The story of this market
The typical home in ZIP 46787 sells for about $247,868, or $151 per square foot.
Prices are up +5.7% from a year ago, so sellers still have some momentum. Homes take about 22 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $765 a month.
ZIP 46787 — South Whitley
The 46787 market is a low-velocity, residential-focused area with stable appreciation driven by its role as a rural, lower-cost alternative to the Fort Wayne urban center. Limited inventory and the absence of high-density development suggest a market that will likely maintain its current character rather than see rapid growth or volatility.
Best suited for family buyers seeking quiet, affordable single-family homes and commuters who work in the Fort Wayne/Whitley County industrial hubs.
Median prices moved up 5.7% year over year.
Homes spend a median of 22 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.8% · poverty 16.7% — 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 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 46787, Whitley 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.
The area is reported to have one law enforcement location and is generally characterized as a quiet, rural-residential environment with low noise levels; regional comparison data is not determinable.
Prevailing public schools include South Whitley Elementary and Whitko Junior/Senior High School, serving the local population within a rural district structure.
The area features generally flat terrain; specific flood, wildfire, or insurance-climate posture data is not determinable.
Development momentum is limited; the local economy is anchored by the broader Fort Wayne regional employment market, with no major corporate HQs or large-scale infrastructure projects reported within the ZIP.
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.
Heavily vehicle-dependent; approximately 84.4% of residents drive to work, with limited transit or active transport infrastructure.
The area offers a rural, small-town atmosphere with access to local park space; shopping and major retail are predominantly found in neighboring communities like Columbia City.
Limited rental market depth; primary housing stock is single-family detached.
Primarily a bedroom community; residents commute to the Fort Wayne MSA for larger employment opportunities in manufacturing, healthcare, and services.
The area is served by regional highway corridors connecting to the Fort Wayne metropolitan area, with no significant public transit infrastructure.
No major development pipelines or corporate relocations are currently reported for this ZIP.
Part of the Whitko Community School Corporation; no specific MUD/PID districts reported.
Standard rural Indiana property-insurance market; specific risk tiers are not determinable.
Data retrieved from US Census Bureau ZCTA-level tables.
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.
- Union 124.715.3 mi
- Paige's Crossing & Toptracer Driving Range4.211.2 mi
- The Columbia City Haunted Jail4.19.8 mi
- Wagon Wheel Center for the Arts4.816.2 mi
- Rex's Rendezvous4.417.4 mi
- Paige's Crossing & Toptracer Driving Range4.211.2 mi
- Morsches Park4.510.7 mi
- GQT Huntington 74.512.3 mi
- Main Bowl4.39.7 mi
- Bones Theatre4.510 mi
- Veterans National Memorial Shrine & Museum4.919.8 mi
- Historic Forks of the Wabash4.713.2 mi
- J Edward Roush Lake Dam4.616.7 mi
- Historic Roann Covered Bridge4.818.5 mi
- Historic Stockdale Mill4.819.4 mi
- Morsches Park4.510.7 mi
- Every Kids Dreamland4.49.5 mi
- Warvel Park4.68.5 mi
- Columbia City Parks & Rec4.510.1 mi
- Pirates Cove Marina4.819.6 mi
- Main Channel Marina4.818.8 mi
- Eagle Glen Golf Club4.211.3 mi
- Clear Creek Golf Course3.57.5 mi
- Lakeside Huntington Chevrolet4.412.5 mi
- Huntington Plaza3.912.8 mi
- Columbia Square4.210.8 mi
- Towne & Country Plaza410.1 mi
- Fort Wayne International Airport4.222.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Local community park space serving the town.
Local hub for community activities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.