The story of this market
The typical home in ZIP 47921 sells for about $168,586, or $114 per square foot.
Prices are roughly flat from a year ago (0%), a market in balance. Homes take about 37 days to sell. HUD's fair market rent for a two-bedroom is $864 a month.
ZIP 47921 — Boswell
The housing market in 47921 is a low-turnover, rural environment with limited inventory and stable pricing. Market activity is driven by local demand rather than speculative investment, resulting in a cautious outlook for potential buyers and investors.
This ZIP is best suited for local agricultural workers or those seeking a quiet, low-cost rural lifestyle, rather than commuters or investors seeking high-velocity markets.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 37 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.3% · poverty 20.0% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 47921, Benton and Warren Counties, 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.
The area is primarily agricultural with limited large-scale industrial or commercial development momentum.
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 rural, requiring personal vehicle travel to reach employment centers in Lafayette or surrounding county seats.
Recreation is limited to local rural parks and open spaces; major shopping and entertainment are located in larger regional hubs.
The rental market is thin with limited inventory and modest yield potential, requiring careful underwriting for investors.
The local economy is heavily anchored by the agricultural sector and agribusiness.
Parcels are served by local school corporations and county-level utility and drainage districts.
Standard rural property insurance applies; hazard exposure is primarily related to severe weather events common in the Midwest.
Data retrieved from Census Reporter and Data Commons for ZCTA 47921.
- Adventure Rentals4.516.8 mi
- Fowler Theatre4.88.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Local community green space.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.