The story of this market
The typical home in ZIP 46938 sells for about $145,000, or $98 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 62 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,020 a month.
ZIP 46938 — Jonesboro
The housing market in 46938 remains stable with low inventory and modest price growth consistent with rural Indiana trends. Demand is driven by local buyers seeking affordability, though limited sales volume keeps the market quiet. Current conditions reflect a balanced environment where supply and demand remain largely in equilibrium.
This ZIP is best suited for families and individuals seeking a quiet, rural lifestyle with lower housing costs, though it requires a commute for most professional employment.
Median prices moved up 2.4% year over year.
Homes spend a median of 62 days on market with 3.2 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.9% · poverty 16.9% — 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 6.1%/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 6.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 46938, Miami 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.
Crime rates in this rural area are generally lower than the national average, with property-related incidents being the most common reports.
Schools serving this area are primarily part of local rural districts, generally maintaining average performance ratings compared to state benchmarks.
The area faces moderate risk from severe thunderstorms and occasional flooding in low-lying zones, with standard insurance coverage typically available.
Economic momentum is driven by local agricultural and manufacturing sectors, with limited large-scale commercial development currently underway.
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 typically rely on personal vehicles for commutes, with travel times to regional employment hubs averaging 30-45 minutes.
Local recreation includes access to small community parks, nearby state-managed fishing areas, and limited local shopping and dining options.
The rental market is characterized by low inventory and stable demand, with most units consisting of single-family homes rather than large complexes.
The local economy is anchored by agriculture, small-scale manufacturing, and regional retail services.
Transportation is almost exclusively dependent on private vehicle use via state highway corridors.
There are no major large-scale commercial or residential developments currently approved or under construction in this ZIP.
The county appraisal district conducts annual assessments based on market sales data and property inspections.
Parcels are subject to standard county and school district tax levies, with no significant MUD or PID presence.
Property insurance premiums are stable, reflecting the area's low density and lack of major natural disaster exposure.
Net domestic migration is relatively flat, with modest turnover among long-term residents.
Indiana follows a judicial foreclosure process, requiring court intervention and providing specific redemption periods for homeowners.
Sellers are required to provide a standard residential real estate disclosure form detailing known material defects.
Data retrieved from data.census.gov ZCTA 46938 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.
Provides local fishing and recreational access.
Features basic playground and picnic facilities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.