47356 — Madison County, Indiana Market Snapshot
Housing market data for zip code 47356 in Madison County, Indiana. Updated monthly with median prices, days on market, and more.
Market Sales Data
18 sales in 2026 (year to date)
Median Sale Price
$218,950
Days to Sell
20
Homes Sold
18
Inventory
14
Sale-to-List
96.4%
New Listings
21
Price/SqFt
$125
Pending Sales
23
Conforming Loan Available
Most homebuyers in 47356 can comfortably use conventional financing. The median home price of $218,950 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
Homes in 47356 are moving quickly at 20 days on market, indicating healthy buyer demand. Well-priced homes are likely seeing multiple offers.
Sale-to-List Ratio
The average home in 47356 sells for 3.6% below asking price (96.4% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 47356 can comfortably use conventional financing. The median home price of $218,950 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 47356 are set at the county level.
2026 Loan Limits — Madison 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 47356
To purchase the median home at $218,950 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,828.
Monthly Payment
$1,828
Income Required
$78,322
Principal & Interest
$1,349/mo
Down Payment (5%)
$10,948
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 47356.
Estimated Monthly Payment
$1,505
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