47462 — Lawrence County, Indiana Market Snapshot
Housing market data for zip code 47462 in Lawrence County, Indiana. Updated monthly with median prices, days on market, and more.
Market Sales Data
10 sales in 2026 (year to date)
Median Sale Price
$362,200
Days to Sell
60
Homes Sold
10
Inventory
22
Sale-to-List
98.9%
New Listings
25
Price/SqFt
$186
Pending Sales
17
Conforming Loan Available
Most homebuyers in 47462 can comfortably use conventional financing. The median home price of $362,200 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
With homes sitting for 60 days on average, 47462 favors buyers. There may be opportunities to negotiate below asking price or request seller concessions for closing costs or rate buydowns.
Sale-to-List Ratio
Homes are selling very close to asking price in 47462 (98.9% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 47462 can comfortably use conventional financing. The median home price of $362,200 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 47462 are set at the county level.
2026 Loan Limits — Lawrence 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 47462
To purchase the median home at $362,200 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,925.
Monthly Payment
$2,925
Income Required
$125,360
Principal & Interest
$2,232/mo
Down Payment (5%)
$18,110
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 47462.
Estimated Monthly Payment
$2,392
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