The story of this market
The typical home in ZIP 47380 sells for about $146,000, or $121 per square foot.
Prices are up +147.8% from a year ago, so sellers still have some momentum. HUD's fair market rent for a two-bedroom is $662 a month.
ZIP 47380 — Ridgeville
ZIP 47380 is a low-volume, rural market with high volatility in median sale-price figures because of the small transaction sample. The reported median sale price was $146,000 for the three months ending August 2026, while Zillow's Home Value Index showed annual appreciation of 16.5%; the reported transactional year-over-year change was much higher at 147.8%. Inventory was very limited at four active listings, producing a quiet, buyer-friendly market profile.
The ZIP fits downsizers and budget-conscious buyers seeking rural living and proximity to agricultural employment centers. It is less suited to households seeking deep rental inventory, extensive amenities, or a large employment base within the ZIP.
Median prices moved up 147.8% year over year.
Awaiting this reading — not graded.
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 2.2% · poverty 15.8% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 47380, 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.
Not determinable. The grounded research states that regional trends for rural Randolph County generally indicate lower property crime rates than major metropolitan centers in Indiana.
Schools serving the area include districts in Jay County and Randolph County. The grounded research characterizes local school quality as rural-standard, with limited extracurricular diversity; published school ratings were not provided.
The area faces standard Midwestern weather risks, including seasonal severe thunderstorms and potential wind events. Flood risk is described as generally localized to riparian corridors.
Development momentum is minimal. The local economy relies on agricultural and light-industrial employment in surrounding towns such as Winchester and Portland.
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 area is car-dependent, with residents typically commuting to Winchester, Portland, or Muncie for employment.
Local amenities are limited to small parks and community spaces, with larger regional shopping and dining available in neighboring county seats.
The rental market has limited depth, minimal turnover, and very low institutional-investor presence.
The surrounding economy is dominated by agriculture, manufacturing, and local services. Agricultural and light-industrial employment in nearby Winchester and Portland are identified as key regional employment sources.
No major infrastructure or large-scale development projects were reported.
The area has standard county and school taxing districts. No major MUD or special-improvement districts were reported.
The property-insurance market is described as standard for the region, with premiums influenced by Midwest convective-storm exposure.
The grounded research provides population, median age, median household income, and a qualitative statement that owner-occupancy is dominant. The remaining requested ACS fields were not supplied.
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 community amenity identified in the grounded research.
Limited local recreational spaces serving the community.