The story of this market
The typical home in ZIP 47942 sells for about $124,400.
Prices are roughly flat from a year ago (0%), a market in balance. HUD's fair market rent for a two-bedroom is $955 a month.
ZIP 47942 — Earl Park
The housing market in 47942 is stable, supported by a strong local economy and high household incomes relative to the county. While specific real-time sales data is limited, the area's appeal is driven by its affordability and access to quality schools. Growth remains steady, characterized by a mature demographic and consistent demand for community-oriented living.
This ZIP fits families and retirees seeking an affordable, community-oriented lifestyle with access to strong school systems. It is less suited for those prioritizing urban amenities or high-density rental investment.
Median prices moved sideways 0.0% year over year.
Awaiting this reading — not graded.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.8% · poverty 7.6% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 47942, Benton and Tippecanoe 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.
Tippecanoe County has a violent crime rate lower than the Indiana state and national averages. Specific crime trends for ZIP 47942 are not published, but the broader county data suggests a relatively safe environment.
The area is served by the Tippecanoe School Corporation, which is characterized by good to excellent school ratings and strong performance in core academic proficiencies.
Specific flood, wildfire, or wind hazard data for ZIP 47942 is not detailed, though Tippecanoe County maintains a Multi-Hazard Mitigation Plan.
The broader area benefits from a strong manufacturing base including Caterpillar and Subaru Indiana Automotive, alongside the economic influence of Purdue University.
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.
The average commute time is 24.2 minutes, indicating a reliance on personal vehicles for travel to employment centers in Lafayette and West Lafayette.
Specific local parks or shopping within 3 miles are not detailed, though the broader county is engaged in ongoing riverfront and trail development initiatives.
The rental market is stable with a 12.71% renter share and a 12.57% vacancy rate, suggesting moderate availability.
The economy is diversified across manufacturing, healthcare, and education, with major regional employers including Purdue University and large-scale automotive manufacturing.
Transportation relies primarily on highway corridors connecting the area to the Lafayette employment core.
The Tippecanoe County Area Plan Commission oversees zoning and development, with current projects focused on regional infrastructure and healthcare facility expansions.
Tippecanoe County assesses property based on market value, coordinating planning and assessment across its jurisdictions.
The area is served by the Tippecanoe School Corporation and the county's Soil and Water Conservation District.
Specific property insurance market health for this ZIP is not determinable.
Data retrieved from US Census Bureau ACS tables.
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.
The primary community hub within the ZIP code.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.