The story of this market
The typical home in ZIP 46348 sells for about $245,000, or $165 per square foot.
Prices are roughly flat from a year ago (+0.7%), a market in balance. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $988 a month.
ZIP 46348 — Morocco
The housing market in 46348 is characterized by very low inventory and limited sales activity, typical of a rural Indiana community. Prices remain modest compared to regional urban centers, with stability driven by long-term owner occupancy.
This ZIP is primarily suited for buyers seeking rural, small-town living in northern Indiana, offering larger lot sizes and a quiet atmosphere.
Median prices moved up 0.7% year over year.
Homes spend a median of 45 days on market with 3.0 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 3.0% · poverty 15.9% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 46348, LaPorte 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.
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.
The local economy is primarily rural with limited major industrial anchors within the immediate ZIP code.
Data retrieved from US Census Bureau ZCTA 46348 profile.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.