The story of this market
The typical home in ZIP 46166 sells for about $282,874, or $191 per square foot.
Prices are up +31.3% from a year ago, so sellers still have some momentum. Homes take about 4.5 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,280 a month.
ZIP 46166 — Paragon
The 46166 market is characterized by low inventory and rising home prices, with a 31.3% year-over-year increase in median sale price. The area remains a niche, rural market with limited sales volume, driven by demand for quiet, high-equity residential properties. Note: Several specific metrics such as utility providers and detailed school ratings were not available at the ZIP level.
This ZIP is best suited for those seeking a quiet, rural retreat, including family buyers and individuals looking for larger land parcels away from urban density.
Median prices moved up 31.3% year over year.
Homes spend a median of 5 days on market with 6.7 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 99.4% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · poverty 24.6% — a mixed stability profile.
versus the prior ACS vintage
ZCTA 46166, Morgan County, IN
The area is served by local school districts, though specific high school facilities are not located within the ZIP code boundaries.
The area is experiencing moderate population growth, with a 24.7% increase over the last decade, though it remains a rural, quiet environment.
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.
The vast majority of residents (93.5%) commute by driving, reflecting the rural nature of the area.
The area is characterized by a peaceful, rural atmosphere with proximity to Patton Lake and significant open space for outdoor activities.
The rental market is limited, with a HUD fair market rent for a two-bedroom unit at $1,280, reflecting a 7.6% increase year-over-year.
The local economy is primarily rural with a mix of residential and agricultural land use; residents typically commute to larger employment hubs in the region.
Data retrieved from U.S. Census and local market reports.
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.
A local landmark providing recreational opportunities and scenic views.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.