The story of this market
The typical home in ZIP 46056 sells for about $335,000, or $186 per square foot.
Prices are up +38.7% from a year ago, so sellers still have some momentum. Homes take about 65 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,470 a month.
ZIP 46056 — Markleville
The housing market in 46056 is characterized by very low inventory and significant year-over-year price appreciation, though the small sample size of sales makes the market volatile. The area remains an affordable, owner-occupied community with limited rental depth. Figures for days on market and specific tax history are not fully published at the ZIP level, requiring reliance on broader county-level trends.
This ZIP is best suited for family buyers and those seeking a rural lifestyle who are willing to commute to nearby employment centers for work and major amenities.
Median prices moved up 38.7% year over year.
Homes spend a median of 65 days on market with 0.1 months of supply — a fast-moving market.
0% 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) · 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 12.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
ZCTA 46056, Madison County, IN
The area is served by the South Madison Community School Corporation, which generally maintains a positive reputation within the region.
The area is subject to standard Midwestern weather risks, including severe thunderstorms and occasional wind events; flood risk is localized.
The area maintains a rural character with limited large-scale commercial development, relying on proximity to Anderson and Indianapolis for major employment and infrastructure.
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.
Residents primarily rely on personal vehicles for commuting, with access to I-69 providing a direct route toward the Anderson and Indianapolis employment hubs.
Local recreation is centered on rural outdoor activities, with proximity to small community parks and regional trail systems in neighboring Pendleton.
The rental market is limited in depth, characterized by low vacancy pressure and a reliance on single-family housing stock rather than multi-family complexes.
The local economy is largely agricultural and residential, with residents commuting to major employers in Anderson and the broader Indianapolis metropolitan area.
Transportation is entirely auto-dependent, with I-69 serving as the primary corridor for regional connectivity.
There are no major large-scale commercial or infrastructure projects currently reported within the ZIP code boundaries.
The Madison County Assessor manages property valuations, with assessments reflecting market-based adjustments across the county.
Parcels are subject to South Madison Community School Corporation taxes and standard county-level special district levies.
Property insurance premiums are influenced by regional exposure to severe convective storms and wind damage common in Central Indiana.
Data retrieved from Census Bureau and local town profiles.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.
Local community green space serving the town residents.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.