47374 — Wayne County, Indiana Market Snapshot
Housing market data for zip code 47374 in Wayne County, Indiana. Updated monthly with median prices, days on market, and more.
Market Sales Data
138 sales in 2026 (year to date)
Median Sale Price
$145,900
Days to Sell
49
Homes Sold
138
Inventory
119
Sale-to-List
95.1%
New Listings
196
Price/SqFt
$119
Pending Sales
160
Conforming Loan Available
Most homebuyers in 47374 can comfortably use conventional financing. The median home price of $145,900 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
47374's market is balanced with homes taking an average of 49 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
The average home in 47374 sells for 4.9% below asking price (95.1% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 47374 can comfortably use conventional financing. The median home price of $145,900 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 47374 are set at the county level.
2026 Loan Limits — Wayne 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 47374
To purchase the median home at $145,900 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,268.
Monthly Payment
$1,268
Income Required
$54,336
Principal & Interest
$899/mo
Down Payment (5%)
$7,295
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 47374.
Estimated Monthly Payment
$1,053
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