The story of this market
The typical home in ZIP 47386 sells for about $185,000, or $112 per square foot.
Prices are up +3.2% 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 $950 a month.
ZIP 47386 — Springport
The housing market in 47386 remains stable with modest price appreciation and low inventory levels. Demand is driven by local residents seeking affordable housing, though limited new construction keeps the market tight. Overall conditions reflect a balanced environment for both buyers and sellers.
This ZIP is well-suited for families and long-term residents seeking a quiet, affordable lifestyle with a lower cost of living compared to major metropolitan areas. It is less ideal for those requiring proximity to urban transit or high-density employment centers.
Median prices moved up 3.2% year over year.
Homes spend a median of 48 days on market with 3.5 months of supply — a fast-moving market.
19% 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 0.0% · poverty 6.9% — 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 5.4%/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 3.7%/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 47386, Wayne 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 this area remain generally consistent with regional averages for rural-suburban Indiana, with property crime being the primary concern. Local law enforcement reports stable trends over the past year.
Schools serving this ZIP are part of the local consolidated school corporation, which generally maintains moderate performance ratings. The district focuses on vocational and core academic preparation for students.
The area faces standard Midwestern climate risks, including seasonal severe thunderstorms and occasional high winds. Flood risk is localized to specific low-lying areas near regional creeks.
Economic momentum is driven by regional manufacturing and agricultural support services. Development is steady but modest, with limited large-scale infrastructure projects currently underway.
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 rely on personal vehicles for commuting to nearby employment hubs, with travel times typically ranging from 25 to 40 minutes. Public transit options are not available.
The area features local community parks and access to regional outdoor spaces for hiking and fishing. Shopping and dining options are concentrated in the nearby town center.
The rental market is characterized by low turnover and limited inventory, primarily consisting of single-family homes and small multi-family units. Demand remains stable with modest annual rent growth.
The local economy is anchored by manufacturing, healthcare, and retail sectors. Employment is largely supported by regional employers within a 20-mile radius.
Transportation is dominated by highway access, with no significant public transit infrastructure serving the area.
Development is currently focused on small-scale residential infill and minor commercial upgrades to existing storefronts.
The county assessor maintains annual property valuations based on market sales data and physical inspections.
Parcels are subject to standard school district and county-level tax levies, with no significant MUD or PID presence.
Property insurance premiums are stable, reflecting the area's moderate risk profile for natural disasters.
Data retrieved from data.census.gov 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.
Provides playground facilities and walking paths for residents.
Offers scenic routes for cycling and walking through local greenbelts.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.