Housing market/Indiana/ZIP 47331
ZIP 47331 Connersville, Wayne County, Indiana
Wayne County, IN · Indiana. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.
ZIP brief
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HUD schedule, ACS stock, and the 90–110% band for ZIP 47331 · IN — sent to you.
ZIP 47331 · IN
ACS rent vs 2BR SAFMR
ZIP 47331 — Connersville, IN HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 47331
- 1-unit detached8,41279.2%
- 1-unit attached1181.1%
- 2–4 units8367.9%
- 5–49 units4914.6%
- 50+ units1971.9%
- Mobile5715.4%
2–4 unit share 7.9% · 5–49 unit share 4.6% · combined 2–49 12.5%.
Units by bedrooms
Rent burden
- ACS median gross rent $777 (all bedrooms, occupied rentals).
- Median contract rent $583.
- Renters paying ≥30% of income 48.9%; ≥50% 24.7%.
- FY2027 2BR SAFMR $1,010 (1.300× ACS median gross rent).
Population
22,769 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: +1.2%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 3 projects, 176 units.
- HUD project-based assisted MF: 3 properties, 180 assisted units.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 0 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.
Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.
What the data shows
ZIP 47331 30.0% of occupied households are renters; vacancy is 13.3%; ACS median gross rent is $777; population increased +1.2% between the 2018 and 2023 ACS vintages; the housing stock includes 836 units in 2–4-unit structures and 491 units in 5–49-unit structures; 3 LIHTC projects totaling 176 units; FY2027 2BR SAFMR is $1,010 versus ACS median gross rent of $777. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.
Indiana research
ZIP 47331 is a Census / HUD profile for Wayne County, IN. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 47331 — Connersville, IN HUD Section 8 Payment Standards / SAFMR·Indiana ZIP directory
Nearby ZIPs in this FMR area
Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Indiana research. Brokerage is Georgia.
FAQ
What is the housing market like in ZIP 47331?
ZIP 47331 (Wayne County, IN) has 22,769 residents, 9,212 households, a renter share of 30.0%, median household income of $56,530, and ACS 2023 median gross rent of $777. Vacancy is 13.3%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 47331?
ACS counts 341 units in 2-unit buildings, 495 in 3–4 unit buildings, 147 in 5–9, 188 in 10–19, and 156 in 20–49. Combined 2–49 unit stock is 1,327 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 47331?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,010. See the full schedule and 90–110% payment-standard band on the ZIP 47331 — Connersville, IN HUD Section 8 Payment Standards / SAFMR.
Does this Indiana ZIP profile include Georgia listings?
No. ZIP 47331 is Census / HUD research for Wayne County, IN. Jeff Crowe CRE does not list Indiana property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.