The story of this market
The typical home in ZIP 46701 sells for about $215,000, or $138 per square foot.
Prices are roughly flat from a year ago (0%), a market in balance. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $850 a month.
ZIP 46701 — Albion
The housing market in 46701 is currently stable, characterized by low inventory and moderate price growth. Demand remains consistent among local buyers, though the limited supply of homes keeps the market balanced. Overall, the area reflects a steady, slow-growth environment typical of rural Indiana.
This ZIP is well-suited for families and individuals seeking a quiet, rural lifestyle with affordable housing options and proximity to state-level outdoor recreation.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 45 days on market with 3.2 months of supply — a fast-moving market.
12% 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 4.3% · poverty 5.5% — 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 7.2%/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 4.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 46701, Noble County IN
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in the Albion area remain relatively low compared to national averages, with property crime being the primary concern in this rural setting.
The area is served by the Central Noble Community School Corporation, which generally maintains stable performance ratings within the regional context.
The region faces standard Midwestern climate risks, including seasonal severe thunderstorms and occasional winter weather impacts; flood risk is localized to specific low-lying areas near water bodies.
Economic momentum is driven by local manufacturing and agricultural sectors, with steady but modest development occurring in the county seat of Albion.
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 typically rely on personal vehicles for commuting, with travel times to regional employment hubs like Fort Wayne averaging 30 to 45 minutes.
The area features access to Chain O'Lakes State Park, offering extensive hiking, fishing, and boating opportunities, alongside local community parks in Albion.
The rental market is characterized by low inventory and steady demand from local workers, with limited new multi-family construction.
The local economy is anchored by manufacturing, agriculture, and public sector employment within Noble County.
Transportation is primarily highway-based, with State Road 9 serving as a key corridor for regional connectivity.
Development is focused on small-scale residential infill and maintenance of existing infrastructure.
The Noble County Assessor manages property valuations based on annual market adjustments and cyclical reassessments.
Parcels are subject to levies from the Central Noble Community School Corporation and local municipal taxing units.
Property insurance premiums are generally stable, reflecting the area's low-to-moderate risk profile for natural disasters.
Data retrieved from US Census Bureau ZCTA-level tables.
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.
- Country Heritage Winery4.613.5 mi
- Crazy Pinz Entertainment Center4.219.8 mi
- Oakwood Resort4.516.7 mi
- Allen County Fairgrounds / Allen County Fair4.417.3 mi
- Union 124.716.7 mi
- Chain O’ Lakes State Park4.63.1 mi
- Black Pine Animal Sanctuary4.72.6 mi
- Gene Stratton-Porter State Historic Site4.88.4 mi
- Delt Church Park4.812.4 mi
- Dallas Lake Park4.612.1 mi
- Auburn Cord Duesenberg Automobile Museum4.918.7 mi
- Gene Stratton-Porter State Historic Site4.88.4 mi
- National Auto & Truck Museum4.818.7 mi
- Early Ford V-8 Museum517.2 mi
- Mid-America Windmill Museum4.610.4 mi
- Chain O’ Lakes State Park4.63.1 mi
- Black Pine Animal Sanctuary4.72.6 mi
- Gene Stratton-Porter State Historic Site4.88.4 mi
- Delt Church Park4.812.4 mi
- Dallas Lake Park4.612.1 mi
- Patona Bay Marina and Resort4.619.1 mi
- Main Channel Marina4.416.8 mi
- Main Channel Marina4.813.2 mi
- Noble Hawk Golf Links4.59.2 mi
- Cobblestone Golf Course4.47 mi
- Rural King4.410.4 mi
- Wolf's Giant Animal Swap Meet4.57.2 mi
- Dollar General4.110.8 mi
- Fort Wayne International Airport4.229.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major regional attraction featuring nine connected lakes for boating and fishing.
The historic center of the town providing local services and community events.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.