47408 — Monroe County, Indiana Market Snapshot
Housing market data for zip code 47408 in Monroe County, Indiana. Updated monthly with median prices, days on market, and more.
Limited Sales Data
Only 6 homes sold in this ZIP code during the selected period. Statistics may not be representative. See the Monroe County county page for broader data.
Market Sales Data
6 sales in 2026 (year to date)
Median Sale Price
$312,500
Days to Sell
83
Homes Sold
6
Inventory
10
Conforming Loan Available
Most homebuyers in 47408 can comfortably use conventional financing. The median home price of $312,500 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
With homes sitting for 83 days on average, 47408 favors buyers. There may be opportunities to negotiate below asking price or request seller concessions for closing costs or rate buydowns.
Conforming Loan Feasibility
Most homebuyers in 47408 can comfortably use conventional financing. The median home price of $312,500 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 47408 are set at the county level.
2026 Loan Limits — Monroe County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 47408
To purchase the median home at $312,500 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,544.
Monthly Payment
$2,544
Income Required
$109,041
Principal & Interest
$1,926/mo
Down Payment (5%)
$15,625
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 47408.
Estimated Monthly Payment
$2,084
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