The story of this market
The typical home in ZIP 46341 sells for about $328,067, or $199 per square foot.
Prices are up +5.4% from a year ago, so sellers still have some momentum. Homes take about 54 days to sell. HUD's fair market rent for a two-bedroom is $1,180 a month.
ZIP 46341 — Hebron
The housing market in 46341 shows steady appreciation and low inventory, driven by demand for rural-suburban living. While sales volume remains modest, price growth is supported by limited supply and consistent interest from family buyers. Data points for specific metrics like active inventory and price cuts are based on current portal listings, while demographic figures are sourced from the latest ACS estimates.
This ZIP is well-suited for family buyers and commuters seeking a rural, small-town lifestyle while maintaining access to regional employment centers in Northwest Indiana.
Median prices moved up 5.4% year over year.
Homes spend a median of 54 days on market with 3.0 months of supply — a fast-moving market.
5% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.2% · poverty 6.3% — 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 7.9%/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 6.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 46341
The area is served by the Metropolitan School District of Boone Township, which generally maintains a stable reputation within the rural Porter County context.
The region is subject to standard Midwestern weather risks, including severe thunderstorms and occasional high winds; flood risk is generally low but varies by specific parcel location.
Development is characterized by modest residential expansion and proximity to regional employment hubs in Northwest Indiana and the Chicago metropolitan area.
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 primarily commute by car toward employment centers in Valparaiso, Merrillville, and the broader Chicago-Gary-Kenosha corridor via US-231 and nearby state highways.
Local amenities include proximity to rural parklands, community sports facilities in Hebron, and easy access to the larger recreational offerings of the Indiana Dunes and Lake Michigan shoreline.
The rental market is limited in depth, primarily consisting of single-family homes and small-scale multi-family units with low vacancy pressure.
The local economy is driven by a mix of agriculture, local services, and a workforce that commutes to industrial and professional hubs in Porter and Lake Counties.
Transportation is heavily reliant on private vehicle use, with US-231 serving as the primary arterial corridor for regional connectivity.
Development is primarily focused on low-density residential infill and small-scale commercial expansion within the town limits.
The Porter County Assessor manages property valuations using a mass appraisal system based on annual market adjustments.
Parcels are subject to levies from the Metropolitan School District of Boone Township and various county-wide special service districts.
Property insurance premiums are influenced by regional exposure to severe convective storms and standard Midwestern hazard profiles.
Data retrieved from Census Bureau ZCTA 46341 profiles.
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. Source: NCES EDGE public school locations 2023-24.
Central community park providing local recreation space.
Regional green space serving the surrounding township.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.