The story of this market
The typical home in ZIP 46411 sells for about $211,400, or $125 per square foot.
Prices are up +3.2% from a year ago, so sellers still have some momentum. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $1,000 a month.
This ZIP has no home sales of its own, so its market figures come from Merrillville, Indiana (city-level). Population, rents, hazards, lending and amenities are this ZIP's own readings.
ZIP 46411 — Merrillville
ZIP 46411 is a specialized postal geography primarily serving PO Box and business addresses rather than residential housing units. Consequently, standard residential market metrics such as median sale price, inventory, and demographic profiles are not available or applicable. The only published market data for this ZIP is the Fair Market Rent benchmark, which has seen significant growth in recent years.
Median prices moved up 3.2% year over year.
Homes spend a median of 45 days on market with 2.8 months of supply — a fast-moving market.
18% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
Awaiting this reading — not graded.
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 rental market in this ZIP is characterized by a 2-bedroom Fair Market Rent of $1,420 as of FY 2027, reflecting a 43.4% increase since FY 2023.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.