The story of this market
The typical home in ZIP 47035 sells for about $151,000, or $93 per square foot.
Prices are down 7.36% from a year ago, which gives buyers more room to negotiate. Homes take about 57 days to sell.
ZIP 47035
The housing market in 47035 is characterized by very low inventory and a stagnant, retirement-focused population. Home values have trended downward over the last decade, and the lack of rental activity or significant economic growth suggests a stable but limited market.
This ZIP is best suited for retirees or those seeking a quiet, rural, owner-occupied environment, as it lacks the rental infrastructure and proximity to employment centers required by commuters or younger professionals.
Median prices moved down 7.4% year over year.
Homes spend a median of 57 days on market with 0.0 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) — 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 -0.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 47035, Franklin County IN
The area has county-linked NRI scores for flood and wildfire risk, though these are regional indicators rather than parcel-specific determinations.
The area is a small, retirement-oriented community with limited economic development or major infrastructure projects reported.
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 face a long mean commute of approximately 57 minutes, reflecting the area's remote nature relative to major employment hubs.
The area is rural with limited local amenities; shopping and recreational facilities are primarily accessed in neighboring communities.
The rental market is extremely limited with 0% renter-occupied housing units reported in recent census data.
The local economy is minimal, characterized by a high share of retirees and limited local business activity.
Data retrieved from U.S. Census Bureau ACS 5-year estimates via ZIP-level reporting.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.