The story of this market
The typical home in ZIP 46777 sells for about $270,309, or $155 per square foot.
Prices are up +8.4% from a year ago, so sellers still have some momentum. Homes take about 42 days to sell. HUD's fair market rent for a two-bedroom is $911 a month.
ZIP 46777 — Ossian
The Ossian housing market remains stable with steady price appreciation and low inventory levels. Demand is driven by buyers seeking suburban affordability within commuting distance of Fort Wayne, resulting in a competitive environment for well-priced homes.
This ZIP is ideal for families and commuters seeking a quiet, small-town atmosphere with affordable housing options while remaining within reach of Fort Wayne's urban amenities.
Median prices moved up 8.4% year over year.
Homes spend a median of 42 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 3.0% · poverty 7.1% — 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 8.0%/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 4.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 46777, Wells 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 Ossian are generally low and considered safer than the national average, with minimal reported violent crime incidents.
The area is served by the Norwell Community Schools district, which is generally well-regarded for its academic performance and community involvement.
The region faces moderate risks from severe thunderstorms and occasional high winds, with standard flood insurance requirements for properties in designated low-lying zones.
Economic momentum is driven by proximity to the Fort Wayne employment hub, with local development focused on residential expansion and small-scale commercial growth.
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 by car, with a typical drive of 20-30 minutes to reach major employment centers in Fort Wayne via I-69 or IN-1.
Local amenities include Memorial Park and various community green spaces, with access to regional shopping and dining options within a short drive to Fort Wayne.
The rental market is characterized by low vacancy rates and steady demand, with limited short-term rental activity and a primary focus on long-term residential leasing.
The local economy is supported by a mix of manufacturing, agriculture, and service-sector jobs, with many residents commuting to the larger Fort Wayne metro area for employment.
Transportation is heavily reliant on private vehicles, with major access provided by IN-1 and proximity to I-69 for regional connectivity.
Development is primarily focused on residential infill and expansion of existing subdivisions to accommodate population growth.
Parcels are subject to standard county and township tax levies, with no major special utility or hospital districts reported.
Property insurance premiums are stable, reflecting the area's low-to-moderate risk profile for natural disasters.
Data retrieved from US Census Bureau ZCTA profiles and local market reports.
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.
Primary community park featuring sports fields and walking paths.
Small historic downtown area with local businesses and eateries.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.