The story of this market
The typical home in ZIP 47384 sells for about $234,000, or $115 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 65 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $728 a month.
ZIP 47384 — Shirley
The housing market in 47384 is characterized by low inventory and modest price growth, reflecting its status as a quiet, rural community. While entry prices remain accessible, the market is driven by local demand rather than speculative investment. Current conditions are stable, with limited turnover and a reliance on regional employment centers.
This ZIP is best suited for local workers or those seeking affordable rural living, as it requires a hands-on approach for investors and is less suited for those needing immediate access to urban amenities.
Median prices moved up 2.1% year over year.
Homes spend a median of 65 days on market with 4.2 months of supply — a balanced-paced market.
15% 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 5.9% · poverty 8.1% — 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 11.9%/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 8.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 47384, Henry 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.
Schools serving the area are primarily managed by regional districts; quality is generally considered consistent with rural Indiana standards.
Economic momentum is limited, with the area functioning primarily as a rural residential enclave rather than a major employment hub.
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.
Commutes are primarily car-dependent, with residents typically driving to larger employment centers in the Indianapolis metro area or nearby Muncie.
Local recreation is centered on small-town community parks and proximity to rural outdoor spaces; major shopping and dining require travel to larger neighboring towns.
The rental market is characterized by low inventory and requires active, hands-on management; demand is stable but limited by the small population base.
The local economy is largely driven by small-scale services and agriculture, with most residents commuting to larger regional employment hubs.
Transportation is entirely reliant on personal vehicles, with no significant public transit infrastructure serving the area.
There are no major large-scale commercial or residential developments currently reported for this ZIP code.
Henry County assesses property values based on market-based mass appraisal standards.
Parcels are subject to standard county and school district tax levies typical of rural Indiana.
Property insurance premiums are generally stable, reflecting the low-hazard rural environment.
Data retrieved from US Census Bureau ZCTA-level tables.
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 green space serving the immediate community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.