The story of this market
The typical home in ZIP 46979 sells for about $213,500, or $115 per square foot.
Prices are up +3.2% from a year ago, so sellers still have some momentum. Homes take about 42 days to sell. HUD's fair market rent for a two-bedroom is $760 a month.
ZIP 46979 — Russiaville
The housing market in 46979 remains stable with low inventory and steady demand from local buyers. Prices have seen modest year-over-year growth, supported by the area's affordability and proximity to the Kokomo employment hub. Market conditions are balanced, with homes selling at a reasonable pace.
This ZIP is well-suited for families and local workers seeking a quiet, small-town environment with access to quality schools and a lower cost of living compared to larger metro areas.
Median prices moved up 3.2% year over year.
Homes spend a median of 42 days on market with 3.6 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 7.1% · poverty 5.1% — 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 5.2%/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 4.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 46979, Howard 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 the Russiaville area are generally low, consistent with rural and small-town Indiana trends, and remain significantly below national urban averages.
The area is served by the Western School Corporation, which is generally regarded as a high-performing district within Howard County.
The region faces moderate risks from severe thunderstorms and occasional wind events, with standard flood insurance requirements for properties located in designated floodplain zones.
Economic momentum is tied to the broader Kokomo industrial base, with steady residential demand driven by proximity to major manufacturing employers in the county.
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 primarily commute by car to Kokomo for employment, with typical drive times ranging from 15 to 20 minutes via state highways.
Local amenities include community parks and proximity to rural outdoor spaces, with more extensive shopping and dining options located a short drive away in Kokomo.
The rental market is characterized by low inventory and stable demand, primarily consisting of single-family homes with limited multi-family supply.
The economy is anchored by the manufacturing sector in nearby Kokomo, including automotive and industrial production facilities.
Transportation is almost exclusively automobile-dependent, relying on state and county road networks for regional connectivity.
Development is primarily focused on small-scale residential infill and maintenance of existing infrastructure.
The Howard County Assessor manages property valuations based on annual market adjustments and cyclical reassessments.
Parcels are subject to Western School Corporation levies and standard county-wide taxing districts.
Property insurance premiums are generally stable, reflecting the area's low-to-moderate risk profile for natural disasters.
Data retrieved from US Census Bureau ACS 5-year estimates for ZCTA 46979.
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.
- Kokomo Beach Family Aquatic Center4.58.7 mi
- Chuck E. Cheese4.19.8 mi
- Gravity Trampoline Park3.610 mi
- Kokomo Speedway4.69.7 mi
- Kokomo Alehouse4.59.1 mi
- PASTArrific4.38.1 mi
- Howard County Fairgrounds4.417.7 mi
- Burlington Boathouse4.36.9 mi
- AMC CLASSIC Kokomo 124.39.7 mi
- Highland Park4.68.3 mi
- Kokomo Beach Family Aquatic Center4.58.7 mi
- Kokomo Opalescent Glass4.89 mi
- Jackson Morrow Park4.67.7 mi
- Grissom Air Museum4.818.9 mi
- Kokomo-Howard County Public Library Main4.69.4 mi
- Seiberling Mansion4.88.7 mi
- Mr. Muffin's Trains Layout4.419.8 mi
- Highland Park4.68.3 mi
- Jackson Morrow Park4.67.7 mi
- Foster Park4.58.9 mi
- Northwest Park4.49.2 mi
- Studebaker Park4.110 mi
- Wildcat Creek Golf Course4.46.9 mi
- Chippendale Golf Course4.57.2 mi
- Kokomo Country Club4.68.1 mi
- Ralphy's Pizza - Golf & Bowling4.58.5 mi
- American Legion Golf Course4.48.8 mi
- Meijer4.310.4 mi
- Markland Mall4.210 mi
- Rural King4.48.6 mi
- Kohl's4.210.1 mi
- T.J. Maxx4.310 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Community recreational space serving the local school and neighborhood.
Local park providing green space and community gathering areas.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.