The story of this market
The typical home in ZIP 46928 sells for about $177,844, or $108 per square foot.
Prices are up +2.4% 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 $895 a month.
ZIP 46928 — Fairmount
The housing market in 46928 remains stable with modest year-over-year price growth of 2.4%. Low inventory levels continue to support current pricing, though sales volume remains limited by the small size of the local market.
This ZIP is well-suited for families and local workers seeking affordable housing in a quiet, small-town environment.
Median prices moved up 2.4% year over year.
Homes spend a median of 42 days on market with 3.2 months of supply — a fast-moving market.
12% 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 2.8% · poverty 18.8% — 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 9.0%/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 6.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 46928, Grant 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.
Crime rates in Fairmount are generally lower than the national average, with property crime being the primary concern in the region.
Schools serving the area are part of the Madison-Grant United School Corporation, which maintains a moderate rating profile.
The area is subject to standard Midwestern weather risks, including severe thunderstorms and occasional wind events; flood risk is generally low.
Economic momentum is driven by local manufacturing and agricultural support services, with steady but slow development activity.
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.
Commutes are primarily car-dependent, with residents typically driving to Marion or Anderson for employment.
Local amenities include Fairmount Park and proximity to regional trails, with basic shopping and dining available in the town center.
The rental market is characterized by low inventory and stable demand, primarily serving local workers and small families.
The local economy is anchored by manufacturing, agriculture, and small-scale retail services.
Transportation is dominated by private vehicle use, with access to State Road 9 and State Road 26 as primary corridors.
Development is currently focused on small-scale residential infill and local infrastructure maintenance.
Grant County Assessor manages property valuations based on annual market adjustments and state-mandated assessment cycles.
Parcels are subject to Madison-Grant United School Corporation taxes and standard county-level service districts.
Property insurance premiums are stable, reflecting the low-hazard profile of the region.
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.
- Marion Splash House4.38.7 mi
- Chuck E. Cheese4.219.1 mi
- Escapades Family Fun Center418.1 mi
- Bouncyland Family Fun Center417.8 mi
- Scheumann Stadium4.618.8 mi
- Worthen Arena4.619.6 mi
- Emens Auditorium4.719.9 mi
- Howard County Fairgrounds4.416.3 mi
- Ducktail Run Rod and Custom Show4.85.4 mi
- Matter Park4.612.2 mi
- World’s Largest Ball of Paint4.810.8 mi
- Gas City Park4.65.3 mi
- Gas City Performing Arts Center4.76.4 mi
- The James Dean Museum4.90.8 mi
- The James Dean Museum4.90.8 mi
- Owsley Museum of Art4.819.8 mi
- James Dean Gallery4.80.9 mi
- Matter Park4.612.2 mi
- Gas City Park4.65.3 mi
- Beulah Park4.510.6 mi
- Callaway Park4.512.4 mi
- Playacres Park4.70.9 mi
- Walnut Creek Golf Courses4.29.1 mi
- Meijer4.37.7 mi
- T.J. Maxx4.47.4 mi
- Jake's Antiques4.710.8 mi
- Ruler Foods4.411.2 mi
- Kohl's4.47.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Central community green space for local recreation.
Local cultural landmark celebrating the town's most famous resident.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.