47834 — Parke County, Indiana Market Snapshot
Housing market data for zip code 47834 in Parke County, Indiana. Updated monthly with median prices, days on market, and more.
Market Sales Data
45 sales in 2026 (year to date)
Median Sale Price
$221,000
Days to Sell
12
Homes Sold
45
Inventory
43
Sale-to-List
97.6%
New Listings
73
Price/SqFt
$139
Pending Sales
52
Conforming Loan Available
Most homebuyers in 47834 can comfortably use conventional financing. The median home price of $221,000 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
47834 is an extremely competitive market with homes selling in just 12 days on average. Buyers need pre-approval letters ready before making offers.
Sale-to-List Ratio
The average home in 47834 sells for 2.4% below asking price (97.6% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 47834 can comfortably use conventional financing. The median home price of $221,000 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 47834 are set at the county level.
2026 Loan Limits — Parke 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 47834
To purchase the median home at $221,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,843.
Monthly Payment
$1,843
Income Required
$78,996
Principal & Interest
$1,362/mo
Down Payment (5%)
$11,050
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 47834.
Estimated Monthly Payment
$1,518
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