The story of this market
The typical home in ZIP 47283 sells for about $184,000, or $115 per square foot.
Prices are up +2.2% from a year ago, so sellers still have some momentum. Homes take about 68 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $710 a month.
ZIP 47283 — Westport
The housing market in 47283 is characterized by low inventory and steady, modest price appreciation consistent with rural Indiana trends. Demand remains stable, driven by local residents and those seeking affordable housing, though the limited number of sales reflects the small size of the market.
This ZIP is best suited for families and individuals seeking affordable, quiet, rural living who are comfortable with a car-dependent lifestyle and commuting to nearby regional employment hubs.
Median prices moved up 2.2% year over year.
Homes spend a median of 68 days on market with 6.0 months of supply — a balanced-paced market.
8% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 7.4% · poverty 13.4% — 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 7.6%/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 5.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 47283, Decatur 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 the Westport area are generally low, consistent with rural Decatur County trends and significantly below state and national averages.
Schools serving the area are part of the Decatur County Community School Corporation, which maintains a rural, community-focused educational environment.
The area is primarily at risk for localized flooding near Sand Creek; wildfire risk is low, and standard property insurance coverage is generally available.
Economic momentum is driven by local agriculture and small-scale manufacturing, with limited new large-scale infrastructure development currently reported.
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.
Commutes are primarily car-dependent, with residents typically driving to employment centers in Greensburg or Columbus via state highways.
Local recreation includes access to small community parks and rural outdoor spaces, with limited commercial shopping and dining options within the immediate 3-mile radius.
The rental market is limited in depth, consisting mostly of single-family homes with low turnover and minimal short-term rental presence.
The local economy is anchored by agricultural operations and small-scale manufacturing, with many residents commuting to larger employers in Greensburg and Columbus.
Transportation is entirely reliant on private vehicles, with no public transit infrastructure serving the rural ZIP code.
There are no major large-scale commercial or residential developments currently approved or under construction in this ZIP.
The Decatur County Assessor manages property valuations using a mass appraisal system based on annual market adjustments.
Parcels are subject to Decatur County Community School Corporation taxes and local township fire and library district levies.
Property insurance premiums are stable, reflecting the low-density rural environment and lack of significant natural hazard exposure.
Data retrieved from 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.
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.