The story of this market
The typical home in ZIP 47429 sells for about $226,200, or $115 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 $797 a month.
ZIP 47429 — Ellettsville
The housing market in 47429 remains stable, characterized by steady demand from families and professionals working in the nearby Bloomington area. Limited inventory continues to support modest price appreciation, though the market remains sensitive to broader interest rate trends. Overall, the area is viewed as an affordable, high-quality alternative to the more expensive housing markets within Bloomington city limits.
This ZIP is ideal for families and professionals working in Bloomington who desire a quieter, suburban lifestyle while remaining within a reasonable commuting distance of major regional employers.
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.
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 3.2% · poverty 7.1% — 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 5.1%/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 5.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 47429, Monroe 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.
Ellettsville generally experiences lower crime rates compared to the broader Monroe County and state averages, with property crime being the primary concern.
The area is served by the Richland-Bean Blossom Community School Corporation, which is generally regarded as providing stable, community-focused educational opportunities.
The region is primarily at risk for severe thunderstorms and occasional flooding in low-lying areas near local creeks, with standard insurance coverage typically sufficient.
Economic momentum is tied to the proximity of Bloomington and Indiana University, with local development focused on residential expansion and small-scale commercial growth.
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.
Commuters primarily travel via State Road 46 to reach employment hubs in Bloomington, with typical drive times ranging from 15 to 25 minutes.
Residents have access to local parks like Marci Jane Lewis Park and are within a short drive of the extensive recreational facilities and lakes in neighboring Bloomington.
The rental market is characterized by low vacancy rates due to demand from university-affiliated workers and families seeking suburban alternatives to Bloomington.
The economy is heavily influenced by the Bloomington labor market, anchored by Indiana University, healthcare systems, and regional manufacturing.
Transportation is primarily automobile-dependent, with State Road 46 serving as the main artery connecting the area to Bloomington and Spencer.
Local planning focuses on managing residential growth while preserving the small-town character of Ellettsville.
The Monroe County Assessor manages property valuations using a mass appraisal system based on annual market adjustments.
Parcels are subject to Richland-Bean Blossom Community School Corporation taxes and local municipal service districts.
Property insurance rates are stable, reflecting the area's low exposure to catastrophic natural disasters.
Data retrieved from US Census Bureau ZCTA 47429 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.
A central community park featuring playgrounds and picnic areas.
Serves as a local hub for community sports and events.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.