47804 — Vigo County, Indiana Market Snapshot
Housing market data for zip code 47804 in Vigo County, Indiana. Updated monthly with median prices, days on market, and more.
Market Sales Data
34 sales in 2026 (year to date)
Median Sale Price
$131,200
Days to Sell
12
Homes Sold
34
Inventory
23
Sale-to-List
98.0%
New Listings
41
Price/SqFt
$112
Pending Sales
34
Conforming Loan Available
Most homebuyers in 47804 can comfortably use conventional financing. The median home price of $131,200 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
47804 is an extremely competitive market with homes selling in just 12 days on average. Buyers need pre-approval letters ready before making offers.
Sale-to-List Ratio
The average home in 47804 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 47804 can comfortably use conventional financing. The median home price of $131,200 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 47804 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 47804
To purchase the median home at $131,200 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,155.
Monthly Payment
$1,155
Income Required
$49,509
Principal & Interest
$808/mo
Down Payment (5%)
$6,560
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 47804.
Estimated Monthly Payment
$962
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