Market Snapshot
- Median listing price
- $140K
- Median rent
- $1,050/mo
- Days on market
- 357 days
- Gross rental yield
- 9.01%
The median listing price in La Fontaine, IN ZIP 46940 is $139,900 as of June 2026.
The median market rent in La Fontaine, IN ZIP 46940 is $1,050/month as of June 2026.
The median days on market in La Fontaine, IN ZIP 46940 is 357 days as of June 2026. The market is currently neutral.
At a median list price of $139,900 and a median rent of $1,050/month, the gross rental yield in La Fontaine, IN ZIP 46940 is 9.01% as of June 2026.
La Fontaine, IN 46940 Real Estate Market Report
ZIP Code: 46940
Report Date: June 2026
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Property Taxes
Liquidity & Velocity
Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.
Market Trends & Context
Understanding Market Temperature
A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates in La Fontaine, IN, are approximately 6.63%, reflecting a market environment where rates have fluctuated significantly throughout 2026 compared to the sub-6% levels seen at the start of the year.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- The primary market indicator is the median sold price of 207,500, which represents the most reliable snapshot of recent transaction values in La Fontaine and aligns with a price year-over-year trend that is up, suggesting modest appreciation pressure.
- The market shows slower liquidity as evidenced by the median days on market of 357, which may indicate extended negotiation windows or pricing friction rather than immediate buyer competition; this aligns with a neutral market temperature and suggests a balanced to slightly seller-leaning environment.
- Price efficiency remains moderate with a median price per square foot of 116, which coupled with a median market rent of 1,050 suggests rents are trending up while pricing per square foot is steady—this may favor investors assessing gross rent relationships but does not by itself indicate strong cash-flow advantages.
- Elevated borrowing costs are a material headwind: interest rate pressure is described as elevated and local 30‑year fixed rates are approximately 6.63%, a elevated interest rate pressure dynamic that may constrain buyer affordability and slow transaction velocity despite the neutral market temperature.
Notable Properties
The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold below market average
Representative market sale establishing baseline for properties in the core neighborhood.
Sold at market average
Sold below market average
Sold below market average
Sold below market average
Sold below market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.53% rate, 0.5% tax
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 6/1/2026
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