47648, Fort Branch, IN

Fort Branch, Indiana is located in the northeast corner of the state. The zip code 47648 has a population of just over 10,000 people and covers an area of about 2 square miles. According to the 2010 census, the median household income in this zip code is $60,000. This is much lower than the statewide median household income of $72,500. However, when compared to other zip codes in Indiana, Fort Branch's median household income is relatively high.

Home prices in Fort Branch have been on a steady decline for the past several years. In 2007, home prices in this zip code were estimated to be worth $128,000. By 2011, home prices had fallen by almost half to $65,000. In 2013 and 2014 they decreased even further to $54,000 and $51,000 respectively. In 2015 home prices increased slightly to $55,500 but have since decreased again to their current value of $53K.

There are a number of factors that may be contributing to this downward trend in home values in Fort Branch:

-The economy has been weak for many years now and there has been a decrease in demand for homes

-The population growth rate has been slower than average

-There are not many new homes being built within this zip code

-The availability of credit has become more difficult over time This downward trend appears likely to continue as long as these factors remain unchanged.