The story of this market
The typical home in ZIP 46151 sells for about $227,500, or $137 per square foot.
Prices are roughly flat from a year ago (+0.7%), a market in balance. Homes take about 46 days to sell. HUD's fair market rent for a two-bedroom is $1,006 a month.
ZIP 46151 — Martinsville
The housing market in 46151 shows modest growth with a median sale price of $227,500, reflecting a 0.7% year-over-year increase. Market activity remains somewhat competitive with a median of 46 days on market. Several data points, including specific rent, tax rates, and demographic breakdowns, are not currently published at the ZIP level.
Median prices moved up 0.7% year over year.
Homes spend a median of 46 days on market with 0.0 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 4.5% · poverty 9.3% — a stable, low-distress profile.
ZCTA 46151, Morgan County IN
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.
not determinable
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).