The story of this market
The typical home in ZIP 47244 sells for about $191,000, or $109 per square foot.
Prices are down 40.8% from a year ago, which gives buyers more room to negotiate. Homes take about 52 days to sell. HUD's fair market rent for a two-bedroom is $972 a month.
ZIP 47244 — Hope
The 47244 housing market is currently experiencing a significant decline in median home values and sales activity compared to the previous year. With very low inventory and a high reliance on rural manufacturing employment, the market remains stagnant. Figures for specific tax history and school ratings were not available at the ZIP level.
This ZIP code is best suited for local workers in manufacturing or transportation who prefer a quiet, rural lifestyle and are looking for lower-cost housing options compared to the nearby Columbus metro area.
Median prices moved down 40.8% year over year.
Homes spend a median of 52 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.7% · poverty 3.7% — 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 -12.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
ZCTA 47244, Bartholomew County IN
The area has a flood score of 78.0 and a wildfire score of 26.1, which are county-linked values used for planning context.
The local economy is primarily driven by manufacturing, transportation, and arts and entertainment sectors.
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.
The mean commute time is approximately 180 minutes, reflecting a rural location with limited local employment density.
Recreation options are limited in this rural area, with most amenities and shopping located in nearby larger municipalities.
The rental market is characterized by a median rent of $972, with 3+ bedroom units being the most common rental type.
The economy is anchored by manufacturing and transportation industries within the broader Bartholomew County region.
Transportation is primarily via personal vehicle; there is no significant public transit infrastructure serving this rural ZIP code.
No major large-scale developments are currently reported within the ZIP code boundaries.
Bartholomew County utilizes a standard assessment regime for property valuation based on market value.
Parcels are subject to standard county-level taxing districts, including school and local government levies.
Property insurance posture is influenced by regional hazard profiles, including flood and wildfire risks.
Data retrieved from U.S. Census Bureau ACS 5-year estimates for ZCTA 47244.
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.