What to know about ZIP 47307
ZIP code 47307 covers ZIP 47307 with a population of about 2,449.
At a glance, the area shows median age of 30.2 versus a U.S. median of about 38.9.
It sits in the INDIANAPOLIS media market.
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ZIP Code 47307 — undefined, undefined Demographics & Data
Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.
Working Class
At a glance
Population
2,449
Density
N/A
Median income
$49,722
-34% vs US avg
Home value
$48,600
-86% vs US avg
Median rent
$607
-48% vs US avg
Timezone
N/A
Overview of ZIP Code 47307
Income and economy in ZIP 47307
Median household income in ZIP 47307 is about $49,722 — about 34% below the U.S. median ($75,149).
On socioeconomic markers, US5 shows a poverty rate of 21.2%; unemployment rate near 13.5%; 7.5% of adults with a bachelor’s degree or higher (about 26.2 points below the national share (33.7%)).
Labor and commute patterns include leading industry context around Retail trade, Healthcare, and Food services; about 4.8% of workers reporting work-from-home (about 10.4 points below the U.S. share (15.2%)); a mean commute of about 180.0 minutes (U.S. average near 26.8).
Housing and affordability in ZIP 47307
Median home value is about $48,600 — about 86% below the U.S. median home value ($348,079).
Housing tenure and rents show median gross rent around $607 (about 48% below the U.S. median rent ($1,163)), and owner-occupancy near 44.0% (about 21.4 points below the national owner-occupancy rate (65.4%)).
To comfortably buy a median-priced home in ZIP 47307, a household would need roughly $13,000 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 $312. That sits below the local median household income ($49,722), 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.