The story of this market
The typical home in ZIP 46731 sells for about $314,359, or $145 per square foot.
Prices are up +6.9% from a year ago, so sellers still have some momentum. HUD's fair market rent for a two-bedroom is $900 a month.
ZIP 46731
The 46731 market in Craigville shows steady activity with a median home value of $314,359 and a median household income of $108,036. The market is currently seller-favorable, though it remains a niche area for local operators rather than passive investors. Figures for specific metrics like days on market and sales counts are not currently published at the ZIP level.
This ZIP is best suited for experienced local real estate operators who understand the specific risks and management requirements of the area, rather than passive investors.
Median prices moved up 6.9% year over year.
Awaiting this reading — not graded.
7% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) — a stable, low-distress profile.
ZCTA 46731
The area is characterized as a local-operator market with limited outside capital investment and a reliance on experienced local management.
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 rental market exhibits higher turnover compared to neighboring postal codes with a significant management lift required for investors.
The local economy is primarily driven by the Bluffton metro area and surrounding agricultural and small-town industrial sectors.
Data retrieved from US Census Bureau via IncomeByZipCode and Repit
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.