ZIP Code 47003 — West College Corner town, IN Demographics & Data

ZIP code 47003 covers West College Corner, IN in Union County with a population of about 1,038.

At a glance, the area shows median age of 48.8 versus a U.S. median of about 38.9.

It sits in telephone area code 765; U.S. House district IN-6; the CINCINNATI media market.

West College Corner, IN sits in a university / college context (university/college place context). Expect stronger interest in student housing, rentals, walkability, transit, and a younger adult age mix versus typical suburban ZIPs.

Median household income in ZIP 47003 is about $79,205 — about 5% above the U.S. median ($75,149).

On socioeconomic markers, US5 shows a poverty rate of 9.3%; unemployment rate near 6.8%; 20.4% of adults with a bachelor’s degree or higher (about 13.3 points below the national share (33.7%)).

Labor and commute patterns include leading industry context around Professional services, Retail trade, and Healthcare; about 5.7% of workers reporting work-from-home (about 9.5 points below the U.S. share (15.2%)); a mean commute of about 180.0 minutes (U.S. average near 26.8).

Median home value is about $155,400 — about 55% below the U.S. median home value ($348,079).

Housing tenure and rents show median gross rent around $551 (about 53% below the U.S. median rent ($1,163)), and owner-occupancy near 82.7% (about 17.3 points above the national owner-occupancy rate (65.4%)).

To comfortably buy a median-priced home in ZIP 47003 in West College Corner, IN, a household would need roughly $43,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $998. That sits below the local median household income ($79,205), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

FEMA’s National Risk Index rates natural-hazard risk for West College Corner town, IN as Very Low (composite score 5.2), which is relatively lower than many U.S. communities. The strongest component scores on US5 are hurricane (9.8) and flood (9.5). These scores are county-linked NRI values published for planning context — all ZIP codes in the same county share the same composite score on US5. Useful when comparing insurance and disaster exposure across areas, not a substitute for a parcel-level flood or fire determination.

Climate normals for West College Corner town, IN show little to no average snow and around 43.8 inches of annual precipitation.

IRS migration statistics show a net inflow of about 48 for ZIP 47003 (West College Corner town, IN) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.