HousingHandbookReference data

U.S. ZIP Code · IN47963

Newton County · Chicago-Naperville-Elgin, IL-IN

Typical home value

$191,903[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+5.4%
5-year / yr
+6.4%
10-year / yr
+7.4%

Relative price

vs U.S.
-32.4%
vs metro
-43.0%
vs state
-17.1%
ZIP 47963 location in IN
Location of ZIP 47963 in IN

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 47963 is worth $191,903 — 43.0% below the Chicago-Naperville-Elgin, IL-IN median. Over the past year, values have risen 5.4%. The effective property tax rate is 0.9%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
0.9%[3]
Typical annual tax
$1,773[3]

#Climate risk

FEMA National Risk Index ratings for Newton County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Very Low[4]
Riverine flood
Very Low
Coastal flood
Not Applicable
Wildfire
Very Low
Drought
No Rating
Heat wave
Very Low
Hurricane
Very Low
Tornado
Relatively Low
Earthquake
Very Low
Winter weather
Very Low

#Who lives here

Population
2,306[3]
Median household income
$75,000[3]

#Migration

Household moves in and out of Newton County over a year, from IRS tax-return data.

Net migration
+8[5]
Moved in
420
Moved out
412

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
2
Elementary
1
Middle
0
High
1
  • North Newton Jr-Sr High School

    High · Grades 7–12 · North Newton School Corp

    499 students

  • Morocco Elementary School

    Elementary · Grades K–6 · North Newton School Corp

    121 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield
Net yield (after ~40% expenses)
Annual rent

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$970
Loan principal$153,523
Down payment$38,381
Total interest paid$195,810

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio
Monthly cost to own$1,277
Monthly rent

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
64th percentile[1]
Rental yield
[2]
Property tax
9th percentile[3]

Frequently asked

How much is a home worth in ZIP code 47963?
The typical home in 47963 is worth $191,903, based on the Zillow Home Value Index.
Are home values rising in 47963?
Home values in 47963 are up 5.4% over the past year, and up 6.4% a year over five years.
What is the property tax rate in 47963?
The effective property tax rate in 47963 is 0.9% — roughly $1,773 a year on a typical home.
Who lives in 47963?
ZIP code 47963 has a population of 2,306 and a median household income of $75,000.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

  • University Park, IL

    Typical home
    $192,025
    Gross yield
    12.9%
  • Posen, IL

    Typical home
    $193,609
    Gross yield
  • South Wilmington, IL

    Typical home
    $193,862
    Gross yield
  • Hammond, IN

    Typical home
    $187,480
    Gross yield
    9.3%
  • Chicago, IL

    Typical home
    $187,404
    Gross yield
    13.3%
  • Lansing, IL

    Typical home
    $197,856
    Gross yield
    9.4%

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