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Area data

Fairmount, IN — ZIP 46928

Population: 4,553 (Census ACS)

The median home value in ZIP 46928 (Fairmount, IN) is $176,083 — up 3.8% over the past year. Homes sell for a median $176,700 after a median 56 days on market. 5 schools serve the area (NCES). FEMA's National Risk Index rates the county's overall natural-hazard risk Relatively Low, with hail, inlandflooding, strongwind 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

$176,083

Median home value

+3.8%

1-year change

56

Median days on market

Relatively Low

Hazard risk (county)

Home values & appreciation

Median home value
$176,083
1-year appreciation
+3.8%
3-year appreciation
+14.6%
5-year appreciation
+30.7%
10-year appreciation
+89.2%
All-time peak (2026-07)
$176,083
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
$176,700
Median list price
$174,900
Median price per sqft
$101
1-year sale-price change
-4.5%
Median days on market
56 days
Homes sold (recent period)
8
For-sale inventory
10
Sale-to-list ratio
98.1%
Active listings
10
1-year forecast
+2.7%

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
5
Elementary schools
2
Middle schools
1
High schools
2
Schools include
Madison-Grant Jr./Sr. High School, Park Elementary School, Virtual Preparatory Academy of Indiana at Madison-Grant K-5, Virtual Preparatory Academy of Indiana at Madison-Grant 6-8, Virtual Preparatory Academy of Indiana at Madison-Grant 9-12

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

Natural hazards & flood risk

Overall hazard risk (county)
Relatively Low
Top hazards (county)
hail, inlandFlooding, strongWind, tornado, winterWeather
Notable hazard ratings (county)
coldWave: Relatively Low · drought: Relatively Low · earthquake: Relatively Low · hail: Relatively Moderate · heatWave: Relatively Low · iceStorm: Relatively Low
FEMA flood zone
A
Flood risk level
High
Wildfire risk to homes (county)
Higher than 1% of US counties
Buildings in wildfire direct-exposure zone
29.8%
Radon potential (county)
High radon potential — EPA Zone 1 of 3
EPA Superfund (NPL) sites within 5 mi
None
Nearest Superfund site
Marion (Bragg) Dump (9.5 mi)
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
44.0 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
5.2 / 20
Transit service frequency
-99,999
Jobs reachable by car (30 min)
5,232
Jobs reachable by transit (45 min)
6,385

Source: EPA Smart Location Database (metropolitan block groups)

Amenities

Airports within 30 mi
48
Nearest airport
Peacock Farms Airport (4 mi)
Nearest major airport
Delaware County Johnson Field (MIE) (19 mi)
Hospitals nearby (~15 mi)
5
Hospitals include
MARION GENERAL HOSPITAL, GRANT-BLACKFORD MENTAL HEALTH, INC, VA N. INDIANA HEALTHCARE SYSTEM
Avg hospital rating (CMS)
3.3 / 5
Best hospital rating nearby (CMS)
5.0 / 5
EV charging stations (within 10 mi)
4
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)
+18 tax filers

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

Housing stock

Median year housing built
1,961
Housing built before 1970
55.4%
Housing built 2000 or later
11.1%
Median annual property tax
$832
Mean commute to work
24 min
Households with broadband internet
65.2%

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

Employment & development

Total county employment
23,202
Average weekly wage
$933
Top industries (by employment)
Health Care, Accommodation & Food, Education
Annual residential building permits (county)
33

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

How it compares

ZIP 46928State medianUS median
Median home value$176,083$237,170$289,727
Median sale price$176,700$238,000$325,000
Median days on market56 days38 days51 days
Median annual property tax$832$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 46928?
$176,083.
What is the median sale price in ZIP 46928?
$176,700.
How long do homes take to sell in ZIP 46928?
Median days on market: 56 days.
What is typical rent in ZIP 46928?
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 46928?
Overall risk: Relatively Low (FEMA NRI, county-level). Top hazards: hail, inlandFlooding, strongWind, tornado, winterWeather.
Is ZIP 46928 in a flood zone?
High (FEMA NFIP). FEMA flood zone A.
What is the wildfire risk in ZIP 46928?
Risk to homes is higher than 1% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
What is the radon potential in ZIP 46928?
High radon potential — EPA Zone 1 of 3, county-level. EPA recommends testing every home regardless of zone.
Are there Superfund sites near ZIP 46928?
No current or proposed National Priorities List sites within 5 miles (EPA).
How many schools serve ZIP 46928?
5 schools (2 elementary, 1 middle, 2 high) (NCES, 2022-23).
Is ZIP 46928 walkable?
Walkability index: 5.2/20 (EPA Smart Location Database).
What is the cost of living in ZIP 46928?
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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