ZIP code 47240: income, home prices and cost of living

The median household income in ZIP 47240 is $71,682, which is 8% above the Indiana median of $66,588 and 4% above the national figure. The typical home is valued at $185,200, and the median rent is $824/month. 72.2% of households own their home.

Source: U.S. Census Bureau, American Community Survey (5-year). Latest observation ACS 2022.

Median household income

$71,682

Indiana average
$66,5888%
National
$68,7504%

Median home value

$185,200

Indiana average
$160,50015%
National
$209,60012%

Median gross rent

$824

Indiana average
$8705%
National
$98416%

Median age

40.0 yrs

Indiana average
40.1 yrs
National
41.0 yrs2%

Homeownership rate

72.2%

Indiana average
79.9%10%
National
75.8%5%

Bachelor's degree or higher

15.3%

Indiana average
13.0%18%
National
15.9%4%

How ZIP 47240 compares with Indiana and the U.S.

State and national bars are the median across ZIP Code Tabulation Areas. Source: U.S. Census Bureau, American Community Survey (5-year), 2022.

Talk to a vetted advisor who serves your area

Local numbers only take you so far. Get matched with a fiduciary advisor who works with households in Indiana.

Get matched with an advisor

Nearby ZIP codes in Indiana

47243472504722047265472744720347201473024730347304

Or compare 47240 with 47243.

Run your own numbers

Cost of living calculatorBudget calculatorMortgage calculator

See every local figure on the Indiana money guide.

What people search about ZIP 47240

Searches for the cost of living in 47240, the median household income in 47240, average rent in 47240 and home values in this part of Indiana all come back to the same Census figures shown above. Use them alongside a mortgage payment estimate, a property tax estimate and a household budget before you compare this ZIP code with a neighbouring one.

  • cost of living in 47240
  • median household income in 47240
  • home values in 47240
  • average rent in 47240
  • property tax in 47240
  • housing market in 47240

Methodology

Figures describe ZIP Code Tabulation Area 47240, the Census Bureau's statistical approximation of the ZIP code. Values are median estimates for the five-year period ending 2022.

State and national benchmarks are the median of all ZCTAs in that geography with at least 1,000 residents, computed by us from the same public dataset.

Sources: U.S. Census Bureau, American Community Survey (5-year). American Community Survey 5-year estimates, 2022.