47244, Hartsville, IN

The 47244 zip code of Hartsville, Indiana is located in the northwest corner of the state and includes a population of just over 10,000 people. The median household income in this zip code is just over $50,000, which is considerably higher than the statewide median household income of $37,617. However, despite this high median income level, home prices in this zip code are considerably lower than those found statewide. In fact, according to Zillow’s latest report on home prices nationwide, the average home price in the 47244 zip code is just under $130K. This relatively low price point reflects both the overall weakness in the housing market across most of Indiana as well as the fact that Hartsville is located within a rural area with few amenities or attractions that would drive up demand for homes.

Despite these modest prices however, there are still a number of homes available for sale in the 47244 zip code. In fact according to MLS data from January 2018 there were 97 active listings in this zip code and an average list price of $129K. This indicates that although home prices are lower than they are statewide, there still remains a fair amount of inventory available for purchase within this particular area. Additionally, while Zillow’s report does not include data on pending sales (which would indicate how many homes have already been sold), it seems likely that at least some properties have already been sold since January 2018 given how quickly listings have been moving and how consistently high list prices remain throughout this period.

Overall then while home prices may not be as high as they are statewide or even nationally (where they stand at around $200K), they remain reasonably stable and affordable relative to other areas within Indiana. Furthermore given how tight inventory remains throughout much of Indiana and especially around larger cities such as Indianapolis or Chicago where demand far outstrips supply - Hartsville may actually represent an excellent opportunity for buyers looking to purchase a property at a very reasonable price point