46056 — Madison County, Indiana Market Snapshot
Housing market data for zip code 46056 in Madison County, Indiana. Updated monthly with median prices, days on market, and more.
Market Sales Data
10 sales in 2026 (year to date)
Median Sale Price
$241,250
Days to Sell
28
Homes Sold
10
Inventory
5
Sale-to-List
98.3%
New Listings
9
Price/SqFt
$194
Pending Sales
8
Conforming Loan Available
Most homebuyers in 46056 can comfortably use conventional financing. The median home price of $241,250 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
Homes in 46056 are moving quickly at 28 days on market, indicating healthy buyer demand. Well-priced homes are likely seeing multiple offers.
Sale-to-List Ratio
Homes are selling very close to asking price in 46056 (98.3% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 46056 can comfortably use conventional financing. The median home price of $241,250 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 46056 are set at the county level.
2026 Loan Limits — Madison 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 46056
To purchase the median home at $241,250 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,998.
Monthly Payment
$1,998
Income Required
$85,645
Principal & Interest
$1,487/mo
Down Payment (5%)
$12,063
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 46056.
Estimated Monthly Payment
$1,643
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