The story of this market
The typical home in ZIP 47565 sells for about $158,232, or $94 per square foot.
Prices are up +5.5% from a year ago, so sellers still have some momentum. Homes take about 96 days to sell, which is slow.
ZIP 47565
The market in 47565 is characterized by low inventory and a buyer's market dynamic, with a median list price of $158,232. Housing supply is constrained by a skilled labor shortage, while economic development efforts are focused on industrial growth and new apartment construction. Specific figures for rent and vacancy are not currently published for this ZIP code.
This area is suited for local workers and those seeking rural affordability, though housing scarcity and a shortage of skilled labor for new construction present challenges for prospective buyers.
Median prices moved up 5.5% year over year.
Homes spend a median of 96 days on market with 7.0 months of supply — a slower-moving market.
0% of listings have cut prices · homes sell at 94% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · poverty 10.7% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 47565
The area is focused on the Southwest Indiana Megasite project and infrastructure improvements like the I-69/SR 61 corridor study to drive economic development.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Indiana) — Standard Homestead Deduction: Removes the first $45,000 of the homestead's assessed value from taxation. 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) — 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 rental market is extremely tight with very few multi-family units available and high demand for existing inventory.
The economy is anchored by industrial development, agriculture, and energy-related feasibility studies, with a focus on workforce expansion.
Major projects include the I-69/SR 61 corridor study and various blight redevelopment initiatives in Petersburg and Winslow.
Data sourced from Data USA Pike County profile.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.
One of the nation's largest industrial development sites.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.