The story of this market
The typical home in ZIP 47611 sells for about $206,000, or $114 per square foot.
Homes take about 5 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,938 a month.
ZIP 47611 — Chrisney
The 47611 housing market is a low-volume, rural market characterized by high owner-occupancy and modest price points. Recent data shows limited inventory and stable pricing, with few transactions occurring monthly. Market conditions remain balanced due to the low volume of both listings and sales.
Fits local residents and those seeking rural, affordable single-family housing; less suitable for those requiring proximity to major urban employment hubs.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 5 days on market with 3.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.8% · poverty 10.1% — 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 5.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
ZCTA 47611
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.
Rural location requiring personal vehicle for all commuting; access to regional employment centers is via state routes.
Limited local amenities; primarily rural landscape with small-town community features in Chrisney.
Limited rental market depth; Redfin estimates suggest a monthly rental value of approximately $1,938.
Primarily rural economy with local services; residents typically commute to larger regional hubs for major employment.
Parcels are subject to Hammond Township-North tax district assessments.
Data retrieved from Census Reporter ZCTA 47611 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. Source: NCES EDGE public school locations 2023-24.
Small rural community center in Spencer County.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.