Zip lookup · IN

47340
Farmland, Indiana.

Farmland, Randolph County, IN · population 3,051

What it costs per month · 47340 $952/mo

to buy the typical home at today's mortgage rate — +$551 (+137%) since Jan 2020.

What the home itself did
1 year
Up $16,046 +10%
$165,339$181,385 since Sep 2025
5 years
Up $46,311 +34%
$135,074$181,385 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.

$500 $1,000 $1,500 $2,000 2002 2006 2010 2014 2018 2022 2026 47340 $952 United States $1,922
$500 $1,000 $1,500 $2,000 2002 2010 2018 2026
  • 47340$952
  • 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 47340 rose 9.7% over the past year — faster than the nation's +1.2%.

Zillow also publishes an index for the city itself: Farmland, IN — measured over the city limits, which is a different area from this zip.

Typical home value $181,385 as of Sep 2026
+9.7%year on year

Typical home value — 47340

Mid-tier homes, smoothed and seasonally adjusted.

$100,000 $200,000 $300,000 2018 2020 2022 2024 2026 47340 $181,385 United States $366,157
$100,000 $200,000 $300,000 2018 2022 2026
  • 47340$181,385
  • 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
3.6 47368 Parker City 2,086 — $176,333
7.3 47383 Selma 2,612 — $245,656
7.7 47394 Winchester 7,879 $950 $159,813
8.8 47358 Modoc 818 — $221,737
8.9 47380 Ridgeville 1,924 — $162,052
9.8 47320 Albany 4,563 — $199,322
10.0 47354 Losantville 1,182 — $201,540
11.0 47373 Redkey 2,200 — $137,839
11.9 47382 Saratoga 144 — $74,123
13.3 47360 Mooreland 1,643 — $254,920
13.3 47302 Muncie 25,473 $976 $102,448
13.4 47305 Muncie 3,556 $808 $82,251
14.3 47303 Muncie 24,392 $1,016 $141,848
14.4 47355 Lynn 3,029 — $173,094
15.1 47390 Union City 4,972 — $138,128
15.2 47339 Economy 528 — $232,874
15.5 47336 Dunkirk 2,851 — $130,487
15.7 47338 Eaton 2,355 — $174,371
16.0 47386 Springport 1,249 — $261,417
16.4 47393 Williamsburg 1,907 — $251,442
17.1 47346 Hagerstown 3,876 — $210,990
17.7 47304 Muncie 31,237 $1,210 $212,350
18.1 47361 Mount Summit 271 — $158,774
18.8 47371 Portland 12,424 — $168,582
19.1 47341 Fountain City 2,460 — $228,321
19.4 45390 Union City 3,432 — $154,131

Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.