62,464	$71,957	$80,734
Median real estate taxes (a year)	$903 (±$96)	$1,070	$1,145	$1,614	$3,119
Renters paying 30% or more of income	37.0% (±32.9 points)	—	37.4%	48.1%	51.1%
Built before 1980	37.8% (±10.9 points)	27.1%	47.5%	55.0%	49.7%
Average commute	42.8 minutes (±7.0)	42.2 minutes	35.5 minutes	24.1 minutes	26.4 minutes
Households with broadband	75.1% (±8.3 points)	82.1%	81.2%	89.9%	91.0%
Median age of residents	46.9 years (±9.8)	52.3 years	45.0 years	38.1 years	38.9 years

In ZIP 47868, median gross rent is not measurably different from Owen County ($911).

It is also lower than in Indiana ($1,062).

It is lower than the national figure ($1,413).

Its median home value is not measurably different from Morgan Township (Owen County) as a whole ($169,600).

Among the 6 ZIP codes in Owen County with a published estimate, ZIP 47868 ranks 3 from highest to lowest median gross rent.

Among the 6 ZIP codes in Owen County with a published estimate, ZIP 47868 ranks 5 from highest to lowest median home value.

Among the 6 ZIP codes in Owen County with a published estimate, ZIP 47868 ranks 6 from highest to lowest median household income.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

Rent in ZIP code 47868

Share of rented homes in each gross-rent range, 2020–2024
Monthly gross rent	ZIP 47868	Owen County	Indiana	United States
Less than $500	0.0% (±15.2 points)	12.8%	7.1%	6.3%
$500 to $999	79.3% (±23.7 points)	50.8%	36.9%	20.2%
$1,000 to $1,499	20.7% (±23.7 points)	29.1%	38.5%	28.1%
$1,500 to $1,999	0.0% (±15.2 points)	7.3%	12.0%	21.1%
$2,000 to $2,499	0.0% (±15.2 points)	0.0%	3.6%	12.0%
$2,500 to $2,999	0.0% (±15.2 points)	0.0%	1.0%	5.5%
$3,000 or more	0.0% (±15.2 points)	0.0%	0.9%	6.8%

The most common range is $500 to $999, paid by 79.3% of renting households.

Rent by bedrooms in ZIP code 47868

Median gross rent by number of bedrooms, estimate (90% margin of error)
Bedrooms	Census median
2 bedrooms	$842 (±$236)
3 bedrooms	$943 (±$73)

Rent burden in ZIP code 47868

Renting households by gross rent as a percentage of household income, 2020–2024
Share of income spent on rent	ZIP 47868	Owen County	Indiana	United States
Less than 15%	5.3% (±9.6 points)	19.5%	14.1%	12.6%
15% to 19.9%	16.7% (±17.8 points)	14.1%	13.6%	12.2%
20% to 24.9%	23.3% (±24.5 points)	19.6%	12.9%	12.6%
25% to 29.9%	17.6% (±24.7 points)	9.3%	11.4%	11.5%
30% to 34.9%	0.0% (±15.2 points)	2.4%	9.2%	9.2%
35% or more	37.0% (±29.2 points)	35.0%	38.9%	41.9%

37.0% (±32.9 points) of renting households in ZIP code 47868 spend 30% or more of their income on gross rent.

Home values in ZIP code 47868

Owner-occupied homes by value, 2020–2024
Value	ZIP 47868	Owen County	Indiana	United States
Less than $50,000	9.5% (±6.1 points)	8.9%	6.0%	5.3%
$50,000 to $99,999	19.1% (±8.8 points)	14.7%	10.1%	6.1%
$100,000 to $149,999	15.9% (±9.6 points)	16.2%	12.7%	6.8%
$150,000 to $199,999	28.8% (±9.7 points)	19.9%	15.8%	9.0%
$200,000 to $299,999	9.3% (±5.9 points)	20.1%	25.1%	17.8%
$300,000 to $499,999	14.8% (±9.3 points)	16.2%	21.8%	26.9%
$500,000 to $999,999	2.7% (±3.0 points)	2.6%	7.3%	20.9%
$1,000,000 or more	0.0% (±3.9 points)	1.5%	1.2%	7.1%

Value is the owner’s own estimate of what the home and lot would sell for, not a sale price or an assessment.

The homes in ZIP code 47868

Housing units by units in structure, 2020–2024
Building type	ZIP 47868	Owen County	Indiana	United States
Single-family, detached	71.8% (±8.2 points)	78.4%	72.6%	61.3%
Single-family, attached (townhouse, rowhouse)	0.0% (±2.3 points)	1.4%	3.9%	6.2%
2 units	0.0% (±2.3 points)	0.8%	2.3%	3.4%
3 or 4 units	0.0% (±2.3 points)	1.4%	3.7%	4.3%
5 to 9 units	0.9% (±1.5 points)	1.4%	4.6%	4.5%
10 to 19 units	0.0% (±2.3 points)	0.2%	3.4%	4.3%
20 or more units	2.5% (±3.7 points)	1.0%	5.0%	10.3%
Mobile home	24.8% (±7.9 points)	15.0%	4.4%	5.6%
Boat, RV, van, etc.	0.0% (±2.3 points)	0.3%	0.0%	0.1%

