The story of this market
The typical home in ZIP 47337 sells for about $104,200, or $61 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 105 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $850 a month.
ZIP 47337
The housing market in 47337 is characterized by very low inventory and high affordability, with a median home value of $104,200. Market activity is minimal due to the small population size, and price growth remains modest. The area functions as a quiet, rural residential enclave with limited local economic development.
This ZIP code is best suited for individuals or families seeking a quiet, rural lifestyle with high affordability, though it lacks the immediate access to urban amenities found in larger cities.
Median prices moved up 2.5% year over year.
Homes spend a median of 105 days on market with 2.0 months of supply — a balanced-paced market.
0% 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 4.1% · poverty 6.9% — 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 5.4%/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 5.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 47337, Henry County IN
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 to employment centers in nearby Henry County cities or the broader Indianapolis metro area.
The area is primarily rural with limited local amenities; residents typically access shopping and recreational facilities in neighboring towns like Knightstown or New Castle.
The rental market is limited in depth due to the small population size, with a mix of owner-occupied and renter-occupied housing units.
The local economy is primarily driven by small-scale services and agriculture, with residents often commuting to larger employment hubs in Henry County.
Transportation is primarily served by local road networks; there is no significant public transit infrastructure.
No major commercial or residential developments are currently reported for this ZIP code.
Henry County assesses property based on market value, with tax rates determined by the aggregate of local taxing districts.
Parcels are subject to standard Henry County taxing districts, including school and municipal levies.
Data retrieved from Census Reporter and MyTownView profiles.
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.