La Fontaine, IN 46940 Real Estate Market Report

ZIP Code: 46940
Report Date: May 2026
Market Temperature: NEUTRAL
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.

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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.

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Market Metrics

Note: 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.

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Rental Market

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Property Taxes

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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.

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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 for properties in La Fontaine, IN are 6.37%, which is 0.5% higher than the 5.87% average seen during early 2026 loan originations.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The primary indicator of market value is the median sold price, which is $191,000, and recent transaction activity should be interpreted against this representative recent sale level; price year-over-year trend is up, suggesting modest upward pressure on realized sale prices.

2. Liquidity appears slower than typical suburban norms: the median days on market is 329 days, which suggests a longer marketing horizon and neutral market temperature where buyers and sellers are relatively balanced rather than one-sided.

3. Relative pricing context shows a median price per square foot of $131 alongside a median market rent of $1,050; rent year-over-year trend is up, indicating improving rental demand that may support price stability for owner-occupied and investor buyers.

4. Financing headwinds are present: the stated property rate comparison reports a current 30-year fixed mortgage rate of 6.37%, which is 0.5% higher than the 5.87% average seen during early 2026 loan originations, and interest rate pressure is characterized as elevated, which may constrain buyer affordability and slow transaction velocity.

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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.