The story of this market
The typical home in ZIP 47373 sells for about $170,000.
Prices are up +95.3% from a year ago, so sellers still have some momentum. Homes take about 16 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,233 a month.
ZIP 47373 — Redkey
The housing market in ZIP 47373 is characterized by low-volume, high-volatility pricing, largely influenced by a very small sample size of transactions. The market is currently experiencing low inventory levels, and properties that do move are typically selling near the asking price, suggesting a localized equilibrium despite the low transaction count.
Best suited for long-term residents and those seeking affordable, quiet rural living; less suitable for commuters requiring proximity to major urban employment cores.
Median prices moved up 95.3% year over year.
Homes spend a median of 16 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 99.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.1% · poverty 32.9% — a mixed stability profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 47373, 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.
Local crime data is not reported as a statistically significant regional trend; the area is generally characterized as a quiet, rural-residential environment.
Prevailing public schools serving the area are considered convenient, though the small population size limits the diversity of local educational infrastructure.
The area faces standard Midwestern climate risks, including seasonal wind events and localized precipitation-related flood concerns, consistent with Jay County geography.
Development momentum is minimal; the area remains a stable, established residential community with little new commercial or industrial expansion 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.
Highly car-dependent; limited public transit options exist, requiring residents to rely on private vehicles for employment commutes.
Features a quiet, rural atmosphere with access to small-town parks and nearby county-level natural areas.
Minimal depth; vacancy pressure is generally low, with very limited investor or short-term rental activity.
The economy is a mix of agricultural support, light manufacturing, and service-oriented employment common to the East Central Indiana region.
No major large-scale industrial or infrastructure projects currently identified in the immediate ZIP.
Parcels are subject to Jay County school and township taxing jurisdictions.
Standard property insurance posture for rural Indiana; generally stable but sensitive to regional storm and wind claims.
Data retrieved from census.gov and local market reports.
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.
- Portland Waterpark4.511.7 mi
- Chuck E. Cheese4.215.5 mi
- Escapades Family Fun Center417 mi
- Bouncyland Family Fun Center416.6 mi
- Scheumann Stadium4.616.1 mi
- Worthen Arena4.616 mi
- Minnetrista Museum & Gardens4.715.3 mi
- Muncie Dragway4.87.9 mi
- Delaware County Fairgrounds4.315.4 mi
- Hudson Family Park4.711.5 mi
- Minnetrista Museum & Gardens4.715.3 mi
- Muncie Children's Museum4.316 mi
- Official Randolph County Asylum/Infirmary4.717.3 mi
- The Bob Ross Experience4.515.6 mi
- Owsley Museum of Art4.816.5 mi
- Hudson Family Park4.711.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Local community parks providing basic recreational space.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.