The story of this market
The typical home in ZIP 46111 sells for about $122,833, or $142 per square foot.
Prices are up +33.5% from a year ago, so sellers still have some momentum. Homes take about 81 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $800 a month.
ZIP 46111 — Brooklyn
The 46111 housing market is a small, stable seller's market with very low inventory and consistent demand. Prices have seen significant year-over-year growth, though the total volume of sales remains low due to the small size of the ZIP code. The market is driven by affordability and a high rate of owner-occupancy.
This ZIP is best suited for budget-conscious buyers and those seeking an established, quiet residential environment with a small-town feel.
Median prices moved up 33.5% year over year.
Homes spend a median of 81 days on market with 0.0 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.5% · poverty 8.0% — 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 2.9%/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 2.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
ZCTA 46111, Morgan County IN
The area is a small, established residential community with limited new commercial development or major infrastructure projects reported.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Indiana) — Standard Homestead Deduction: Removes the first $45,000 of the homestead's assessed value from taxation. 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) — 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 commute via local roads to employment centers in the Indianapolis metropolitan area.
The area offers proximity to local parks and rural outdoor spaces within Morgan County, with limited immediate commercial shopping districts.
The rental market is characterized by low inventory and affordability, with rents significantly below the national average.
The local economy is primarily residential, with residents relying on the broader Indianapolis-Carmel metro area for major employment.
No major large-scale developments are currently reported within the ZIP code boundaries.
Parcels are served by local school and utility districts within Morgan County.
Data retrieved from data.census.gov ZCTA 46111 profile.
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. Source: NCES EDGE public school locations 2023-24.
Local community green space.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.