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Rural ResidenceResidential
$314,030$155 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 87How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Aug 30, 2026

2240 S STATE ROAD 1

FARMLAND, IN 47340
3
Beds
1.5
Baths
2,022 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
38.53 ac
Lot SizeThe size of the land the home sits on, from county records.
1916
Year BuiltThe year the home was originally built, according to county records.
2
StoriesHow many floors the home has above ground.
11
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.

Valuation

$314K
$274K low$354K high

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$1,870 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$179,900 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$55,200
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$124,700
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$178,400
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$179,900

Climate Risk

Overall riskThe average of the five hazard scores below, on a 0 to 100 scale. Higher means greater projected risk over the coming decades.60
94
FloodProjected flooding risk from rivers, heavy rain, and storm surge, scored 0 to 100. Higher is riskier.
14
WildfireProjected wildfire risk, scored 0 to 100, based on how much land burns in a typical year. Higher is riskier.
70
HeatProjected heat risk, scored 0 to 100, based on how many extremely hot days a year are expected. Higher is riskier.
83
StormProjected risk from heavy rainstorms, scored 0 to 100, based on how often extreme rainfall is expected. Higher is riskier.
42
DroughtProjected water shortage risk, scored 0 to 100. Higher means more strain on the local water supply.
Projected Flood DepthHow deep a serious flood is expected to get here at some point in the next 30 years. Shown in inches.74 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.51%

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Rural Residence
CountyRANDOLPH
Lot (acres)The size of the land the home sits on, from county records.38.53
ConstructionThe main material the home's frame and walls are built from.Wood (Unspecified)
FoundationWhat the home is built on, such as a concrete slab, a crawl space, or a basement.No Foundation
RoofThe main material covering the roof, such as asphalt shingle or tile.Asphalt
HeatingThe type of heating system in the home.Central
CoolingThe type of cooling or air conditioning in the home.Central
PoolWhether the property has a pool, and what kind, such as in-ground.No
FeaturesExtra features found in county records. Records are not complete everywhere, so a missing feature does not always mean the home lacks it.Shed · 144 ft²

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

M
Monroe Central Jr-Sr High SchoolC+
Middle · Grades 7–12 · 4.7 mi
E
Monroe Central Elementary SchoolB
Elementary · Grades PK–6 · 4.8 mi

District: Monroe Central School Corporation

Neighborhood · ZIP 47340These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.126
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.228
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.46

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.92%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.15%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.15%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.2%
PopulationHow many people live in this area.2,844
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.53 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$66,667
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$77,194
Average tempThe average temperature here across a full year.51°F
Annual precipHow much rain and melted snow falls here in a typical year.39 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.55%

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Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

2240 S State Road 1 measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth more than 90% of homes in Randolph County
  • Costs more per square foot than 87% of homes in Randolph County
  • Bigger than 77% of homes in Randolph County
  • Has a bigger lot than 95% of homes in Randolph County
  • Older than 68% of homes in Farmland 47340

What homes are worth in Farmland 47340

Each bar is how many homes fall in that price range. The marker is this home.

This home
$53K$489K

This home is worth more than 85% of homes in Farmland 47340.

How it measures up in Farmland 47340

The dot is this home. The mark in the middle is the typical home in Farmland 47340.

Estimated value$314,030
CheaperTypical $152,054Pricier

Pricier than 85% of homes nearby

Price per ft²$155
CheaperTypical $102Pricier

Pricier than 80% of homes nearby

Living area2,022 ft²
SmallerTypical 1,568 ft²Bigger

Bigger than 76% of homes nearby

Lot size38.53 ac
SmallerTypical 0.64 acBigger

Bigger than 93% of homes nearby

Year built1916
OlderTypical 1960Newer

Newer than 32% of homes nearby

How 2240 S State Road 1 ranks against every home in each area.
MeasureThis homeFarmland 47340Randolph County
Estimated valuepricier than$314,03085% of homes90% of homes
Price per ft²pricier than$15580% of homes87% of homes
Living areabigger than2,022 ft²76% of homes77% of homes
Lot sizebigger than38.53 ac93% of homes95% of homes
Year builtnewer than191632% of homes36% of homes

About 2240 S State Road 1

How much is 2240 S State Road 1, Farmland, IN worth?

The TopHap Estimate for 2240 S State Road 1, Farmland, IN is $314,030 as of Aug 30, 2026. The likely range is $273,775 to $354,285. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 2240 S State Road 1, Farmland, IN last sell?

2240 S State Road 1, Farmland, IN last sold on Jan 1, 1900, according to the county's recorded deed.

How big is 2240 S State Road 1, Farmland, IN?

2240 S State Road 1, Farmland, IN has 3 bedrooms, 1.5 bathrooms, 2,022 square feet of living space and a 38.53-acre lot.

When was 2240 S State Road 1, Farmland, IN built?

2240 S State Road 1, Farmland, IN was built in 1916, making it 110 years old. The building has 2 stories.

What schools serve 2240 S State Road 1, Farmland, IN?

2240 S State Road 1, Farmland, IN is assigned to Monroe Central Jr-Sr High School (middle), rated C+; Monroe Central Elementary School (elementary), rated B. All sit in Monroe Central School Corporation. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 2240 S State Road 1, Farmland, IN compare to other homes in Farmland 47340?

Among the 1,195 homes in Farmland 47340, it is worth more than 85% of them ($314,030 against a typical $152,054), its price per square foot is higher than 80% of them ($155 against a typical $102), it is bigger than 76% of them (2,022 ft² against a typical 1,568 ft²), its lot is bigger than 93% of them (38.53 ac against a typical 0.64 ac) and it is newer than 32% of them (1916 against a typical 1960). Measured against all of Randolph County, it is worth more than 90% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 2240 S State Road 1, Farmland, IN?

The 2025 property tax bill for 2240 S State Road 1, Farmland, IN was $1,870. The county assessed it at $179,900.

More homes on S State Road 1

Closest homes

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Assigned schools

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