The story of this market
The typical home in ZIP 47448 sells for about $159,500, or $135 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 62 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $915 a month.
ZIP 47448 — Nashville
The housing market in 47448 remains stable with low inventory and modest price appreciation. Demand is driven by the area's appeal as a tourist destination and rural retreat, though limited new construction keeps supply tight.
This ZIP is ideal for nature enthusiasts, retirees, and those seeking a rural lifestyle, while also attracting investors interested in the robust short-term vacation rental market.
Median prices moved up 2.1% year over year.
Homes spend a median of 62 days on market with 6.5 months of supply — a balanced-paced market.
18% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.3% · poverty 7.9% — 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 2.1%/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 2.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 47448, Brown 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.
Crime rates in the Nashville area are generally low and stable, consistently ranking below state and national averages for violent and property crime.
The area is served by the Brown County School Corporation, which maintains a rural, community-focused educational environment with moderate performance ratings.
The region faces moderate risks from severe thunderstorms and localized flooding in low-lying areas, with standard insurance coverage typically available.
Economic momentum is driven by tourism centered on the Nashville arts district and proximity to Bloomington, with limited large-scale industrial development.
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.
Commuting is primarily car-dependent, with residents traveling via SR 46 to reach employment hubs in Bloomington or Columbus.
The area is a major regional destination for outdoor recreation, featuring Brown County State Park, extensive hiking and mountain biking trails, and local art galleries.
The rental market is tight due to limited inventory and high demand for short-term vacation rentals, which puts upward pressure on long-term housing costs.
The local economy is heavily reliant on tourism, hospitality, and small-scale retail, with many residents commuting to nearby Bloomington for professional employment.
Public transit is non-existent; the area relies entirely on private vehicle travel via state highways.
Development is strictly managed to preserve the rural character of the county, with limited new residential subdivisions approved.
Parcels are subject to Brown County School Corporation taxes and standard county-level levies.
Property insurance premiums are stable but reflect the regional risk of wind and storm damage common in Southern Indiana.
Data retrieved from Census Reporter profile for ZCTA 47448.
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.
Indiana's largest state park, famous for its fall foliage and extensive trail system.
A historic village center featuring numerous art galleries, craft shops, and local eateries.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.