47331 — Franklin County, Indiana Market Snapshot
Housing market data for zip code 47331 in Franklin County, Indiana. Updated monthly with median prices, days on market, and more.
Market Sales Data
67 sales in 2026 (year to date)
Median Sale Price
$143,520
Days to Sell
41
Homes Sold
67
Inventory
73
Sale-to-List
95.0%
New Listings
97
Price/SqFt
$93
Pending Sales
74
Conforming Loan Available
Most homebuyers in 47331 can comfortably use conventional financing. The median home price of $143,520 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
47331's market is balanced with homes taking an average of 41 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
The average home in 47331 sells for 5.0% below asking price (95.0% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 47331 can comfortably use conventional financing. The median home price of $143,520 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 47331 are set at the county level.
2026 Loan Limits — Franklin 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 47331
To purchase the median home at $143,520 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,250.
Monthly Payment
$1,250
Income Required
$53,554
Principal & Interest
$884/mo
Down Payment (5%)
$7,176
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 47331.
Estimated Monthly Payment
$1,038
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