The story of this market
The typical home in ZIP 47346 sells for about $146,000, or $108 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 42 days to sell. HUD's fair market rent for a two-bedroom is $694 a month.
ZIP 47346 — Hagerstown
The housing market in 47346 remains stable with low inventory and modest price appreciation. Demand is driven by local buyers seeking affordability, though limited sales volume reflects the tight supply typical of this rural market.
This ZIP is ideal for families and individuals seeking an affordable, quiet small-town lifestyle with a lower cost of living compared to nearby urban centers.
Median prices moved up 2.4% year over year.
Homes spend a median of 42 days on market with 4.5 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 97.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.4% · 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 5.8%/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
in-migration and out-migration balanced
ZCTA 47346, Wayne 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 Hagerstown are generally low and consistent with rural Indiana trends, with property crime being the primary concern compared to violent crime.
The area is served by the Nettle Creek School Corporation, which maintains a small-town educational environment with moderate performance ratings.
The region faces standard Midwestern risks including severe thunderstorms and occasional high winds, with localized flood risks near small creek beds.
Economic momentum is stable, driven by local manufacturing and proximity to larger employment hubs in Richmond and the Indianapolis metro periphery.
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 residents typically driving 15-20 minutes to reach employment centers in Richmond or utilizing US-35 for regional access.
Local amenities include Memorial Park and proximity to rural outdoor spaces, with basic shopping and dining options available within the town center.
The rental market is characterized by low inventory and steady demand from local workers, with limited turnover and minimal short-term rental presence.
The local economy is anchored by manufacturing and agricultural support services, with significant employment ties to the broader Wayne County industrial base.
Transportation is dominated by private vehicle use, with US-35 serving as the primary arterial road connecting the town to regional transit networks.
Development is currently focused on small-scale residential infill and maintenance of existing infrastructure rather than large-scale commercial expansion.
The Wayne County Assessor manages property valuations, utilizing a cyclical reassessment process to ensure tax equity across the county.
Parcels are subject to Nettle Creek School Corporation taxes and standard county-level service districts.
Property insurance premiums are generally stable, reflecting the area's low exposure to major natural disasters compared to coastal regions.
Data retrieved from data.census.gov 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.
Central community park offering playgrounds and open green space.
Local history museum showcasing the town's heritage.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.