The story of this market
The typical home in ZIP 47392 sells for about $107,664, or $107 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 87 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $950 a month.
ZIP 47392 — Webster
The housing market in 47392 is characterized by very low inventory and minimal sales activity, typical of a small rural community. Prices have seen modest year-over-year growth, driven by limited supply rather than high demand. The market remains stable with little development pressure or significant economic shifts.
This ZIP code is best suited for individuals or families seeking a quiet, rural lifestyle who are comfortable with a car-dependent commute to nearby regional employment centers.
Median prices moved up 2.1% year over year.
Homes spend a median of 87 days on market with 6.0 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.0% · poverty 5.8% — 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 2.7%/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 2.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 47392, 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.
The area is served by the Wayne County school system, which provides standard public education options typical of rural Indiana communities.
The area is subject to standard Midwestern weather risks, including seasonal thunderstorms and occasional high winds; flood risk is generally low but varies by specific parcel location.
Economic momentum is limited due to the small, rural nature of the ZIP code, with most employment and infrastructure support derived from the broader Wayne County economy.
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 Richmond or other parts of Wayne County.
Recreational opportunities are largely rural, with access to local parks and open spaces within a short drive, though major shopping and entertainment districts are located in neighboring cities.
The rental market is very limited due to the small housing stock, with low turnover and minimal investor activity.
The local economy is primarily driven by agriculture and small-scale local services, with larger industrial and retail employers located in the nearby city of Richmond.
Transportation is entirely reliant on private vehicles, with no public transit infrastructure serving this rural ZIP code.
There are no major commercial or residential developments currently approved or under construction within the ZIP code boundaries.
The Wayne County Assessor manages property valuations, utilizing a cyclical reassessment process to determine taxable values.
Parcels are subject to Wayne County property tax levies, which include funding for local school districts and county-wide services.
Property insurance premiums are consistent with rural Indiana standards, with primary exposure risks related to wind and storm damage.
Data retrieved from US Census Bureau 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.
Small community green spaces serving the immediate Webster area.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.