The story of this market
The typical home in ZIP 47020 sells for about $169,900, or $125 per square foot.
Prices are roughly flat from a year ago (0%), a market in balance. Homes take about 52 days to sell. HUD's fair market rent for a two-bedroom is $1,029 a month.
ZIP 47020 — Florence
The housing market in 47020 is characterized by very low inventory and limited transaction volume, typical of a rural, small-town geography. Prices remain stable and affordable compared to broader regional benchmarks, driven by the area's reliance on local tourism and gaming employment.
This area is primarily suited for rural-lifestyle seekers and those looking for affordable, low-density housing options in a small-town setting.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 52 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 0.0% · poverty 16.4% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 47020, Switzerland 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 anchored by tourism and gaming, specifically the Belterra Casino Resort.
Data retrieved from U.S. Census Bureau ZCTA 47020 profiles.
A major regional anchor attraction located within the ZIP code area.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.