47361, Mount Summit, IN Housing Market
Hyperlocal market intelligence for ZIP code 47361 in IN. Located in Henry County, IN. Part of the New Castle, IN metro area.
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47361, Mount Summit, IN market data
47361, Mount Summit, IN Housing Market Overview
ZIP code 47361's median home value is $157K, up 4.7% over the past year. Its PropertyIQ Score of 42 sits modestly below the state average of 50.
47361, Mount Summit, IN is one of 29,000+ U.S. ZIP codes that PropertyIQ analyzes with AI-powered demand signal scoring. ZIP-level analysis provides the most hyperlocal view of housing market dynamics available, measuring how demand within 47361 compares to the IN state average and identifying outperformance potential before it appears in price data.
Midwestern ZIP codes frequently offer entry prices far below national medians, but performance varies dramatically even within the same city. PropertyIQ scores individual ZIP codes to identify which neighborhoods show the demand signals — fast sales, rising price momentum, few price cuts — that predict near-term appreciation. Within the Midwest, ZIP code 47361's PropertyIQ Score of 42 runs below the Midwest norm.
The PropertyIQ Score for 47361, Mount Summit, IN is built from four inputs measured at the ZIP-code level: Zillow home-value momentum over twelve months, Zillow home-value momentum over three months, the median days listings spend on the market (Realtor.com), and the share of listings with a price cut (Realtor.com). The score runs on a 1 to 99 scale computed across all ZIP codes nationally and calibrated so 50 equals the state average, so a score above 50 points to a micro-market positioned to outperform its state. Momentum here has been positive, with home values up 4.7% over the past year.
View 47361, Mount Summit, IN's PropertyIQ Score and compare it against other ZIP codes in the state. Generate a free AI market report for this ZIP code or explore historical trends on the interactive map to understand how this micro-market has evolved.
47361, Mount Summit, IN is located in Henry County, IN.
This ZIP code is part of the New Castle, IN metro area.
Market data through July 2026. Sourced from Zillow, Realtor.com, Redfin, U.S. Census Bureau, FRED, BLS, and BEA. Per-statistic source and date shown above.
Frequently Asked Questions
Is 47361, Mount Summit, IN a good place to buy real estate in 2026?
PropertyIQ doesn't label markets simply good or bad. Instead, the PropertyIQ Score measures a market's demand momentum against its own state, where 50 marks the state average. 47361, Mount Summit, IN currently scores 42, a easing-momentum reading that leaves it positioned to lag its state modestly over the next three years. For buyers, softening demand tends to open up negotiating room as listings sit longer and price cuts become more common. Backing that up, the median home value here is $157K, up 4.7% over the past year. So whether 47361, Mount Summit, IN is right for you comes down to your goals: a rising-momentum market can favor long-term appreciation but offers less room to negotiate, while a cooling one hands buyers more leverage. Treat the score as a timing signal to weigh alongside your budget, holding period, and plans for the property, not a verdict on the market's quality.
What is the PropertyIQ Score for 47361, Mount Summit, IN?
47361, Mount Summit, IN's PropertyIQ Score is 42, indicating easing momentum on a 1-to-99 scale. The score distills four transparent inputs into a single number: Zillow home-value momentum over the past 12 months, Zillow home-value momentum over the past 3 months, the median days homes spend on the market from Realtor.com, and the share of listings with a price cut, also from Realtor.com. Rising values and faster sales push the score up, while slow sales and frequent price cuts pull it down. The scale is calibrated so 50 equals the state average, meaning a score above 50 predicts the market will outperform its state over the next three years and a score below 50 predicts underperformance. PropertyIQ computes the score across every US market nationally, then recenters it against each state, so 42 places 47361, Mount Summit, IN below its state benchmark.
Are home prices in 47361, Mount Summit, IN rising or falling?
Home prices in 47361, Mount Summit, IN are rising. Over the past year, the median home value increased 4.7%, reaching $157K. Over the latest three months, values slipped 0.5%, a sign near-term demand is softening. PropertyIQ derives these figures from Zillow's home-value index, which tracks the typical value across the market rather than only the homes that happened to sell, giving a steadier read than a raw median sale price. Both the 12-month and 3-month momentum readings feed directly into the PropertyIQ Score, so this price trend is one of the core signals behind 47361, Mount Summit, IN's current score. Keep in mind that appreciation can vary widely by neighborhood and price tier across the ZIP code, so treat these figures as the market-wide baseline rather than a guarantee for any single property.
How current is this ZIP code data?
This 47361, Mount Summit, IN market data is refreshed on a monthly cycle, with the latest figures current through July 2026. PropertyIQ ingests fresh data every month from a range of authoritative sources: home values and rents from Zillow, days on market and price-cut activity from Realtor.com, additional housing signals from Redfin, demographic and housing-stock data from the U.S. Census Bureau, mortgage and macroeconomic series from FRED, and employment figures from the Bureau of Labor Statistics and the Bureau of Economic Analysis. The PropertyIQ Score itself is recomputed every month once the new source data lands, so the score and its four underlying inputs always reflect the most recent complete reporting period rather than a static snapshot. Because official housing data is typically released with a short lag, the current-through date usually trails the present by a few weeks, which is normal across the industry and not a sign the data is out of date.