The story of this market
The typical home in ZIP 47034 sells for about $122,500, or $109 per square foot.
Homes take about 129 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $828 a month.
ZIP 47034
The housing market in 47034 is characterized by very low inventory and limited transaction volume, making it a stable but inactive market. Prices remain significantly below national averages, reflecting the rural nature of the Napoleon area. Most data points for specific market metrics like days on market or sales counts are not published due to the extremely small population size.
This ZIP is primarily for rural residents and those seeking low-cost housing in a small-town setting, as it lacks significant commercial or employment density.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 129 days on market with 0.0 months of supply — a slower-moving market.
0% 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) · unemployment 3.2% · poverty 8.1% — a stable, low-distress profile.
ZCTA 47034, Ripley County, IN
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.
The rental market is limited with insufficient comps to determine current market rates; HUD fair market rent for the county is $1,053.
The local economy is primarily rural and agricultural, with limited major employers within the ZIP code itself.
Ripley County assesses property based on market value-in-use, which is the standard for Indiana property tax assessment.
Parcels are subject to Ripley County taxing jurisdictions and local school district levies.
Data retrieved from Data Commons and Census ACS 5-year estimates.
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.