47421 — Monroe County, Indiana Market Snapshot
Housing market data for zip code 47421 in Monroe County, Indiana. Updated monthly with median prices, days on market, and more.
Market Sales Data
104 sales in 2026 (year to date)
Median Sale Price
$231,750
Days to Sell
50
Homes Sold
104
Inventory
107
Sale-to-List
97.4%
New Listings
127
Price/SqFt
$153
Pending Sales
121
Conforming Loan Available
Most homebuyers in 47421 can comfortably use conventional financing. The median home price of $231,750 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
47421's market is balanced with homes taking an average of 50 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
The average home in 47421 sells for 2.6% below asking price (97.4% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 47421 can comfortably use conventional financing. The median home price of $231,750 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 47421 are set at the county level.
2026 Loan Limits — Monroe 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 47421
To purchase the median home at $231,750 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,926.
Monthly Payment
$1,926
Income Required
$82,525
Principal & Interest
$1,428/mo
Down Payment (5%)
$11,588
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 47421.
Estimated Monthly Payment
$1,584
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