The story of this market
The typical home in ZIP 47124 sells for about $344,900, or $174 per square foot.
Prices are down 15.8% from a year ago, which gives buyers more room to negotiate. Homes take about 87 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,163 a month.
ZIP 47124 — Greenville
The 47124 housing market is currently experiencing a period of price stabilization following recent volatility. While inventory remains tight, the market is seeing a slight cooling in demand, reflected in longer days on market and a moderate year-over-year price adjustment.
This ZIP is well-suited for families and commuters seeking a suburban or semi-rural lifestyle within reach of the Louisville metro area, offering larger lot sizes and higher household incomes compared to surrounding rural ZIPs.
Median prices moved down 15.8% year over year.
Homes spend a median of 87 days on market with 6.0 months of supply — a balanced-paced market.
24% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.4% · poverty 3.4% — 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 5.4%/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 5.5%/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 47124, Floyd 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.
Schools serving the area are generally considered stable, though specific ratings vary by district and individual school performance.
The area is subject to standard Midwestern weather risks, including severe thunderstorms and occasional wind events; flood risk is localized.
The area benefits from its proximity to the Louisville metropolitan employment core, with residential development continuing to expand in the Floyd County periphery.
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 toward the Louisville/Jefferson County metropolitan area, with travel times varying based on highway traffic.
The area offers access to rural landscapes, local parks, and proximity to regional shopping and dining hubs in nearby Floyd County communities.
The rental market is characterized by moderate demand, with limited inventory and a mix of single-family rentals and some multi-family options.
The local economy is tied to the broader Louisville/Jefferson County metropolitan area, with a mix of service, retail, and professional sectors.
Transportation is primarily highway-dependent, with access to regional corridors connecting to Louisville.
Residential development remains the primary focus, with ongoing suburban expansion in the Floyd County area.
Floyd County utilizes a standard assessment process based on market value, with annual adjustments to reflect current real estate trends.
Parcels are subject to local school district taxes and county-level service assessments.
Property insurance premiums are influenced by regional weather patterns and standard risk assessments for the Midwest.
Indiana is a judicial foreclosure state, requiring court intervention for the foreclosure process.
Sellers are required to provide a standard residential real estate disclosure form detailing the condition of the property.
Data retrieved from U.S. Census Bureau ACS and DHC datasets.
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.
Local community park providing green space and recreational facilities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.