The story of this market
The typical home in ZIP 47944 sells for about $214,000, or $115 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 88 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $736 a month.
ZIP 47944 — Fowler
The 47944 housing market remains stable with modest price appreciation driven by low inventory and consistent demand for affordable rural housing. While prices are accessible, the market is characterized by low transaction volume and limited new development, requiring careful due diligence for potential investors.
This ZIP is best suited for local workers and budget-conscious buyers seeking rural affordability, though investors should be prepared for management intensity and limited liquidity.
Median prices moved up 2.4% year over year.
Homes spend a median of 88 days on market with 4.2 months of supply — a balanced-paced market.
15% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.5% · poverty 15.5% — 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 7.1%/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 7.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 47944, Benton County 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.
Crime rates in Fowler are generally low and consistent with rural Benton County, remaining well below state and national averages.
The area is served by Benton Community School Corporation, which provides standard rural educational services with moderate performance ratings.
The region is primarily agricultural with low wildfire risk, though localized flooding can occur near drainage basins; standard property insurance is readily available.
Economic momentum is tied to regional agriculture and light manufacturing, with limited new large-scale infrastructure or corporate development projects currently underway.
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 car-dependent, with residents typically driving to nearby employment hubs in Lafayette or West Lafayette.
Local recreation is centered on community parks and rural outdoor spaces, with limited commercial shopping and dining options within the immediate 3-mile radius.
The rental market is characterized by low turnover and limited inventory, with demand driven primarily by local workforce needs.
The economy is heavily reliant on the agricultural sector, with additional employment provided by local government, education, and small-scale retail.
Transportation is dominated by personal vehicle use on state highways; there is no significant public transit infrastructure.
There are no major large-scale commercial or residential developments currently approved or under construction in the ZIP.
Benton County utilizes a standard ad valorem assessment system based on annual market value updates.
Parcels are subject to Benton Community School Corporation taxes and standard county-level service districts.
Property insurance premiums are stable, reflecting the low-hazard, rural nature of the geography.
Net domestic migration is largely stable with minor fluctuations typical of rural Indiana counties.
Indiana is a judicial foreclosure state requiring court intervention for the foreclosure process.
Sellers are required to provide a standard residential real estate disclosure form covering known material defects.
Data retrieved from US Census Bureau ZCTA-level 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.
- Fowler Theatre4.83.6 mi
- Earl Park Community Park4.68.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Local community park providing green space and recreational facilities.
Hosts annual community events and agricultural exhibitions.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.