The story of this market
The typical home in ZIP 46721 sells for about $186,919, or $114 per square foot.
Prices are up +19.52% from a year ago, so sellers still have some momentum. Homes take about 31 days to sell. HUD's fair market rent for a two-bedroom is $804 a month.
ZIP 46721 — Butler
As of August 2026, the 46721 market exhibits increased supply relative to demand, with active listings rising by 41.67% month-over-month. While the median list price has experienced a significant year-over-year increase of 19.52%, homes are spending an average of 31 days on the market. Buyers currently have more negotiation leverage, evidenced by homes selling at 97% of the asking price.
Primarily suited for local families and manufacturing-sector workers seeking affordability and a small-town lifestyle within reach of regional urban centers.
Median prices moved up 19.5% year over year.
Homes spend a median of 31 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 97% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.3% · poverty 13.5% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 46721, DeKalb 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.
The area is served by DeKalb County Central United School District, with local institutions like DeKalb High School and DeKalb Middle School generally maintaining B-tier ratings.
The area faces standard Midwestern climate risks, including seasonal wind and thunderstorm activity; flood risk is generally low, though localized areas may require standard hazard insurance coverage.
The local economy is driven primarily by the manufacturing and production sectors, benefiting from regional infrastructure in DeKalb County and proximity to the Fort Wayne metropolitan corridor.
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.
The average commute is approximately 20.2 minutes, facilitated by regional highways providing access to larger employment centers like Fort Wayne and Auburn.
The area features local parks and the Butler Public Library, with access to outdoor recreation typical of the Northeast Indiana lakes region within a short drive.
Limited rental inventory is available, with little evidence of significant institutional investor or short-term rental market penetration.
The economic base is anchored by local production and manufacturing facilities, providing a stable industrial job market.
Regional highways provide access to larger employment centers like Fort Wayne and Auburn.
No major large-scale industrial or commercial developments are currently publicly reported for this specific ZIP.
Parcels are subject to DeKalb County and local Butler municipal tax jurisdictions.
Standard residential property insurance coverage is required, with additional inland-flood coverage advised depending on specific parcel location.
Data retrieved from data.census.gov
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.
Local community resource.
Local recreational green space.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.