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Single Family ResidenceResidential
$405,213$176 / 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 91How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Oct 21, 2026

506 S 500 W

DECATUR, IN 46733
3
Beds
2.5
Baths
2,297 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.
2 ac
Lot SizeThe size of the land the home sits on, from county records.
2003
Year BuiltThe year the home was originally built, according to county records.
2
StoriesHow many floors the home has above ground.
5
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.
3
ParkingThe number of parking spaces on the property, including the garage.

Valuation

$405K
$369K low$441K high

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$3,208 (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.$426,800 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$29,700
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$397,100
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$397,200
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$426,800

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
CountyADAMS
Lot (acres)The size of the land the home sits on, from county records.2.00
ConstructionThe main material the home's frame and walls are built from.Masonry/Concrete Masonry Units (Cmus)
RoofThe main material covering the roof, such as asphalt shingle or tile.Asphalt
GarageWhether the property has a garage, and details like whether it is attached to the home.Garage, Attached
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 · 120 ft²

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

E
Adams Central Elementary SchoolB-
Elementary · Grades PK–5 · 4.9 mi
M
Adams Central Middle SchoolA-
Middle · Grades 6–8 · 4.9 mi
H
Adams Central High School
High · Grades 9–12 · 5.0 mi

District: Adams Central Community Schools

Neighborhood · ZIP 46733These 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.102
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.163
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.47

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.94%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.13%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.7.5%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.3%
PopulationHow many people live in this area.19,566
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.114 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$65,953
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$78,171
Average tempThe average temperature here across a full year.50°F
Annual precipHow much rain and melted snow falls here in a typical year.36 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

506 S 500 W 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 91% of homes in Decatur 46733
  • Costs more per square foot than 79% of homes in Decatur 46733
  • Bigger than 82% of homes in Decatur 46733
  • Has a bigger lot than 77% of homes in Decatur 46733
  • Newer than 88% of homes in Decatur 46733

What homes are worth in Decatur 46733

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

This home
$81K$529K

This home is worth more than 91% of homes in Decatur 46733.

How it measures up in Decatur 46733

The dot is this home. The mark in the middle is the typical home in Decatur 46733.

Estimated value$405,213
CheaperTypical $220,970Pricier

Pricier than 91% of homes nearby

Price per ft²$176
CheaperTypical $140Pricier

Pricier than 79% of homes nearby

Living area2,297 ft²
SmallerTypical 1,658 ft²Bigger

Bigger than 82% of homes nearby

Lot size2 ac
SmallerTypical 0.39 acBigger

Bigger than 77% of homes nearby

Year built2003
OlderTypical 1965Newer

Newer than 88% of homes nearby

How 506 S 500 W ranks against every home in each area.
MeasureThis homeDecatur 46733Adams County
Estimated valuepricier than$405,21391% of homes87% of homes
Price per ft²pricier than$17679% of homes79% of homes
Living areabigger than2,297 ft²82% of homes77% of homes
Lot sizebigger than2 ac77% of homes71% of homes
Year builtnewer than200388% of homes87% of homes

About 506 S 500 W

How much is 506 S 500 W, Decatur, IN worth?

The TopHap Estimate for 506 S 500 W, Decatur, IN is $405,213 as of Oct 21, 2026. The likely range is $368,984 to $441,442. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 506 S 500 W, Decatur, IN last sell?

506 S 500 W, Decatur, IN last sold on Jan 1, 1900, according to the county's recorded deed.

How big is 506 S 500 W, Decatur, IN?

506 S 500 W, Decatur, IN has 3 bedrooms, 2.5 bathrooms, 2,297 square feet of living space and a 2.00-acre lot.

When was 506 S 500 W, Decatur, IN built?

506 S 500 W, Decatur, IN was built in 2003, making it 23 years old. The building has 2 stories.

What schools serve 506 S 500 W, Decatur, IN?

506 S 500 W, Decatur, IN is assigned to Adams Central Elementary School (elementary), rated B-; Adams Central Middle School (middle), rated A-; Adams Central High School (high). All sit in Adams Central Community Schools. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 506 S 500 W, Decatur, IN compare to other homes in Decatur 46733?

Among the 7,000 homes in Decatur 46733, it is worth more than 91% of them ($405,213 against a typical $220,970), its price per square foot is higher than 79% of them ($176 against a typical $140), it is bigger than 82% of them (2,297 ft² against a typical 1,658 ft²), its lot is bigger than 77% of them (2 ac against a typical 0.39 ac) and it is newer than 88% of them (2003 against a typical 1965). Measured against all of Adams County, it is worth more than 87% 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 506 S 500 W, Decatur, IN?

The 2025 property tax bill for 506 S 500 W, Decatur, IN was $3,208. The county assessed it at $426,800.

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Assigned schools

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