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A tight-supply market with no rental pool to price against. Demand is visible here; the rent math is not.
What would change this read: the median listing price is −6.7% YoY. inventory, +28.3% YoY, is the number to watch.
The median listing price is down 6.7% YoY while the median home got down 2.6% bigger, so value per square foot is up 19.2%.
U.S. Census ACS characteristics for ZIP 47201 itself, not its parent county.
Renters hold 36.8% of this ZIP's 19,581 occupied households, on a median household income of $84K.
| Measure | ZIP 47201 | Bartholomew County | Difference |
|---|---|---|---|
| Median Household Income | $84K | $80K | +$4K |
| Below Poverty Level | 11.0% | 10.5% | +0.5% |
| Median Age | 36.80 | 37.50 | -0.70 |
| Total Population | 47,900 | 83,536 | -- |
| Avg Household Size | 2.42 | 2.47 | -0.05 |
| Owner-Occupied | 63.2% | 69.3% | -6.1% |
| Worked From Home | 14.2% | 13.8% | +0.4% |
| Mean Commute | 20.40 | 21.50 | -1.10 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is up 0.8% to 83,536: residents under 18 are up 0.0% and those 65 and over are up 1.8%.
County median household income is $80K, 10.5% of residents are below the poverty level, 13.8% work from home.