47246 — Decatur County, Indiana Market Snapshot
Housing market data for zip code 47246 in Decatur County, Indiana. Updated monthly with median prices, days on market, and more.
Market Sales Data
13 sales in 2026 (year to date)
Median Sale Price
$256,000
Days to Sell
48
Homes Sold
13
Inventory
10
Sale-to-List
94.8%
New Listings
17
Price/SqFt
$144
Pending Sales
13
Conforming Loan Available
Most homebuyers in 47246 can comfortably use conventional financing. The median home price of $256,000 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
47246's market is balanced with homes taking an average of 48 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
The average home in 47246 sells for 5.2% below asking price (94.8% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 47246 can comfortably use conventional financing. The median home price of $256,000 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 47246 are set at the county level.
2026 Loan Limits — Decatur County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 47246
To purchase the median home at $256,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,111.
Monthly Payment
$2,111
Income Required
$90,488
Principal & Interest
$1,577/mo
Down Payment (5%)
$12,800
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 47246.
Estimated Monthly Payment
$1,734
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