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502 E 5th St, Fowler, IN, 47944

4beds
2baths
2,522sqft
$268,000
$106price/sqft
$2,427/moest. monthly cost
$97,080/yrincome needed

About This Home

Spacious 4-bedroom home offering timeless character paired with many recent updates. Original hardwood floors and beautifully preserved millwork highlight the craftsmanship throughout, including a grand entry staircase. Enjoy a recently updated kitchen with modern appliances, built-in storage throughout the home and multiple flex spaces ideal for home office, playroom or additional living areas. Situated on a large lot with ample parking and detached garage. Eligible for 100% USDA financing for qualified buyers — a rare opportunity at affordable price. Move in ready!

Getting Around

35
WalkingCar-Dependent
0
TransitVery Limited Transit
47
BikeSomewhat Bikeable

Schools

Construction

Condition

  • Year built: 1915

Materials

  • Roof: Asphalt,Shingle
  • Construction materials: Aluminum Siding,Brick,Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Traditional
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Microwave,Refrigerator,Electric Cooktop,Double Oven
  • Laundry features: Electric Dryer Hookup,Washer Hookup

Basement

  • Has basement: Yes
  • Basement: Partial,Block

Bedroom1

  • Level: Upper

Bedroom2

  • Level: Upper

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 1
  • 1/2 bathrooms: 1

Dining Room

  • Level: Main
  • Area: 210

Family Room

  • Level: Main
  • Area: 154

Features

  • Ceiling-9+,Eat-in Kitchen,Entrance Foyer,Kitchen Island,Natural Woodwork,Formal Dining Room
  • Number of fireplaces: 1
  • Fireplace features: Living Room,One
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 2,522

Heating & Cooling

  • Heating features: Natural Gas,Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 3,542
  • Total interior livable area: 2,522 sqft

Kitchen

  • Level: Main
  • Area: 182

Living Room

  • Level: Main
  • Area: 384

Property

Details

  • Parcel number: 040815224009.000004

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Porch Covered
  • Fencing: None

Lot

  • Lot size: 9,234 sqft
  • Features: Level,0-2.9999,City/Town/Suburb
  • Lot size dimensions: 70 x 132

Parking

  • Total spaces: 1
  • Parking features: Detached
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Hail
    HailModerate

How This Home’s Risks Compare

Cold Wave
Strong Wind
Tornado
Winter Weather
Hail

FEMA Declared Disasters Across Indiana Counties

Flood
Severe Storm
Snowstorm
Straight Line Winds
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,355$16,260
Home Insurance *$294$3,528
Property Taxes $547$6,564
Electricity $231$2,774
Total$2,427$29,124
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$83,211/yr
40% on housing$72,810/yr
45% on housing$64,720/yr

Indiana FAIR Plan Programs

Indiana Basic Property Insurance Underwriting Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 810Commercial: 30
Total Premiums$1.77M
Total Exposure$1.82M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.6%
10.6%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 10.4%
10.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$106This listing

vs Other Active Listings

Avg $/sqft

ZIP 47944$88
Benton County$91

vs Homes Sold Last Month

Median $/sqft

ZIP 47944$135
Benton County$132

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-02-05Listed for sale$278,000

For Sale by Agent

AgentBrett Lueken
BrokerageCentury 21 The Lueken Group

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