The story of this market
The typical home in ZIP 47348 sells for about $150,541, or $85 per square foot.
Prices are down 2.1% from a year ago, which gives buyers more room to negotiate. Homes take about 87 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $705 a month.
ZIP 47348 — Knightstown
The housing market in 47348 is currently experiencing a period of stagnation with low price growth and limited inventory turnover. High mobility and below-average income levels in the area continue to create a challenging environment for both investors and sellers.
This ZIP is primarily suited for local owner-occupants seeking affordable housing, as the market presents significant headwinds for remote landlords and passive investors.
Median prices moved down 2.1% year over year.
Homes spend a median of 87 days on market with 6.2 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.5% · poverty 17.2% — 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 8.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 47348, Blackford County, Indiana
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
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.
The rental market in 47348 is characterized by a low-cost basis and a 24% renter share, though investors often face challenges with high tenant mobility and below-average local incomes.
The local economy is centered around Hartford City, with a mix of small-scale manufacturing and service-sector employment.
Data retrieved from Census Bureau ZCTA-level tables.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.