Zip 47340 (Farmland, IN) Housing

Farmland, Indiana has a median housing value of $136,100 which is significantly lower than the national median value of $338,100. Despite this lower value, the 1 year appreciation rate for housing in Farmland is 13.04%, which is higher than the 8.27% appreciation rate seen nationally. This indicates that home values are rising quickly in Farmland and could be a great opportunity for potential buyers looking to invest in a new home.

The median home cost in Farmland (zip 47340) is $136,100. Home appreciation the last 10 years has been 73.6%. Home Appreciation in Farmland (zip 47340) is up 15.1%.

Average Age of Homes

- The median age of Farmland (zip 47340) real estate is 63 years old

The Rental Market in Farmland (zip 47340)

- Renters make up 15.3% of the Farmland (zip 47340) population
- 0.4% of houses and apartments in Farmland (zip 47340), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Farmland, Indiana	United States
	1,397.0	139,647,020.0
	54	42
	$136,100	$338,100
	15.1%	16.6%
	51.5%	57.0%
	73.6%	101.1%
	$8.51	$10.98
	$845	$2,690
	70.0%	57.4%
	10.2%	11.2%
	19.8%	31.4%
Vacant Housing
	0.4%	1.9%
	0.6%	0.4%
	0.6%	0.7%
	2.9%	0.4%
	1.1%	3.6%
	4.4%	4.1%
Value of Owner-Occupied Housing
	0.2%	2.6%
	2.8%	2.4%
	7.9%	2.8%
	15.3%	3.9%
	11.0%	4.5%
	18.1%	11.3%
	20.5%	13.0%
	16.3%	20.1%
	3.7%	13.6%
	0.0%	8.3%
	3.7%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.6%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	7.8%	13.6%
	7.8%	13.6%
	6.8%	13.6%
	8.9%	13.2%
	17.5%	14.8%
	6.8%	13.6%
	9.4%	10.0%
	1.9%	4.7%
	32.6%	12.2%

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