The story of this market
The typical home in ZIP 46036 sells for about $168,550, or $99 per square foot.
Prices are down 8.12% from a year ago, which gives buyers more room to negotiate. Homes take about 65 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,100 a month.
ZIP 46036 — Elwood
The 46036 housing market is experiencing a cooling phase with a year-over-year price decline of 8.12% and high inventory levels relative to sales volume. Market data indicates a median sale price of $168,550 as of December 2025, with homes lingering on the market for over two months. Rental data and specific tax history for this ZIP were not available in current public datasets.
Median prices moved down 8.1% year over year.
Homes spend a median of 65 days on market with 54.8 months of supply — a slower-moving market.
23% of listings have cut prices · homes sell at 93% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.5% · poverty 12.0% — a stable, low-distress profile.
ZCTA 46036
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.
Data retrieved from census.gov and Repit.org
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. Source: NCES EDGE public school locations 2023-24.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.