The story of this market
The typical home in ZIP 47272 sells for about $131,600, or $105 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 80 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $919 a month.
ZIP 47272 — St. Paul
The housing market in 47272 remains stable with low inventory and modest price growth. Demand is driven by local residents seeking affordable housing, though limited new construction keeps the market quiet.
This ZIP is best suited for families and individuals seeking a quiet, rural lifestyle with lower housing costs compared to major metropolitan centers.
Median prices moved up 2.5% year over year.
Homes spend a median of 80 days on market with 4.5 months of supply — a balanced-paced 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 1.1% · poverty 5.9% — 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 3.3%/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 2.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 47272
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.
Residents primarily rely on personal vehicles for commuting to regional employment hubs in nearby cities.
The area features rural landscapes with access to local parks and community-based outdoor recreation.
The rental market is characterized by limited inventory and stable demand, primarily serving local residents.
The local economy is primarily supported by agriculture and small-scale manufacturing.
Transportation is dominated by highway access; public transit options are minimal.
No major large-scale developments are currently reported for this rural ZIP code.
Decatur County assesses property values annually based on market sales data.
Parcels are subject to local school district and county-level utility taxes.
Standard residential insurance coverage is available; hazard exposure is typical for the region.
Indiana is a judicial foreclosure state.
Sellers are required to provide a standard residential real estate disclosure form.
Data retrieved from US Census Bureau ZCTA 47272 profiles.
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 Escape516.1 mi
- Horseshoe Indianapolis Racecourse3.916.5 mi
- Hidden Paradise Campground40.9 mi
- Blue River Memorial Park4.611.1 mi
- The Skyline Drive-In4.67.7 mi
- Rebekah Park4.79.5 mi
- Studio 10 Cinemas4.310.5 mi
- Atterbury-Bakalar Air Museum4.818.8 mi
- Grover Center: Museum and Historical Society4.811.6 mi
- Blue River Memorial Park4.611.1 mi
- Blue River Cross Country Course4.610.9 mi
- Rebekah Park4.79.5 mi
- Meltzer Woods4.76.9 mi
- Kennedy Park4.411.2 mi
- Rural King4.510.5 mi
- Rural King4.47.9 mi
- Me & My Sisters Flea Market4.410.6 mi
- 44 Family Flea Market410.6 mi
- Dollar General3.911.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Local green space for community gatherings.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.