46947 — Carroll County, Indiana Market Snapshot
Housing market data for zip code 46947 in Carroll County, Indiana. Updated monthly with median prices, days on market, and more.
Market Sales Data
78 sales in 2026 (year to date)
Median Sale Price
$160,000
Days to Sell
40
Homes Sold
78
Inventory
49
Sale-to-List
98.0%
New Listings
89
Price/SqFt
$113
Pending Sales
95
Conforming Loan Available
Most homebuyers in 46947 can comfortably use conventional financing. The median home price of $160,000 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
46947's market is balanced with homes taking an average of 40 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
The average home in 46947 sells for 2.0% below asking price (98.0% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 46947 can comfortably use conventional financing. The median home price of $160,000 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 46947 are set at the county level.
2026 Loan Limits — Carroll 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 46947
To purchase the median home at $160,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,376.
Monthly Payment
$1,376
Income Required
$58,966
Principal & Interest
$986/mo
Down Payment (5%)
$8,000
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 46947.
Estimated Monthly Payment
$1,140
Connect with a LoanGraphs Loan Officer
Get expert guidance for zip code 46947. Tell us what you're looking for.