When the homes in ZIP code 47868 were built

Housing units by year structure built, 2020–2024
Year built	ZIP 47868	Owen County	Indiana	United States
2020 or later	2.4% (±2.3 points)	2.4%	1.7%	2.0%
2010 to 2019	10.8% (±6.8 points)	7.1%	8.0%	9.4%
2000 to 2009	7.5% (±4.9 points)	11.5%	12.3%	13.6%
1990 to 1999	21.7% (±8.4 points)	18.3%	13.6%	12.4%
1980 to 1989	19.8% (±7.9 points)	13.2%	9.5%	12.9%
1970 to 1979	10.0% (±5.0 points)	10.3%	13.1%	14.2%
1960 to 1969	11.1% (±6.4 points)	10.0%	10.5%	9.9%
1950 to 1959	1.6% (±2.0 points)	6.5%	10.2%	9.5%
1940 to 1949	1.4% (±2.1 points)	5.1%	5.2%	4.4%
1939 or earlier	13.7% (±6.7 points)	15.6%	16.0%	11.7%

37.8% of the homes in ZIP code 47868 were built before 1980, so many fall under the federal lead-paint disclosure rules for homes built before 1978.

Heating fuel in ZIP code 47868

Occupied housing units by house heating fuel, 2020–2024
Fuel used most	ZIP 47868	Owen County	Indiana	United States
Utility gas	11.8% (±7.2 points)	25.9%	58.6%	46.5%
Fuel oil, kerosene, etc.	0.5% (±0.8 points)	0.4%	0.5%	3.9%
Electricity	45.1% (±10.8 points)	35.6%	31.2%	41.3%
Bottled or tank gas (propane)	18.3% (±6.8 points)	23.9%	7.2%	4.9%
Wood	17.2% (±8.2 points)	12.0%	1.5%	1.4%
Solar energy	0.0% (±3.0 points)	0.2%	0.1%	0.3%
Coal or coke	0.0% (±3.0 points)	0.2%	0.1%	0.1%
Other fuel	7.1% (±6.1 points)	1.7%	0.4%	0.5%
No fuel used	0.0% (±3.0 points)	0.2%	0.5%	1.2%

How people in ZIP code 47868 get to work

Workers 16 and over by means of transportation to work, 2020–2024
Means of transportation	ZIP 47868	Owen County	Indiana	United States
Drove alone	75.6% (±10.0 points)	78.3%	76.3%	68.8%
Carpooled	12.5% (±8.1 points)	9.3%	9.1%	8.5%
Public transportation	0.0% (±3.0 points)	0.0%	0.6%	3.2%
Walked	0.0% (±3.0 points)	1.9%	1.9%	2.4%
Other means (bicycle, taxi, motorcycle)	0.7% (±1.3 points)	0.7%	1.4%	2.0%
Worked from home	11.1% (±6.9 points)	9.8%	10.7%	15.1%

Workers who live in ZIP code 47868 take an average of 42.8 minutes to get to work.

Places in ZIP code 47868

Places whose land overlaps this ZIP code, with the share of the ZIP’s land in each
Place	Share of the ZIP’s land in this place	Median gross rent	Households that rent
Morgan Township (Owen County)	39%	—	6.4%
Jackson Township (Owen County)	35%	$954	31.0%

A township or a New York town includes the villages inside it, so their shares can add up to more than the whole.

ZIP codes near 47868

Nearest ZIP codes with Census figures, by straight-line distance between their internal points
ZIP code	Distance	Median gross rent	Median home value	Median household income	Households that rent
47833	5.3 mi	—	$192,200	$67,679	20.1%
47455	7.4 mi	—	—	—	0.0%
46171	8.5 mi	—	$287,100	$83,607	9.9%
47840	8.5 mi	$742	$170,000	$102,991	15.0%
46120	9.2 mi	$825	$171,400	$59,970	24.3%
47460	11 mi	$853	$193,000	$68,447	18.9%
47431	11 mi	$742	$163,500	$61,948	11.1%
47456	12 mi	$958	$179,400	$69,896	4.2%

ZIP code 47868 is reported as ZIP Code Tabulation Area 47868: the Census Bureau’s area built from census blocks to match the ZIP code’s delivery area as closely as it can.

Survey years: 2020–2024 (American Community Survey 5-year estimates).

Margins of error are at the 90% confidence level.

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Questions about ZIP 47868

What is the median rent in ZIP code 47868?

The median gross rent in ZIP Code Tabulation Area 47868 is $939 (±$54) a month (2020–2024 American Community Survey).

What is the median home value in ZIP code 47868?

The median value of owner-occupied homes in ZIP code 47868 is $159,500 (±$21,485) (2020–2024 American Community Survey).

What is the median household income in ZIP code 47868?

The median household income in ZIP code 47868 is $51,409 (±$4,291) a year (2020–2024 American Community Survey).

What town is ZIP code 47868 in?

Most of ZIP code 47868’s land lies in Morgan Township (Owen County); it also covers Jackson Township (Owen County).

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for ZCTA5 47868 (zip code tabulation area:47868).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The API needs a free key.

Request a Census API key.

DP05_0001E, DP05_0001M, DP04_0134E, DP04_0134M, DP04_0089E, DP04_0089M, DP03_0062E, DP03_0062M, DP04_0047PE, DP04_0047PM

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.