The story of this market
The typical home in ZIP 46048 sells for about $207,914, or $151 per square foot.
Prices are up +69.7% from a year ago, so sellers still have some momentum. Homes take about 42 days to sell. HUD's fair market rent for a two-bedroom is $1,250 a month.
ZIP 46048 — Ingalls
The housing market in 46048 shows strong price appreciation and high demand, evidenced by a significant year-over-year price increase and a competitive sale-to-list ratio. Low inventory levels are driving the market, making it a seller-friendly environment. Figures for active inventory and specific tax rates are based on current market reports and county-level data.
This ZIP is well-suited for family buyers and commuters looking for a suburban lifestyle with relatively affordable home prices compared to the Indianapolis metro area.
Median prices moved up 69.7% year over year.
Homes spend a median of 42 days on market with 5.5 months of supply — a fast-moving market.
13% of listings have cut prices · homes sell at 106% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.2% · poverty 6.8% — 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 7.6%/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 5.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 46048
Schools serving the area are generally rated as average within the regional context.
The area is subject to standard Midwestern weather risks including wind and occasional flooding; insurance premiums are consistent with regional averages.
The area benefits from proximity to the Indianapolis metro employment corridor and ongoing residential development in Madison County.
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 commute via I-69 toward the Indianapolis and Anderson employment hubs.
Local amenities include small community parks and proximity to larger recreational facilities in neighboring Pendleton and Anderson.
The rental market is characterized by low vacancy pressure and steady demand from commuters seeking affordable housing outside the urban core.
The local economy is driven by manufacturing, logistics, and service sectors, with significant employment opportunities in nearby Anderson and Indianapolis.
The area is served by major highway corridors including I-69, facilitating regional transit.
Ongoing residential development is focused on expanding housing stock to accommodate regional population growth.
Madison County Assessor manages property valuations based on annual market assessments.
Parcels are subject to standard county and school district levies.
Property insurance market is stable with standard coverage options available for residential properties.
Data retrieved from data.census.gov ZCTA 46048 profile.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.
Local community park providing green space and playground facilities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.