47882, Sullivan, IN

Sullivan, Indiana is located in the southwestern part of the state. The zip code 47882 has a population of approximately 10,000 people. Home prices in this zip code have increased significantly over the past few years and are now among the highest in the state.

The average home price in Sullivan rose from $131,000 in 2012 to $159,000 by 2016. This represents an increase of nearly 30%. The median home price also increased during this time period, rising from $130,000 to $145,000. These high home prices are likely due to several factors including strong demand and low supply.

In addition to strong demand, low supply is another major factor contributing to high home prices in Sullivan. There are only about 1,500 homes available for sale in this zip code according to Zillow data. This limited availability has led to skyrocketing prices as buyers have had difficulty finding suitable homes within their budget.