The story of this market
The typical home in ZIP 47358 sells for about $131,700.
Prices are roughly flat from a year ago (0%), a market in balance. HUD's fair market rent for a two-bedroom is $688 a month.
ZIP 47358 — Modoc
The housing market in 47358 is a stable, low-turnover rural environment. Market activity is limited by low inventory and a high rate of long-term owner occupancy, resulting in minimal price volatility.
Fits long-term residents, retirees, and rural-lifestyle seekers due to lower-than-average home values and quiet, low-density environment.
Median prices moved sideways 0.0% year over year.
Awaiting this reading — not graded.
0% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.0% · poverty 8.6% — 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 4.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 47358
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Not determinable at the ZIP level; typically consistent with low-density rural Indiana trends.
The area is served by rural school corporations including Randolph Southern and Hagerstown, which generally maintain mid-range performance ratings.
Property risk is primarily focused on typical Midwest seasonal weather patterns; local climate exposure includes a moderate heat factor risk.
Development momentum is minimal; the area remains a rural/agricultural landscape with no major corporate headquarters or large-scale infrastructure projects reported.
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.
Car-dependent; residents typically commute to nearby hubs like Muncie, Richmond, or Winchester.
Limited local amenities; access to outdoor recreation typical of rural Indiana, such as the Modoc Covered Bridge area.
Market depth is very shallow; rental presence is minimal, consisting largely of single-family residences.
Largely agricultural and blue-collar industrial base; reliance on employment centers in surrounding county seats.
No major projects or pipelines reported for this ZIP.
Standard county-level tax and school districts apply.
Standard rural insurance market; no unique regional posture noted.
Data retrieved from US Census Bureau ZCTA profiles.
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 local historic site serving as a landmark for the area.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.