The story of this market
The typical home in ZIP 46140 sells for about $313,000, or $141 per square foot.
Prices are up +4.2% from a year ago, so sellers still have some momentum. Homes take about 30 days to sell. HUD's fair market rent for a two-bedroom is $1,154 a month.
ZIP 46140 — Greenfield
The housing market in 46140 remains stable with steady demand for single-family homes, supported by the area's affordability relative to the broader Indianapolis metro. While inventory levels are sufficient, the market is seeing moderate price appreciation driven by local economic growth and infrastructure development. Figures for specific metrics like price cuts and months of supply are based on current market activity as of August 2026.
This ZIP is ideal for families and commuters seeking a suburban lifestyle with affordable housing options and convenient access to the Indianapolis metropolitan area.
Median prices moved up 4.2% year over year.
Homes spend a median of 30 days on market with 5.4 months of supply — a fast-moving market.
14% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.7% · poverty 6.0% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 46140, Hancock County IN
Crime rates in Greenfield are generally lower than the national average, with property crime being the most frequently reported incident type.
The area is served by the Greenfield-Central Community School Corporation, which maintains a solid reputation for academic performance and extracurricular engagement.
The region faces moderate risks from severe thunderstorms and occasional flooding in low-lying areas near local creeks, with standard insurance coverage typically sufficient.
Greenfield is experiencing steady economic growth driven by its proximity to Indianapolis and expansion in the logistics and manufacturing sectors along the I-70 corridor.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Indiana) — Ad Valorem Property Assessment: Property is assessed at 100% of true tax value, determined by market-based assessment systems and annual adjustments. State (Indiana) — Standard Homestead Deduction: Removes the first $45,000 of the homestead's assessed value from taxation. State (Indiana) — Indiana Property Tax Caps (Circuit Breaker): Limits annual property tax liability to 1% of gross assessed value for principal residences, 2% for other residential property, and 3% for non-residential property.
Residents primarily commute via I-70, providing a direct 25-30 minute drive to downtown Indianapolis for employment.
The area features several community parks, the Pennsy Trail for walking and cycling, and proximity to local golf courses and shopping centers along State Road 9.
The rental market is characterized by moderate demand and a mix of single-family homes and apartment complexes, with rents showing a recent upward trajectory.
The local economy is anchored by manufacturing, logistics, and healthcare, with significant employment provided by regional distribution centers and the local school district.
Transportation is heavily reliant on personal vehicles, with I-70 serving as the primary artery for regional connectivity.
Ongoing development focuses on expanding residential subdivisions and commercial retail space along the State Road 9 and I-70 interchange.
The Hancock County Assessor's office conducts annual assessments to ensure property values reflect current market conditions.
Parcels are subject to various special districts including the Greenfield-Central Community School Corporation and local fire protection districts.
Property insurance premiums are stable, reflecting the area's relatively low risk profile for natural disasters.
Data retrieved from data.census.gov for ZCTA 46140.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
A popular multi-use trail for walking and cycling.
A central community park with sports facilities and picnic areas.
Hosts various community events and the annual county fair.
Key-figure check: median price diverges 15.3% from the nearest retained anchor (published ten-year series (2025)) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Research outlier held out — this pass returned a median of $265,000 (15.3% off the retained reading), contradicting every independent anchor; the prior reading stands pending corroboration. Validation: the flagged $265,000 (-15.3% vs the published ten-year series (2025)) could not be independently corroborated and was reverted to the prior cycle value pending review; the case is under review in the Command Center.