The story of this market
The typical home in ZIP 47922 sells for about $113,117, or $65 per square foot.
Homes take about 114 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,096 a month.
ZIP 47922 — Brook
The housing market in 47922 is characterized by low inventory and modest sales activity, with a median sale price of approximately $113,117. The market is stable but quiet, with long days on market and limited new construction, reflecting its rural, small-town nature. Data for specific metrics like year-over-year price change and certain school ratings are not currently published at the ZIP level.
This ZIP code is best suited for buyers seeking affordable, rural, single-family housing in a quiet, small-town setting, rather than commuters or investors looking for high-density rental demand.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 114 days on market with 0.3 months of supply — a balanced-paced market.
14% 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 9.3% — 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 6.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 47922, Indiana
The area is a rural, small-town environment with modest residential development activity, primarily focused on single-family construction.
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.
Residents primarily rely on personal vehicles for commuting, with a mean travel time to work of approximately 26.5 minutes.
The area is characterized by a quiet, rural atmosphere with limited immediate access to major commercial shopping, nightlife, or large-scale recreational amenities.
The rental market is characterized by a high vacancy rate of approximately 24%, suggesting limited depth and pressure in the local rental sector.
The local economy is primarily rural and agricultural, with limited major industrial or corporate employers within the immediate ZIP code.
Transportation is almost exclusively dependent on private vehicle use, with no significant public transit infrastructure serving the area.
There are no major large-scale commercial or residential developments currently reported as approved or under construction in this ZIP code.
Data retrieved from Census Reporter and AtlasBig based on ACS 2023 estimates.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.