The story of this market
The typical home in ZIP 47012 sells for about $222,450, or $135 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 62 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $809 a month.
ZIP 47012 — Brookville
The housing market in 47012 remains stable with modest price appreciation and low inventory levels. Demand is driven by local buyers seeking affordability, while the limited supply keeps the market balanced.
This ZIP is well-suited for families and individuals seeking a quiet, rural lifestyle with affordable housing options and a slower pace of life.
Median prices moved up 2.1% year over year.
Homes spend a median of 62 days on market with 4.5 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.1% · poverty 5.6% — 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 5.7%/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 4.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 47012, Dearborn 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 this rural Indiana area remain low compared to regional urban centers, with property crime being the primary concern.
Schools serving this area are generally rated as average, with local districts focusing on community-based education and vocational programs.
The area faces moderate risk from seasonal severe weather, including thunderstorms and occasional high winds, with standard flood insurance recommended for low-lying parcels.
Economic momentum is driven by proximity to regional manufacturing hubs and agricultural support services, with limited new large-scale commercial development.
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 commutes to nearby employment centers, with limited access to public transit options.
Local recreation includes access to rural parks, community sports fields, and proximity to regional waterways for outdoor activities.
The rental market is characterized by low turnover and limited inventory, with demand driven by local workforce needs.
The local economy is anchored by small-scale manufacturing, agriculture, and service-sector businesses supporting the surrounding rural community.
Transportation is dominated by state highway corridors connecting the area to larger regional employment hubs.
Development is primarily focused on small-scale residential infill and maintenance of existing infrastructure.
The county appraisal district conducts annual assessments based on market sales data and property characteristics.
Parcels are subject to standard county and school district tax levies, with no major MUD or PID districts reported.
Property insurance premiums are stable, reflecting the area's low-to-moderate risk profile for natural disasters.
Data retrieved from data.census.gov 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.
Local park providing green space and community gathering areas.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.