The story of this market
The typical home in ZIP 47948 sells for about $114,900, or $85 per square foot.
Prices are roughly flat from a year ago (0%), a market in balance. Homes take about 102 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $629 a month.
ZIP 47948 — Goodland
The housing market in 47948 is characterized by low inventory and slow turnover, typical of a small rural community. Prices remain affordable compared to national averages, driven by the local agricultural economy and limited new construction activity.
This ZIP is best suited for budget-conscious buyers or those seeking a quiet, rural lifestyle in a small-town setting.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 102 days on market with 6.0 months of supply — a slower-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 3.0% · poverty 11.2% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 47948, Newton 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.
The area is served by the North Newton School Corporation, which provides rural educational services for the community.
The area is primarily agricultural with low risk for major urban hazards, though standard Midwestern weather risks apply.
The local economy is heavily tied to regional agriculture and small-scale commerce with limited large-scale industrial development.
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.
Commuting is primarily car-dependent, with residents typically traveling to nearby regional hubs for employment.
Local recreation is centered on rural outdoor activities and small community parks within the town of Goodland.
The rental market is limited in depth due to the small population size and low turnover of housing stock.
The economy is primarily driven by the agricultural sector and local service-based businesses.
Newton County Assessor manages property valuations based on Indiana's state-mandated assessment cycles.
Parcels are subject to local school district taxes and county-level administrative levies.
Standard residential property insurance applies; premiums are generally lower than in high-density urban areas.
Data retrieved from data.census.gov ZCTA 47948 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.
- Fair Oaks Farms4.315.6 mi
- US 41 Motorplex4.616.3 mi
- Fowler Theatre4.811.8 mi
- Fountain Stone Theaters4.511.8 mi
- Brookside Park4.512.3 mi
- Brookside Park4.512.3 mi
- Earl Park Community Park4.69.8 mi
- Curtis Creek Golf Course4.510.3 mi
- College Square Plaza4.111.8 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.