The story of this market
The typical home in ZIP 47390 sells for about $105,000, or $78 per square foot.
Prices are down 2.1% from a year ago, which gives buyers more room to negotiate. Homes take about 84 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $597 a month.
ZIP 47390 — Union City
The housing market in 47390 remains stable with low inventory and modest price growth. Demand is driven by local affordability, though the market is constrained by limited new construction and a slow-growth economic environment.
This ZIP is well-suited for budget-conscious family buyers and those seeking a quiet, small-town lifestyle with a low cost of living compared to larger metro areas.
Median prices moved down 2.1% year over year.
Homes spend a median of 84 days on market with 4.2 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 7.8% · poverty 24.5% — a mixed stability 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 4.9%/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 2.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 47390, Randolph 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 Union City are generally lower than the national average, with property crime being the primary concern in the local area.
Schools in the area are primarily served by the Union City Community School Corporation, which maintains a focus on small-town educational engagement.
The area is subject to standard Midwestern weather risks, including severe thunderstorms and occasional high winds, with flood risk generally concentrated near local waterways.
Economic momentum is driven by local manufacturing and agricultural support services, with limited large-scale commercial development 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.
Commuting is primarily car-dependent, with residents typically driving to nearby employment hubs in Muncie or across the state line into Ohio.
Local amenities include community parks and proximity to rural outdoor spaces, with basic shopping and dining options located within the city center.
The rental market is characterized by low inventory and steady demand, with limited turnover and a lack of large-scale multi-family developments.
The local economy is anchored by manufacturing and regional agricultural operations, providing a stable but modest employment base.
Transportation is dominated by private vehicle use, with no significant public transit infrastructure serving the area.
There are no major large-scale commercial or residential developments currently approved or under construction in the immediate ZIP code.
The Randolph County Assessor manages property valuations, utilizing a mass appraisal system consistent with Indiana state law.
Parcels are subject to local school district taxes and standard county-level special service districts.
Property insurance premiums are generally stable, reflecting the area's low exposure to catastrophic 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.
A central community park offering green space and recreational facilities.
The historic commercial core featuring local businesses and dining.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.