ZIP Code 47402 — undefined, undefined Demographics & Data

ZIP code 47402 covers ZIP 47402 with a population of about 3,805.

At a glance, the area shows median age of 26.7 versus a U.S. median of about 38.9.

It sits in the INDIANAPOLIS media market.

Median household income in ZIP 47402 is about $41,424 — about 45% below the U.S. median ($75,149).

On socioeconomic markers, US5 shows a poverty rate of 39.8%; unemployment rate near 0.7%; 74.4% of adults with a bachelor’s degree or higher (about 40.7 points above the national share (33.7%)).

Labor and commute patterns include leading industry context around Education, Professional services, and Food services; about 23.3% of workers reporting work-from-home (about 8.1 points above 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 $271,000 — about 22% below the U.S. median home value ($348,079).

Housing tenure and rents show median gross rent around $1,112 (about 4% below the U.S. median rent ($1,163)), and owner-occupancy near 34.3% (about 31.1 points below the national owner-occupancy rate (65.4%)).

To comfortably buy a median-priced home in ZIP 47402, a household would need roughly $75,000 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 $1,741. That is about 81% above the local median household income ($41,424), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.