47234
Flat Rock, Indiana.
Flat Rock, Shelby County, IN · Indianapolis-Carmel-Anderson, IN metro · population 1,617
to buy the typical home at today's mortgage rate — +$755 (+142%) since Jan 2020.
- 1 year
- Up $5,777 +2%
- $239,131$244,908 since Sep 2025
- 5 years
- Up $63,504 +35%
- $181,404$244,908 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- 47234$1,285
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 12 years.
Typical home values in zip 47234 rose 2.4% over the past year — faster than the nation's +1.2%.
This zip spans 2 counties: Shelby County, IN 97% · Bartholomew County, IN 3%
Zillow also publishes an index for the city itself: Flat Rock, IN — measured over the city limits, which is a different area from this zip.
Typical home value — 47234
Mid-tier homes, smoothed and seasonally adjusted.
- 47234$244,908
- Indianapolis$291,634
- United States$366,157
Within 20 miles
| Miles sorted ascending, activate to sort descending | Zip activate to sort by Zip | City activate to sort by City | Population activate to sort by Population | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|---|
| 5.4 | 47246 | Hope | 4,326 | — | $260,091 |
| 7.9 | 46182 | Waldron | 1,803 | — | $240,091 |
| 8.4 | 47272 | Saint Paul | 1,844 | — | $225,992 |
| 9.5 | 46124 | Edinburgh | 7,304 | — | $230,034 |
| 10.4 | 46176 | Shelbyville | 28,782 | $1,083 | $224,569 |
| 10.5 | 47203 | Columbus | 26,200 | $1,452 | $287,987 |
| 11.2 | 47280 | Taylorsville | 1,248 | — | $202,110 |
| 11.5 | 47244 | Hartsville | 533 | — | $268,491 |
| 14.8 | 46150 | Manilla | 854 | — | $233,738 |
| 14.9 | 46110 | Boggstown | 917 | — | $318,000 |
| 15.5 | 46162 | Needham | 227 | — | $343,904 |
| 15.8 | 47240 | Greensburg | 21,484 | — | $263,592 |
| 16.1 | 46131 | Franklin | 34,647 | $1,694 | $282,638 |
| 17.1 | 46156 | Milroy | 952 | — | $230,157 |
| 17.3 | 47283 | Westport | 4,305 | — | $235,406 |
| 18.0 | 46126 | Fairland | 3,902 | — | $271,221 |
| 18.2 | 47232 | Elizabethtown | 2,316 | — | $291,068 |
| 19.6 | 46164 | Nineveh | 3,840 | — | $365,507 |
| 19.7 | 47201 | Columbus | 47,900 | $1,383 | $269,991 |
Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.