The story of this market
The typical home in ZIP 47040 sells for about $199,100, or $168 per square foot.
Prices are roughly flat from a year ago (0%), a market in balance. Homes take about 20 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $848 a month.
ZIP 47040 — Rising Sun
The housing market in 47040 remains stable with limited inventory and moderate price points. Market activity is consistent with regional trends in rural Indiana, characterized by low turnover and steady demand.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 20 days on market with 5.2 months of supply — a fast-moving market.
25% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.5% · poverty 8.4% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 47040, Ohio County, Indiana
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
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.
Data retrieved from data.census.gov ZCTA 47040 profile.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.