The story of this market
The typical home in ZIP 47357 sells for about $165,000, or $112 per square foot.
Prices are up +3.2% from a year ago, so sellers still have some momentum. Homes take about 48 days to sell. HUD's fair market rent for a two-bedroom is $783 a month.
ZIP 47357 — Milton
The housing market in 47357 remains stable with low inventory and steady demand for affordable single-family homes. Prices have seen modest year-over-year growth, reflecting the broader regional trend of limited supply and consistent interest from local buyers.
This ZIP is well-suited for families and individuals seeking an affordable, quiet, small-town lifestyle with easy access to regional employment centers.
Median prices moved up 3.2% year over year.
Homes spend a median of 48 days on market with 3.5 months of supply — a fast-moving market.
15% 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 3.6% · poverty 6.7% — 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 7.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 47357, Wayne County, Indiana
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 Milton area are generally low and consistent with rural Wayne County trends, remaining well below national averages.
Schools serving the area are part of the Western Wayne Schools district, which maintains a stable, community-focused educational environment.
The area is primarily at risk for standard Midwestern weather events, including severe thunderstorms and occasional high winds; flood risk is localized to specific low-lying areas near the Whitewater River.
Economic momentum is modest, driven by local manufacturing and agricultural support services, with limited new large-scale commercial development.
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 commute by car to nearby employment hubs in Richmond or Connersville, with typical drive times ranging from 15 to 25 minutes.
The area offers access to local community parks and proximity to the Whitewater River for outdoor activities, with basic shopping and dining available in nearby Cambridge City.
The rental market is characterized by low inventory and high demand for single-family homes, with limited multi-family options available.
The local economy is anchored by manufacturing, logistics, and agricultural sectors, with significant employment ties to the broader Richmond, Indiana labor market.
Transportation is heavily reliant on personal vehicles, with US-40 serving as the primary east-west corridor for regional connectivity.
Development is currently focused on small-scale residential improvements and maintenance of existing infrastructure.
The Wayne County Assessor manages property valuations using a mass appraisal system based on annual market adjustments.
Parcels are subject to Western Wayne Schools district taxes and standard county-level service districts.
Property insurance premiums are generally stable, though coverage for wind and hail damage remains a standard consideration for homeowners.
Data retrieved from data.census.gov ZCTA 47357 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.
- New Castle Motorsports Park4.616.1 mi
- Wayne County Fairgrounds4.412.4 mi
- Natural Springs Resort - RV Park, Campground and Recreation Destination4.119.7 mi
- Golden Corral Buffet & Grill4.116.2 mi
- Firehouse BBQ and Blues4.514.4 mi
- Whitewater Valley Railroad4.67.2 mi
- Showtime Cinemas4.65.8 mi
- Whitewater Valley Railroad4.67.2 mi
- Indiana Basketball Hall of Fame4.817.2 mi
- Levi and Catharine Coffin State Historic Site4.718.6 mi
- Wilbur Wright Birthplace Museum4.615.5 mi
- Model T Museum4.814.4 mi
- Roberts Park4.55.4 mi
- Manlove Park4.33.3 mi
- Hagerstown Public Park4.611.6 mi
- Maplewood Park4.69.1 mi
- Quakertown Marina4.513.6 mi
- Bomgaars4.312.3 mi
- Dollar General49.8 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 providing recreational facilities for residents.
Provides opportunities for fishing and outdoor recreation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.