The story of this market
The typical home in ZIP 47369 sells for about $173,233, or $98 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 62 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $936 a month.
ZIP 47369 — Pennville
The housing market in 47369 is characterized by slow, steady growth and limited inventory, reflecting the broader rural trends of Jay County. Prices remain affordable compared to state averages, though the lack of new development and limited economic diversification keep the market in a neutral state.
This ZIP is best suited for local families and long-term residents seeking affordable housing in a quiet, rural setting, rather than investors looking for high-growth opportunities.
Median prices moved up 2.4% year over year.
Homes spend a median of 62 days on market with 4.7 months of supply — a balanced-paced market.
12% 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 1.9% · poverty 16.1% — 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 8.2%/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 47369, Jay 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 Pennville are generally low and consistent with rural Jay County trends, remaining well below state and national averages.
Public education is served by the Jay School Corporation, which provides standard rural district programming; local schools are generally rated as average.
The area faces moderate risk from severe thunderstorms and occasional high winds, with standard flood insurance requirements for properties located in designated low-lying zones.
Economic momentum is driven by local manufacturing and agricultural sectors, with limited new large-scale infrastructure projects currently underway in the immediate vicinity.
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 to nearby employment hubs in Portland or Muncie via state highway corridors.
Local recreation is centered on small community parks and proximity to rural outdoor spaces, with limited commercial shopping and dining options within the immediate 3-mile radius.
The rental market is stable with low vacancy pressure, though investor interest is limited due to modest yield potential and slow rent growth.
The local economy is anchored by manufacturing, agriculture, and small-scale retail, with most employment opportunities located in the broader Jay County area.
Transportation is entirely reliant on private vehicles, with no public transit infrastructure serving the rural geography of Pennville.
There are no major commercial or residential developments currently approved or under construction within the 47369 ZIP code.
The Jay County Assessor manages property valuations, utilizing a mass appraisal system to determine annual tax assessments.
Parcels are subject to Jay School Corporation taxes and standard county-level special service districts for fire and emergency management.
Property insurance premiums are generally stable, reflecting the low-density rural environment and moderate risk profile for natural disasters.
Data retrieved from Census Bureau ZCTA-level tables for 47369.
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.
- Pine Lake Waterpark4.711.8 mi
- Portland Waterpark4.510.1 mi
- Muncie Dragway4.816.8 mi
- Montpelier Motor Speedway4.68.2 mi
- Jay County Fairgrounds4.49.9 mi
- Pine Lake Waterpark4.711.8 mi
- Limberlost State Historic Site4.711.1 mi
- Hudson Family Park4.710.1 mi
- Loblolly Marsh Nature Preserve4.86.8 mi
- The Pickle Lounge and Northside Lanes4.212.6 mi
- Fort Recovery State Museum4.719.7 mi
- Barista and Baker4.518.8 mi
- Limberlost State Historic Site4.711.1 mi
- Hudson Family Park4.710.1 mi
- Loblolly Marsh Nature Preserve4.86.8 mi
- Sigma Phi Gamma Founders Park4.412.8 mi
- Wabash Valley Golf Club4.712.3 mi
- Dollar General3.712.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Serves as a local community and information hub.
Provides basic outdoor recreational space for local residents.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.