The story of this market
The typical home in ZIP 47339 sells for about $137,500, or $98 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 85 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $931 a month.
ZIP 47339 — Economy
The housing market in 47339 is characterized by low inventory and slow turnover, typical of a rural, stable population base. Prices remain affordable compared to national averages, with limited new development activity driving a stagnant but balanced market.
This ZIP is best suited for long-term residents, retirees, or those seeking affordable rural living, as it lacks the density and amenities preferred by commuters or urban-focused investors.
Median prices moved up 2.1% year over year.
Homes spend a median of 85 days on market with 4.2 months of supply — a balanced-paced market.
15% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.5% · poverty 16.1% — a stable, low-distress profile.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 47339
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 data for this rural ZIP is not determinable at the granular level, though it generally aligns with the low-density, rural profile of Jay County.
Schools serving this area are part of the local rural district system, which generally maintains stable but limited academic resources typical of small-town Indiana.
The area is primarily rural with standard Midwestern weather risks; flood and wildfire risks are generally low, though property insurance remains subject to regional climate trends.
Economic momentum is modest, with local officials noting a lack of significant new housing development since the 1990s, though recent plans for mixed-use projects are in early stages.
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 traveling to nearby employment hubs in Portland or Richmond via state highway corridors.
Recreation is centered on rural outdoor activities, with limited immediate access to large-scale shopping or entertainment within a 3-mile radius.
The rental market is limited in depth, characterized by low turnover and a lack of large-scale multi-family inventory.
The economy is heavily reliant on agriculture and manufacturing, with limited diversification in the immediate vicinity.
Transportation is entirely reliant on private vehicles, with no public transit infrastructure serving this rural area.
Development is stagnant, with local leadership actively seeking to initiate new housing projects to address long-term inventory shortages.
The county appraisal district follows standard Indiana assessment practices, with properties valued based on market data and state-mandated cycles.
Parcels are subject to standard township and county-level taxing districts, including local school and library levies.
Property insurance premiums are generally stable, reflecting the low-hazard environment of rural Indiana.
Net domestic migration in the region is slightly negative, consistent with broader trends in rural Indiana counties.
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 covering known material defects.
Data retrieved from Census Reporter ZCTA profile.
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.
Predominant land use providing a quiet, rural atmosphere.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.