The story of this market
The typical home in ZIP 46986 sells for about $145,000, or $105 per square foot.
Prices are up +3.2% 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 $925 a month.
ZIP 46986 — Swayzee
The housing market in 46986 remains stable with low inventory and modest price growth. Demand is driven by local residents and budget-conscious buyers, resulting in a balanced market with limited turnover.
This ZIP is well-suited for budget-conscious family buyers and long-term residents seeking a quiet, rural lifestyle with lower housing costs compared to urban centers.
Median prices moved up 3.2% year over year.
Homes spend a median of 62 days on market with 4.5 months of supply — a balanced-paced market.
12% 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 1.8% · poverty 6.6% — 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 5.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 46986, 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 the local county school system, which maintains a standard curriculum with moderate performance ratings.
The area is subject to standard Midwestern weather risks, including seasonal thunderstorms and occasional high winds; flood risk is localized to specific low-lying areas near regional waterways.
Economic momentum is driven by regional agricultural and manufacturing sectors, with limited new 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.
Commutes are primarily car-dependent, with residents typically driving to nearby regional employment hubs for work.
Local recreation is centered on community parks and access to nearby rural trails and regional outdoor spaces.
The rental market is characterized by low inventory and steady demand, primarily serving local workers and long-term residents.
The local economy is anchored by agriculture, small-scale manufacturing, and local service industries.
Transportation is almost exclusively via private vehicle, with access to regional state highways.
There are no major large-scale commercial or residential developments currently approved or under construction in this ZIP.
The Miami County Assessor manages property valuations based on annual market analysis and state-mandated assessment cycles.
Parcels are subject to standard county and school district tax levies, with no significant MUD or PID districts reported.
Property insurance premiums are stable, reflecting the area's low-to-moderate risk profile for natural disasters.
Data retrieved from data.census.gov ZCTA-level tables.
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 green space and community recreational facilities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.