The story of this market
The typical home in ZIP 47041 sells for about $344,000, or $116 per square foot.
Prices are up +7.5% from a year ago, so sellers still have some momentum. Homes take about 7 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $954 a month.
ZIP 47041 — Sunman
The housing market in 47041 is currently balanced, with home values showing steady appreciation and a low inventory of active listings. The area remains highly owner-occupied with strong tenant purchasing power, though the price-to-rent ratio suggests limited cash-flow potential for investors. Market conditions are driven by local demand and limited supply, resulting in a stable environment for buyers and sellers.
This ZIP is well-suited for family buyers and those seeking a rural, owner-occupied lifestyle with moderate affordability and access to regional employment centers.
Median prices moved up 7.5% year over year.
Homes spend a median of 7 days on market with 8.7 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 94% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.1% · poverty 10.3% — 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 10.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 47041
Prevailing school quality is characterized by local district performance within the Ripley County and Dearborn County educational landscape.
The area is subject to standard Midwestern climate risks including seasonal wind and storm events; insurance posture is typical for rural Indiana.
Economic momentum is driven by manufacturing, healthcare, and education sectors with steady residential interest in the Sunman area.
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 typically rely on personal vehicles for commuting, with access to regional corridors connecting to larger employment hubs in the Cincinnati media market.
The area features local parks and rural outdoor spaces, with proximity to regional lakes and community-based recreational facilities within a short drive.
The rental market shows moderate demand with a low renter-occupancy share compared to national averages, indicating a predominantly owner-occupied housing stock.
The local economy is anchored by manufacturing, healthcare, and education, with residents often commuting to larger regional employment hubs.
Transportation is primarily highway-based, utilizing state roads for regional connectivity.
Development activity is focused on residential expansion and local infrastructure maintenance.
Ripley County utilizes a standard assessment regime for property valuation based on market value.
Parcels are subject to overlapping taxing districts including county, municipal, and school district levies.
Property insurance premiums are influenced by regional hazard exposure and standard market conditions for rural Indiana.
Data retrieved from US Census Bureau ACS via third-party aggregators.
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. Source: NCES EDGE public school locations 2023-24.
Local green space serving the town residents.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.