The story of this market
The typical home in ZIP 46071 sells for about $301,000, or $165 per square foot.
Homes take about 40 days to sell. HUD's fair market rent for a two-bedroom is $896 a month.
ZIP 46071 — Thorntown
The Thorntown housing market is characterized by stable, modest price growth and low inventory levels. Recent sales data indicates a preference for single-family homes, with prices reflecting the area's rural character and distance from major urban centers. Market activity remains steady with limited new construction.
This ZIP code is best suited for families and individuals seeking a quiet, small-town lifestyle with lower housing costs compared to the Indianapolis suburbs, while remaining within driving distance of regional employment.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 40 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.6% · poverty 7.0% — 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 4.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
ZCTA 46071, Boone County, Indiana
The area is served by the Western Boone County Community School Corporation, with Thorntown Elementary School holding a 7/10 rating.
Thorntown is a small, rural-leaning community in Boone County with limited large-scale industrial development, primarily serving as a residential base for the surrounding agricultural and regional employment hubs.
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, with access to regional routes like State Road 47 and State Road 39 connecting to larger employment centers in Lebanon and the Indianapolis metro area.
The area features local community parks and proximity to rural outdoor spaces, with limited large-scale commercial shopping or entertainment venues within the immediate 3-mile radius.
The rental market is characterized by limited inventory and modest rent levels, with a mix of single-family homes and small-scale rental properties.
The local economy is primarily driven by agriculture and small-scale local services, with residents often commuting to larger nearby cities like Lebanon for broader employment opportunities.
Transportation is heavily reliant on private vehicle use via state highways; public transit options are not available.
Development is primarily focused on small-scale residential infill and single-family home construction.
Boone County Assessor manages property valuations for tax purposes.
Parcels are subject to Western Boone County Community School Corporation taxes and local municipal levies.
Standard residential property insurance applies; no specific regional hazard-related premium spikes reported.
Data retrieved from U.S. 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.
Primary public school serving the local community.
Small-scale public green spaces for local recreation.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).