47396 — Delaware County, Indiana Market Snapshot
Housing market data for zip code 47396 in Delaware County, Indiana. Updated monthly with median prices, days on market, and more.
Market Sales Data
21 sales in 2026 (year to date)
Median Sale Price
$239,900
Days to Sell
73
Homes Sold
21
Inventory
14
Sale-to-List
97.1%
New Listings
29
Price/SqFt
$138
Pending Sales
33
Conforming Loan Available
Most homebuyers in 47396 can comfortably use conventional financing. The median home price of $239,900 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
With homes sitting for 73 days on average, 47396 favors buyers. There may be opportunities to negotiate below asking price or request seller concessions for closing costs or rate buydowns.
Sale-to-List Ratio
The average home in 47396 sells for 2.9% below asking price (97.1% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 47396 can comfortably use conventional financing. The median home price of $239,900 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 47396 are set at the county level.
2026 Loan Limits — Delaware 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 47396
To purchase the median home at $239,900 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,988.
Monthly Payment
$1,988
Income Required
$85,202
Principal & Interest
$1,478/mo
Down Payment (5%)
$11,995
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 47396.
Estimated Monthly Payment
$1,635
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