The story of this market
The typical home in ZIP 47234 sells for about $251,586, or $184 per square foot.
Prices are roughly flat from a year ago (0%), a market in balance. Homes take about 35 days to sell. HUD's fair market rent for a two-bedroom is $1,134 a month.
ZIP 47234 — Edinburgh
The housing market in 47234 is characterized by low transaction volume and slow price appreciation. With a median home value of approximately $252,000, the area remains accessible but presents challenges for investors due to management intensity and limited rental demand.
This ZIP is primarily suited for local residents and those seeking rural or semi-rural living, as the market shows limited investment appeal and slower price movement.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 35 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 14.4% · poverty 0.0% — a mixed stability profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 47234, Shelby County, Indiana
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
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.
The rental market in 47234 is characterized by a low renter share of 8.4% and a median rent of $1,134, with limited investment depth.
The local economy is primarily rural with limited major industrial anchors reported.
Data sourced from Repit.org 2026 market update for ZIP 47234.
- Urban Air Trampoline and Adventure Park4.417.2 mi
- Escape 8124.814.4 mi
- Upland Columbus Pump House4.414.7 mi
- Johnson County Fairgrounds4.517 mi
- Bartholomew County Fairgrounds4.216.6 mi
- Horseshoe Indianapolis Racecourse3.914.7 mi
- Hi-Way Lanes4.417 mi
- Hidden Paradise Campground48.7 mi
- Blue River Memorial Park4.610.5 mi
- Anderson Falls4.510.7 mi
- Lincoln Park4.412.7 mi
- The Skyline Drive-In4.69.3 mi
- Zaharakos4.314.4 mi
- kidscommons Columbus’ Community Children's Museum4.514.5 mi
- Atterbury-Bakalar Air Museum4.810.7 mi
- Johnson County Museum of History4.716.5 mi
- Grover Center: Museum and Historical Society4.810 mi
- Blue River Memorial Park4.610.5 mi
- Anderson Falls4.510.7 mi
- Lincoln Park4.412.7 mi
- Blue River Cross Country Course4.610.4 mi
- Richard Wigh Soccer Complex4.511.7 mi
- Otter Creek Golf Course4.511.6 mi
- Timbergate Golf Course4.49.2 mi
- Blue Bear Golf Club3.512.8 mi
- Indiana Premium Outlets4.410.9 mi
- Edinburgh Premium Outlets4.411 mi
- Rural King4.312.2 mi
- Rural King4.510 mi
- T.J. Maxx4.312.4 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.