The story of this market
The typical home in ZIP 47265 sells for about $220,916, or $115 per square foot.
Prices are up +23% from a year ago, so sellers still have some momentum. Homes take about 42 days to sell. HUD's fair market rent for a two-bedroom is $975 a month.
ZIP 47265 — North Vernon
The 47265 housing market is experiencing steady growth with a significant year-over-year price increase, reflecting limited inventory and consistent demand. While affordability remains a key factor, the market is supported by a stable local economy and moderate sales activity. Buyers are finding a competitive environment, though the pace of sales remains balanced.
This ZIP is well-suited for families and individuals seeking an affordable, rural-adjacent lifestyle with access to basic amenities. It is particularly attractive to those who prefer a slower pace of life and are comfortable with a car-dependent commute.
Median prices moved up 23.0% year over year.
Homes spend a median of 42 days on market with 3.5 months of supply — a fast-moving 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 4.9% · poverty 12.4% — 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 8.6%/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 6.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 47265, Jennings 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 North Vernon are generally consistent with regional averages for rural Indiana, with property crime being the primary concern. Local law enforcement maintains a stable presence, and the area is considered relatively safe compared to larger urban centers.
Schools in the area are primarily served by the Jennings County School Corporation, which provides a standard public education curriculum. Performance ratings are generally moderate, reflecting the rural nature of the district.
The area faces typical Midwestern climate risks, including occasional severe thunderstorms and wind events. Flood risk is localized to specific low-lying areas near the Muscatatuck River and smaller tributaries.
Economic momentum is driven by local manufacturing and small-scale commercial development along the US-50 corridor. Infrastructure improvements are focused on maintaining regional connectivity rather than large-scale expansion.
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.
Commuting is primarily car-dependent, with US-50 serving as the main artery for travel toward regional employment hubs like Columbus or Madison. Public transit options are extremely limited, necessitating personal vehicle ownership.
The area features access to local parks and the Muscatatuck National Wildlife Refuge nearby, offering trails and outdoor activities. Shopping and dining are concentrated in the downtown North Vernon area and along the main highway corridors.
The rental market is characterized by low vacancy pressure and a mix of single-family rentals and small apartment complexes. Demand remains stable, with limited new multi-family construction projects.
The local economy is anchored by manufacturing, agriculture, and retail services. Major employers include regional industrial facilities and the Jennings County government.
Transportation is dominated by private vehicle use on state and county roads. There is no significant public transit infrastructure serving the area.
Development is focused on small-scale residential subdivisions and commercial expansion along the US-50 corridor. No major large-scale master-planned communities are currently under construction.
The Jennings County Assessor manages property valuations, with assessments updated annually to reflect market conditions and state-mandated guidelines.
Parcels are subject to Jennings County School Corporation taxes and local municipal levies. No major MUD or PID districts are prevalent in this rural jurisdiction.
Property insurance premiums are generally stable, though coverage for wind and storm damage is a standard consideration for homeowners in the region.
Data retrieved from data.census.gov for ZCTA 47265.
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.
A major regional attraction offering hiking, bird watching, and wildlife observation.
A community featuring private lakes and recreational facilities for residents.
Provides local sports fields, playgrounds, and picnic areas for the community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.