The story of this market
The typical home in ZIP 46044 sells for about $214,762, or $142 per square foot.
Prices are up +267.1% from a year ago, so sellers still have some momentum. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $1,021 a month.
ZIP 46044 — Frankton
The Frankton 46044 housing market shows signs of price appreciation, though inventory remains constrained. Market activity is driven by local demand for single-family homes, with limited new construction keeping supply tight. Note that some specific metrics like active listings and days on market are based on limited sample sizes due to the small geographic footprint.
This ZIP code is well-suited for families and local commuters seeking a quiet, small-town environment with more affordable housing options compared to the Indianapolis urban core.
Median prices moved up 267.1% year over year.
Homes spend a median of 45 days on market with 3.2 months of supply — a fast-moving market.
13% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.8% · poverty 7.8% — 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 7.8%/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 4.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 46044, Madison County IN
The area is served by the Frankton-Lapel Community Schools district, which generally maintains a stable reputation within the local Madison County educational landscape.
The area is located in a region with moderate risk for severe thunderstorms and occasional wind events; flood risk is generally low but varies by specific parcel proximity to local drainage basins.
Economic momentum is driven by proximity to the Anderson and Indianapolis employment corridors, with local development focused on residential expansion and small-scale commercial services.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Indiana) — Standard Homestead Deduction: Removes the first $45,000 of the homestead's assessed value from taxation. 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) — 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.
Residents primarily rely on personal vehicles for commuting, with State Road 13 and State Road 9 serving as the main arteries connecting to Anderson and the broader Indianapolis metro area.
Local amenities include Frankton Community Park and proximity to the White River for outdoor activities, with more extensive shopping and dining options located approximately 10-15 minutes away in Anderson.
The rental market is characterized by limited inventory and steady demand, with HUD Fair Market Rents showing significant upward pressure in recent years.
The local economy is anchored by manufacturing and logistics industries in the surrounding Madison County area, with significant employment ties to the Anderson industrial base.
Transportation is almost exclusively automobile-dependent, with no public transit infrastructure serving the ZIP code directly.
Development is primarily focused on low-density residential expansion and maintenance of existing infrastructure.
The Madison County Assessor manages property valuations using a mass appraisal system based on annual market adjustments.
Parcels are subject to Frankton-Lapel Community School Corporation taxes and standard county-level service districts.
Property insurance premiums are influenced by regional exposure to severe weather, with standard coverage widely available.
Data retrieved from Census Bureau ZCTA 46044 profile.
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.
Primary local green space for community events and recreation.
Regional hub for agricultural and community gatherings located nearby.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.