The story of this market
The typical home in ZIP 47994 sells for about $194,536, or $119 per square foot.
Prices are down 34% from a year ago, which gives buyers more room to negotiate. Homes take about 53 days to sell. HUD's fair market rent for a two-bedroom is $638 a month.
ZIP 47994 — Wingate
The 47994 housing market is a low-volume, rural environment characterized by high owner-occupancy and modest price appreciation. Recent sales data shows a median price of $194,536, though historical trends indicate significant volatility due to the small sample size of transactions. Market activity remains stable with very low inventory levels.
This ZIP is best suited for rural-lifestyle seekers, retirees, and local agricultural workers who prioritize affordability and a quiet, small-town environment over proximity to major employment centers.
Median prices moved down 34.0% year over year.
Homes spend a median of 53 days on market with 0.3 months of supply — a fast-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 2.8% · poverty 7.8% — 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 10.3%/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 12.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
ZCTA 47994
The area is served by local public school districts; specific ratings are not determinable at the ZIP level.
The area is subject to standard Midwestern climate risks; specific flood or wildfire insurance-climate posture is not determinable.
The local economy is primarily driven by agriculture and small-town services 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) — 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 typically face a commute of approximately 33.8 minutes, primarily relying on personal vehicles to reach regional employment hubs.
Local recreation is centered on rural outdoor activities and small-town community parks within the Wingate area.
The rental market is characterized by low inventory and limited turnover, with rents significantly lower than urban centers.
The economy is largely agricultural with a mix of small-scale retail and service-sector employment.
Transportation is entirely dependent on regional highway networks; no public transit infrastructure exists.
No major commercial or residential developments are currently reported for this rural ZIP code.
Montgomery County Assessor manages property valuations based on annual market adjustments.
Parcels are subject to standard county and township tax levies; no specialized MUD or PID districts are reported.
Property insurance premiums are influenced by rural fire protection ratings and regional weather patterns.
Indiana operates as a judicial foreclosure state.
Indiana requires sellers to provide a standard residential real estate disclosure form covering known material defects.
Data retrieved from Census ACS 2023 via AtlasBig and SimpleMaps.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.
Local public green space serving the town.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.