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Area data

Butler, IN — ZIP 46721

Population: 4,739 (Census ACS)

The median home value in ZIP 46721 (Butler, IN) is $209,336 — up 7.3% over the past year. Homes sell for a median $166,000 after a median 44 days on market. 2 schools serve the area (NCES). FEMA's National Risk Index rates the county's overall natural-hazard risk Very Low, with strongwind, tornado the top-rated hazards. Cost of living is 9.5% below the US average (BEA, metro/state-level).

Backed by 25+ public sourcesFEMA · U.S. Census · NOAA · Dept. of Education · EPA · and more

$209,336

Median home value

+7.3%

1-year change

44

Median days on market

Very Low

Hazard risk (county)

Home values & appreciation

Median home value
$209,336
1-year appreciation
+7.3%
3-year appreciation
+22.9%
5-year appreciation
+41.9%
10-year appreciation
+115.5%
All-time peak (2026-07)
$209,336
House Price Index (state)
367.2 (+2.9% YoY)

Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)

Market activity

Median sale price
$166,000
Median list price
$289,900
Median price per sqft
$124
1-year sale-price change
-21.1%
Median days on market
44 days
Homes sold (recent period)
17
For-sale inventory
8
Sale-to-list ratio
98.5%
Active listings
4
1-year forecast
+3.8%
New listings (monthly)
4

Source: recent area sales and market data (ZIP-level)

Rents

Studio fair-market rent
$750/mo
1BR fair-market rent
$937/mo
2BR fair-market rent
$1,156/mo
3BR fair-market rent
$1,502/mo
4BR fair-market rent
$1,734/mo

Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)

Affordability

Cost of living index (Below Average)
90.5 (100 = US avg)
Electricity rate (state-level)
16.2¢/kWh
Natural gas rate (state-level)
$11.50/MCF
30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)

Schools

Total schools
2
Elementary schools
1
Middle schools
0
High schools
1
Schools include
Butler Elementary School, Eastside Junior-Senior High School

Source: NCES school directory, 2022-23 (school-address-based)

Natural hazards & flood risk

Overall hazard risk (county)
Very Low
Top hazards (county)
strongWind, tornado
Notable hazard ratings (county)
coldWave: Relatively Low · drought: Relatively Low · hail: Relatively Low · iceStorm: Relatively Low · inlandFlooding: Relatively Low · lightning: Relatively Low
FEMA flood zone
X
Flood risk level
Minimal
Wildfire risk to homes (county)
Higher than 3% of US counties
Buildings in wildfire direct-exposure zone
36.2%
Radon potential (county)
High radon potential — EPA Zone 1 of 3
EPA Superfund (NPL) sites within 5 mi
None
EPA recommends radon testing for every home regardless of zone.

Sources: FEMA National Risk Index (county-level) · FEMA flood data (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL

Climate (30-year normals)

Annual precipitation
37.9 in
USDA plant hardiness zone
6a (extreme annual low -10 to -5°F)

Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)

Walkability & transit

Walkability index
3.0 / 20
Transit service frequency
-99,999
Jobs reachable by car (30 min)
12,501
Jobs reachable by transit (45 min)
11,090

Source: EPA Smart Location Database (metropolitan block groups)

Amenities

Airports within 30 mi
39
Nearest airport
Kline Field (4 mi)
Nearest major airport
Fort Wayne International Airport (FWA) (35 mi)
Hospitals nearby (~15 mi)
5
Hospitals include
PARKVIEW REGIONAL MEDICAL CENTER, ORTHOPAEDIC HOSPITAL AT PARKVIEW NORTH, PARKVIEW DEKALB HOSPITAL
Avg hospital rating (CMS)
3.3 / 5
Best hospital rating nearby (CMS)
4.0 / 5
Solar radiation rating
Fair (3.9 kWh/m²/day)

Sources: National Park Service · FAA airport data · CMS hospital data · DOE/NREL (proximity-based)

Migration

Net migration (county)
+124 tax filers

Source: IRS county-to-county migration data (county-level, ~12-month lag)

Housing stock

Median year housing built
1,959
Housing built before 1970
59.5%
Housing built 2000 or later
13.9%
Median annual property tax
$933
Mean commute to work
19 min
Households with broadband internet
40.9%

Source: Census ACS 5-year estimates (ZIP-level)

Employment & development

Total county employment
19,703
Average weekly wage
$1,228
Top industries (by employment)
Health Care, Accommodation & Food, Construction
Annual residential building permits (county)
116

Sources: BLS QCEW (county-level) · Census Building Permits (county-level)

How it compares

ZIP 46721State medianUS median
Median home value$209,336$237,170$289,727
Median sale price$166,000$238,000$325,000
Median days on market44 days38 days51 days
Median annual property tax$933$1,179$2,006

State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.

Area data compiled from public government, academic, and industry research feeds. Data sources →

Common questions

What is the median home value in ZIP 46721?
$209,336.
What is the median sale price in ZIP 46721?
$166,000.
How long do homes take to sell in ZIP 46721?
Median days on market: 44 days.
What is typical rent in ZIP 46721?
2-bedroom fair-market rent: $1,156/month (HUD FMR — a 40th-percentile regulatory reference, not market-observed).
What is the natural-hazard risk in ZIP 46721?
Overall risk: Very Low (FEMA NRI, county-level). Top hazards: strongWind, tornado.
Is ZIP 46721 in a flood zone?
Minimal (FEMA NFIP). FEMA flood zone X.
What is the wildfire risk in ZIP 46721?
Risk to homes is higher than 3% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
What is the radon potential in ZIP 46721?
High radon potential — EPA Zone 1 of 3, county-level. EPA recommends testing every home regardless of zone.
Are there Superfund sites near ZIP 46721?
No current or proposed National Priorities List sites within 5 miles (EPA).
How many schools serve ZIP 46721?
2 schools (1 elementary, 1 high) (NCES, 2022-23).
Is ZIP 46721 walkable?
Walkability index: 3.0/20 (EPA Smart Location Database).
What is the cost of living in ZIP 46721?
Regional Price Parity: 90.5 (100 = US average) (Below Average) (BEA RPP, metro/state-level).

Nearby ZIP codes

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Data last updated

Most recent source refresh: Sep 2026. See all data sources →

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