The story of this market
The typical home in ZIP 46347 sells for about $289,049, or $155 per square foot.
Prices are up +4.2% from a year ago, so sellers still have some momentum. Homes take about 67 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,130 a month.
ZIP 46347
The 46347 housing market remains stable with high owner-occupancy and steady home values, driven by its appeal as a quiet, rural-suburban community. While inventory is limited and new construction is modest, the market shows resilience with consistent demand for single-family homes. Rent data is limited to small-scale inventory, reflecting the area's focus on homeownership.
This ZIP is best suited for families and long-term residents seeking a quiet, rural-suburban lifestyle with high homeownership rates and proximity to Valparaiso's amenities.
Median prices moved up 4.2% year over year.
Homes spend a median of 67 days on market with 5.2 months of supply — a balanced-paced market.
12% 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 3.3% · poverty 1.6% — 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 6.4%/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 5.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 46347, Porter County IN
Crime rates in the Kouts area are generally low and stable, consistent with rural Porter County trends and significantly lower than regional urban centers.
The area is served by the East Porter County School Corporation, which maintains a reputation for solid academic performance and community-focused education.
The region faces standard Midwestern weather risks, including seasonal wind and thunderstorm activity; flood risk is generally low, though localized drainage issues can occur.
Economic momentum is driven by proximity to the Valparaiso employment hub and regional logistics sectors, with modest residential development focused on single-family expansion.
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.
Commuters primarily rely on US-49 and US-6 to access Valparaiso and the broader Northwest Indiana employment corridor; transit options are limited, necessitating personal vehicle use.
The area features local community parks and proximity to rural outdoor spaces, with major shopping and dining amenities located approximately 10-15 minutes away in Valparaiso.
The rental market is limited in depth, characterized by a high owner-occupancy rate and a small inventory of single-family rentals and studio apartments.
The economy is anchored by regional logistics, manufacturing, and agricultural support services, with many residents commuting to Valparaiso or the Chicago metro area.
Transportation is dominated by highway corridors including US-6 and US-49; public transit infrastructure is minimal, reflecting the area's rural character.
Development is primarily focused on low-density residential expansion and minor infrastructure improvements to support existing town growth.
The Porter County Assessor manages property valuations, utilizing annual adjustments based on market sales data to determine taxable assessments.
Parcels are subject to East Porter County School Corporation taxes and standard county-level service districts.
Property insurance premiums are stable, reflecting the area's low-to-moderate risk profile for natural disasters.
Indiana is a judicial foreclosure state, requiring court intervention for the foreclosure process.
Sellers are required to provide a standard residential real estate disclosure form detailing the condition of the property.
Data retrieved from U.S. Census Bureau ACS 5-Year Estimates.
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.
Local recreational space serving the town center.
Regional anchor located nearby in Valparaiso.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.