Is 0.0.0.0 a valid IP address? I want my program to be able to store it as an indication that no address is in use, but this won\'t work if it\'s actually valid.
As other answers have covered, 0.0.0.0 is a legal and valid for some purposes IP address.
If all values in a range are legal values, then any flag items you want to define must come from somewhere else. Otherwise you will overload a legal value with the meaning of a flag, and when using the overloaded value it won't be 100% possible to determine whether the legal value or the flag meaning was intended. This will lead to bugs which must be solved with a re-factor which can be an expensive endeavour.
Overloading legal values happens all the time, IP address and MAC addresses (yes, 00:00:00:00:00:00 is legal and allocated) are some of the most common victims.
Coincidentally, I am working on a system (not ethernet/IP based) now where the length of a frame is capped at about 40 bytes. Since a byte can represent lengths of 0 - 255 bytes, and the max length is 40 bytes, I can use some of the unused aka non-legal values (252 to 255) to represent flag items. These in-band flags are okay because there is no overloading.