47803 — Vigo County, Indiana Market Snapshot
Housing market data for zip code 47803 in Vigo County, Indiana. Updated monthly with median prices, days on market, and more.
Market Sales Data
80 sales in 2026 (year to date)
Median Sale Price
$199,500
Days to Sell
27
Homes Sold
80
Inventory
48
Sale-to-List
98.0%
New Listings
117
Price/SqFt
$124
Pending Sales
105
Conforming Loan Available
Most homebuyers in 47803 can comfortably use conventional financing. The median home price of $199,500 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
Homes in 47803 are moving quickly at 27 days on market, indicating healthy buyer demand. Well-priced homes are likely seeing multiple offers.
Sale-to-List Ratio
The average home in 47803 sells for 2.0% below asking price (98.0% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 47803 can comfortably use conventional financing. The median home price of $199,500 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 47803 are set at the county level.
2026 Loan Limits — Vigo 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 47803
To purchase the median home at $199,500 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,679.
Monthly Payment
$1,679
Income Required
$71,936
Principal & Interest
$1,229/mo
Down Payment (5%)
$9,975
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 47803.
Estimated Monthly Payment
$1,385
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