47842 — Vermillion County, Indiana Market Snapshot
Housing market data for zip code 47842 in Vermillion County, Indiana. Updated monthly with median prices, days on market, and more.
Market Sales Data
32 sales in 2026 (year to date)
Median Sale Price
$142,700
Days to Sell
38
Homes Sold
32
Inventory
18
Sale-to-List
95.8%
New Listings
32
Price/SqFt
$101
Pending Sales
39
Conforming Loan Available
Most homebuyers in 47842 can comfortably use conventional financing. The median home price of $142,700 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
47842's market is balanced with homes taking an average of 38 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
The average home in 47842 sells for 4.2% below asking price (95.8% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 47842 can comfortably use conventional financing. The median home price of $142,700 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 47842 are set at the county level.
2026 Loan Limits — Vermillion 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 47842
To purchase the median home at $142,700 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,243.
Monthly Payment
$1,243
Income Required
$53,285
Principal & Interest
$879/mo
Down Payment (5%)
$7,135
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 47842.
Estimated Monthly Payment
$1,033
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