The story of this market
The typical home in ZIP 47949 sells for about $307,400, or $86 per square foot.
Homes take about 67 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,038 a month.
ZIP 47949 — Hillsboro
The housing market in 47949 is characterized by very low inventory and limited sales activity, making it a quiet, rural market. Prices remain relatively low compared to national averages, and the area is seeing modest population growth. Most metrics for this ZIP are derived from small-sample census data, reflecting its rural nature.
This ZIP is primarily suited for those seeking affordable, rural housing options, appealing to local residents and those looking for lower-cost living compared to surrounding areas.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 67 days on market with 1.0 months of supply — a fast-moving market.
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 1.3% · poverty 9.3% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 47949, Fountain County, Indiana
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.
The rental market is characterized by low vacancy rates and a limited supply of multi-family housing, with most rentals being single-family homes or small units.
The local economy is primarily rural with a mix of small-town services and agricultural-related industries.
Data retrieved from Census Bureau ACS and ZCTA-level profiles.
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.