The story of this market
The typical home in ZIP 47368 sells for about $165,000, or $115 per square foot.
Prices are up +3.2% from a year ago, so sellers still have some momentum. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $938 a month.
ZIP 47368 — Parker City
The housing market in 47368 is characterized by low inventory and slow, steady turnover. Prices have seen modest appreciation consistent with broader rural Indiana trends, driven by limited supply rather than high demand. The market remains stable and affordable for local residents.
This ZIP is ideal for families and individuals seeking an affordable, quiet, rural lifestyle. It is best suited for those who work locally or are comfortable with a commute to nearby regional employment centers.
Median prices moved up 3.2% year over year.
Homes spend a median of 45 days on market with 3.5 months of supply — a fast-moving market.
8% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.3% · poverty 13.0% — 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 6.3%/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 3.9%/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 47368, Randolph 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.
Crime rates in Parker City are generally low and consistent with rural Indiana trends. The area experiences minimal violent crime compared to regional urban centers like Muncie.
The area is served by the Monroe Central School Corporation, which is recognized for its small class sizes and community-focused educational environment.
The region is primarily at risk for severe thunderstorms and occasional wind damage. Flood risk is generally low, though localized drainage issues can occur in low-lying rural areas.
Economic momentum is stable, driven by agricultural production and proximity to the Muncie labor market. Infrastructure development is focused on local road maintenance and utility upgrades.
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.
Residents primarily commute by personal vehicle to Muncie or other nearby employment hubs in Randolph County. There is no public transit infrastructure serving this rural ZIP.
Recreation is centered on local community parks and school athletic facilities. The area offers a quiet, rural landscape with limited commercial shopping and dining options within a 3-mile radius.
The rental market is thin with low turnover and limited multi-family inventory. Most rental units are single-family homes, and vacancy pressure remains low due to the small housing stock.
The economy is anchored by agriculture and small-scale manufacturing. Proximity to Muncie provides access to larger healthcare and educational employers.
Transportation is entirely dependent on personal vehicle use via state and county road networks. No public transit or rail service is available.
There are no major commercial or infrastructure projects currently in the development pipeline for this ZIP.
The Randolph County Assessor manages property valuations using standard Indiana mass appraisal guidelines.
Parcels are subject to the Monroe Central School Corporation tax levy and standard county-level special districts.
Property insurance premiums are generally stable, reflecting the low-density rural environment and standard regional hazard exposure.
Data retrieved from data.census.gov using ZCTA 47368 profile.
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 community park offering playground equipment and open green space.
Serves as a primary hub for local youth and high school sports.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.