The story of this market
The typical home in ZIP 47958 sells for about $89,810, or $59 per square foot.
Homes take about 89 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,010 a month.
ZIP 47958 — Mellott
The housing market in 47958 is extremely low-volume, characterized by a very small inventory and limited sales activity. Current data reflects a rural, stable market with high homeownership rates and a significant reliance on remote work. Figures for specific metrics like year-over-year price change are not determinable due to the lack of sufficient transaction volume.
This ZIP is best suited for rural-lifestyle seekers and those looking for affordable housing options, as it offers a quiet, low-density environment with a high rate of homeownership.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 89 days on market with 0.0 months of supply — a slower-moving market.
0% 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 3.5% · poverty 9.7% — a stable, low-distress profile.
ZCTA 47958, Fountain County, Indiana
The area is characterized by an agricultural economy with limited large-scale industrial or commercial development.
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 face a mean travel time to work of approximately 31 minutes, reflecting the rural nature of the area and reliance on regional employment centers.
The area is primarily rural with limited local recreational infrastructure; shopping and major amenities are located in surrounding regional hubs.
The rental market is small and characterized by high cost-burden pressure, with approximately 75% of renters spending more than 30% of their income on housing.
The local economy is primarily agricultural, with a significant portion of the workforce commuting to regional employment centers or working from home.
Parcels are subject to overlapping taxing districts including municipal, county, and school district levies.
Data retrieved from Census Bureau ACS 2023 5-year estimates for ZCTA 47958.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.
The area is defined by its rural, agricultural character.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.