The story of this market
The typical home in ZIP 47383 sells for about $115,000, or $78 per square foot.
Prices are up +2.1% 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 $824 a month.
ZIP 47383 — Selma
The housing market in 47383 remains stable with low inventory and modest price appreciation. Market activity is driven by local demand rather than speculative investment, resulting in a slow but steady pace of sales. The area's affordability remains its primary draw for residents.
This ZIP is best suited for budget-conscious families and long-term residents seeking a low cost of living in a quiet, small-town environment. It is less attractive to investors or those requiring proximity to major urban employment centers.
Median prices moved up 2.1% year over year.
Homes spend a median of 62 days on market with 4.8 months of supply — a balanced-paced market.
12% 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 4.2% · poverty 10.5% — 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 5.3%/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 3.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 47383
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 Union City are generally consistent with regional averages for small rural Indiana towns, with property crime being the primary concern. Local law enforcement maintains a stable presence, though residents often report feeling safe in residential neighborhoods.
Schools serving the area are part of the Randolph Eastern School Corporation, which provides standard public education services. Performance metrics are generally aligned with state averages for rural districts.
The area faces standard Midwestern climate risks, including occasional severe thunderstorms and high winds. Flood risk is generally low, though localized drainage issues can occur in older sections of the city.
Economic momentum is modest, with the local economy anchored by legacy manufacturing and agricultural support services. Infrastructure development is focused on maintaining existing utility and road networks rather than large-scale expansion.
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 Muncie or across the state line into Ohio. Public transit options are not available.
Local recreation is centered on city parks providing basic playground and picnic facilities. Shopping and dining options are limited to small-scale local businesses within the city limits.
The rental market is characterized by low turnover and limited inventory, primarily consisting of single-family homes and small multi-family units. Vacancy pressure remains low due to the lack of new construction.
The local economy is driven by manufacturing and agricultural services. Employment opportunities are largely concentrated in small-to-medium enterprises within Randolph County.
Transportation is entirely reliant on personal vehicles, with access to state highways serving as the primary transit corridors. No public transit infrastructure exists.
There are no major large-scale commercial or residential developments currently approved or under construction in the ZIP.
Parcels are subject to Randolph County property tax levies and the Randolph Eastern School Corporation district taxes.
Property insurance premiums are stable, reflecting the area's low exposure to catastrophic natural disasters compared to coastal regions.
Data retrieved from U.S. Census Bureau and World Population Review.
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.
- Chuck E. Cheese4.29.3 mi
- Escapades Family Fun Center410.7 mi
- Bouncyland Family Fun Center410.8 mi
- Scheumann Stadium4.69.8 mi
- Worthen Arena4.69 mi
- Minnetrista Museum & Gardens4.78.2 mi
- Muncie Dragway4.810 mi
- Delaware County Fairgrounds4.38.3 mi
- Summit Lake State Park4.68.9 mi
- AMC Muncie 124.48.4 mi
- Muncie Children's Museum4.37.7 mi
- RetroJakes Muncie4.68.8 mi
- Chuck E. Cheese4.29.3 mi
- Minnetrista Museum & Gardens4.78.2 mi
- Muncie Children's Museum4.37.7 mi
- Official Randolph County Asylum/Infirmary4.715.1 mi
- The Bob Ross Experience4.58.3 mi
- Indiana Basketball Hall of Fame4.818 mi
- Summit Lake State Park4.68.9 mi
- Minnetrista Museum & Gardens4.78.2 mi
- Westside Park4.49 mi
- Prairie Creek Reservoir Campgrounds4.31.6 mi
- Tuhey Park4.48.1 mi
- Prairie Creek Reservoir4.32.7 mi
- The Players Club at Woodland Trails4.411.5 mi
- Crestview Golf Club4.47.2 mi
- Cardinal Hills Golf Course4.52.4 mi
- Maplewood Golf Club4.26.2 mi
- Victory Laps LLC56.1 mi
- Meijer4.312 mi
- Muncie Mall3.88.2 mi
- Rural King4.410.8 mi
- Minnetrista Museum & Gardens4.78.2 mi
- T.J. Maxx4.48.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
The primary community park offering green space and recreational facilities.
A central hub for local educational and community resources.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.