Population: 3,073 · Density: 22.2/mi² · Median household income: $60,045
Typical home value: $155,208 · Homeownership: 78.1%
Data as of January 2026. Source: Realtor.com.
The FARMLAND, IN real estate market (47340) currently shows 7 active listings, with 3 pending sales. Homes are averaging 73 days on the market before going under contract.
Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.
Homes are selling faster, averaging 73 days on market compared to 95 days last year.
The median listing price has risen 4.5% year-over-year, from $191,225 to $199,900.
Whether you are buying or selling in FARMLAND, IN, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 47340 | Farmland, IN 47340 | 0.0 mi | 7 | $1,612,800 | $199,900 | $230,400 |
| 47383 | Selma, IN 47383 | 7.3 mi | 12 | $6,041,400 | $302,000 | $503,450 |
| 47358 | Modoc, IN 47358 | 8.8 mi | 1 | $209,900 | $209,900 | $209,900 |
| 47320 | Albany, IN 47320 | 9.8 mi | 8 | $2,222,512 | $180,000 | $277,814 |
| 47373 | Redkey, IN 47373 | 11.0 mi | 2 | $336,534 | $165,000 | $168,267 |
| 47360 | Mooreland, IN 47360 | 13.3 mi | 3 | $307,500 | $102,500 | $102,500 |
| 47305 | Muncie, IN 47305 | 13.4 mi | 18 | $2,064,600 | $99,950 | $114,700 |
| 47355 | Lynn, IN 47355 | 14.4 mi | 4 | $539,600 | $134,900 | $134,900 |
| 47336 | Dunkirk, IN 47336 | 15.5 mi | 22 | $2,318,008 | $87,675 | $105,364 |
| 47386 | Springport, IN 47386 | 16.0 mi | 3 | $524,700 | $174,900 | $174,900 |
| 47346 | Hagerstown, IN 47346 | 17.1 mi | 4 | $479,800 | $129,900 | $119,950 |
| 47361 | Mount Summit, IN 47361 | 18.1 mi | 1 | $159,900 | $159,900 | $159,900 |
| 47341 | Fountain City, IN 47341 | 19.1 mi | 1 | $159,900 | $159,900 | $159,900 |
As of January 2026, there are 7 active listings in FARMLAND, IN (zip code 47340), compared to 5 the prior year.
The median listing price in FARMLAND, IN 47340 is $199,900 as of January 2026, a 4.5% increase from $191,225 the prior year.
Homes in FARMLAND, IN 47340 spend an average of 73 days on the market before going under contract, compared to 95 days the prior year.
Based on current inventory and days-on-market data as of January 2026, FARMLAND, IN 47340 is currently a Balanced Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are selling faster, averaging 73 days on market compared to 95 days last year.
With SELL123.com's maximum 3% commission, sellers in FARMLAND, IN 47340 save an estimated $3,998 compared to a typical 5% commission on the median listing price of $199,900. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.