The story of this market
The typical home in ZIP 47990 sells for about $185,000, or $112 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 48 days to sell. HUD's fair market rent for a two-bedroom is $1,116 a month.
ZIP 47990 — Waynetown
The housing market in 47990 remains stable with low inventory and modest price appreciation. Demand is driven by local affordability and the rural lifestyle, though limited new construction keeps the market tight.
This ZIP is best suited for families and individuals seeking a quiet, affordable rural lifestyle who are comfortable with a short commute to larger employment centers in Montgomery County.
Median prices moved up 2.4% year over year.
Homes spend a median of 48 days on market with 3.2 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.5% · poverty 10.2% — 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 6.5%/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 5.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 47990, Montgomery 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 Waynetown are generally low and consistent with rural Montgomery County trends, remaining well below state and national averages.
The area is served by the North Montgomery Community School Corporation, which maintains a stable reputation for rural public education.
The region faces moderate risk from severe thunderstorms and occasional wind events, with standard flood insurance requirements for properties located near local creek floodplains.
Economic momentum is driven by local agricultural support services and proximity to Crawfordsville, which serves as the primary employment and retail hub for the county.
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 driving 10-15 minutes to Crawfordsville or utilizing I-74 for access to the greater Lafayette or Indianapolis employment corridors.
Local amenities include small community parks and proximity to regional outdoor recreation areas in Montgomery County, with limited retail options requiring travel to nearby larger towns.
The rental market is characterized by low inventory and steady demand from local workers, with limited turnover and minimal short-term rental activity.
The economy is anchored by agricultural production, local government, and small-scale manufacturing, with significant reliance on the broader Montgomery County labor market.
Transportation is dominated by private vehicle use, with I-74 serving as the primary artery for regional connectivity.
Development is primarily focused on small-scale residential infill and maintenance of existing infrastructure.
The Montgomery County Assessor manages property valuations using a mass appraisal system based on annual market adjustments.
Parcels are subject to North Montgomery Community School Corporation taxes and local municipal levies.
Property insurance remains stable, though premiums are sensitive to regional weather-related claims common in the Midwest.
Data retrieved from US Census Bureau American Community Survey 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.
- Ironman Raceway4.88.1 mi
- Wea Creek Orchard4.719.7 mi
- Adventure Rentals4.517.1 mi
- Shades State Park4.811 mi
- Milligan Park4.59 mi
- Rotary Jail Museum4.88 mi
- Pine Hills Nature Preserve4.811 mi
- Sugar Creek Nature Park4.57.8 mi
- Rotary Jail Museum4.88 mi
- Historic Cox Ford Covered Bridge4.816.9 mi
- Historic Narrows Covered Bridge4.715.5 mi
- General Lew Wallace Study & Museum4.68.5 mi
- Shades State Park4.811 mi
- Milligan Park4.59 mi
- Pine Hills Nature Preserve4.811 mi
- Sugar Creek Nature Park4.57.8 mi
- Crawfordsville Parks and Recreation4.59.3 mi
- Trader Buck’s Flea Market4.18.8 mi
- Crawfordsville Square4.18.7 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.
Regional hub for community events and agricultural exhibitions located nearby.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.