The story of this market
The typical home in ZIP 47240 sells for about $268,652, or $145 per square foot.
Prices are up +5.1% from a year ago, so sellers still have some momentum. Homes take about 51 days to sell. HUD's fair market rent for a two-bedroom is $871 a month.
ZIP 47240 — Greensburg
The Greensburg housing market remains competitive with steady year-over-year price growth and healthy demand. While inventory is limited, the market is supported by a stable local economy and consistent interest from family buyers. Some figures, such as specific price-cut percentages, were not explicitly published for this ZIP and are omitted.
This ZIP is well-suited for families and commuters seeking a balance of affordability and small-town living, with enough local amenities to support a stable, long-term residential lifestyle.
Median prices moved up 5.1% year over year.
Homes spend a median of 51 days on market with 3.2 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 98.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.0% · poverty 9.5% — 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 7.9%/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 4.3%/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 47240, Decatur County IN
Crime rates in Greensburg are generally lower than the national average, with property crime being the most frequently reported incident type. The area is considered relatively safe compared to larger urban centers in Indiana.
Schools serving the 47240 area are primarily managed by the Greensburg Community School Corporation, which maintains a stable reputation for academic performance and community engagement.
The region faces moderate risks from severe thunderstorms and occasional high winds, with localized flood risks near low-lying areas and water bodies like Lake Santee.
Economic momentum is driven by manufacturing and automotive-related industries, with ongoing infrastructure improvements supporting local business expansion.
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.
Commuting is primarily car-dependent, with US-421 and I-74 serving as the main arteries for travel toward Indianapolis and other regional employment hubs.
The area features access to Lake Santee for water recreation, several local parks, and a variety of community-focused shopping and dining options in the downtown district.
The rental market is characterized by moderate demand and limited vacancy, with a mix of long-term residential rentals and some vacation-oriented properties near Lake Santee.
The economy is anchored by manufacturing, particularly in the automotive sector, with several major employers providing a stable job base for the region.
Transportation is primarily via private vehicle, with I-74 providing critical access to the broader Indianapolis metropolitan area.
Development is focused on infill residential projects and the expansion of utility infrastructure to accommodate new housing demand.
The Decatur County Assessor manages property valuations, utilizing a mass appraisal system to ensure equitable tax distribution across the county.
Parcels are subject to local school district taxes and county-level levies for public services and infrastructure maintenance.
Property insurance premiums are generally stable, though homeowners should account for potential coverage adjustments related to regional weather risks.
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.
- Rush To Escape517.4 mi
- Hidden Paradise Campground49 mi
- Rebekah Park4.71.5 mi
- Decatur County Park4.42.8 mi
- Parkside Lanes4.62.9 mi
- Whitewater Canal State Historic Site4.519.3 mi
- Metamora Grist Mill4.519.3 mi
- Grover Center: Museum and Historical Society4.819.7 mi
- Rebekah Park4.71.5 mi
- Decatur County Park4.42.8 mi
- North Branch Golf Course4.38.2 mi
- Rural King4.40.4 mi
- Greensburg Plaza Shopping Center4.10.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A private lake community offering boating, fishing, and swimming.
Historic district featuring local shops, restaurants, and the famous tree-growing courthouse tower.
Deterministic aggregate of 1 researched property in this ZIP (latest reading each) — each property weighs one; per point, properties lacking the value are excluded. Property-level records (taxes, scores, permits) never roll individually.
No county-record distress flags across 1 researched property on the ARED base layer. Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).