The story of this market
The typical home in ZIP 47355 sells for about $185,000, or $112 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 48 days to sell. HUD's fair market rent for a two-bedroom is $642 a month.
ZIP 47355 — Lynn
The housing market in 47355 remains stable with low inventory and steady demand, typical of a rural Indiana community. Prices have seen modest year-over-year growth, driven by limited supply rather than speculative activity. The market is currently balanced, favoring long-term residents over short-term investors.
This ZIP is ideal for families and individuals seeking a quiet, affordable rural lifestyle with a strong sense of community and lower cost of living compared to urban centers.
Median prices moved up 2.4% year over year.
Homes spend a median of 48 days on market with 4.6 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 2.1% · poverty 9.6% — 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 7.7%/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 7.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 47355, Randolph 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 Lynn are generally low and consistent with rural Randolph County trends, remaining significantly below state and national averages.
The area is served by the Randolph Eastern School Corporation, which maintains a stable, community-focused educational environment with moderate performance ratings.
The region faces standard Midwestern climate risks, primarily severe thunderstorms and occasional high winds; flood risk is generally low outside of specific localized drainage areas.
Economic momentum is driven by local agricultural operations and small-scale manufacturing, with proximity to larger regional employment hubs in Richmond and Muncie providing additional stability.
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 residents typically driving 20-30 minutes to reach employment centers in Winchester or Richmond via state highway corridors.
Local amenities include small community parks and proximity to rural outdoor spaces, with more extensive shopping and dining options located in nearby larger towns.
The rental market is characterized by low inventory and high demand for single-family homes, with limited multi-family options available.
The local economy is anchored by agriculture, light manufacturing, and local services, with a stable employment base supported by regional industry in Randolph County.
Transportation is almost exclusively private vehicle-based, utilizing state highways for regional connectivity.
Development is focused on small-scale residential infill and maintenance of existing infrastructure.
The Randolph County Assessor manages property valuations based on annual market adjustments and cyclical reassessments.
Parcels are subject to Randolph Eastern School Corporation taxes and standard county-level service districts.
Property insurance premiums are generally stable, reflecting the low-hazard, rural nature of the geography.
Net domestic migration is stable, with a slight trend of residents moving from urban areas to rural settings.
Indiana is a judicial foreclosure state, requiring court intervention for the foreclosure process.
Sellers are required to provide a standard residential real estate disclosure form covering known material defects.
Data retrieved from US Census Bureau ACS 5-year estimates for ZCTA 47355.
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.
Local park providing green space and recreational facilities for residents.
Regional hub for community events and agricultural exhibitions.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.