ZIP 47031 vs ZIP 47040
A side-by-side comparison of ZIP Code 47031 and ZIP Code 47040: population, income, housing, and more.
ZIP 47031 and ZIP 47040 are ZIP Code areas in Indiana. This page compares them across population, income, housing, education, commuting, and how each has changed since 2019.
ZIP 47040 has the higher population (5,408 vs 5,179 in ZIP 47031). ZIP 47040 has the higher median household income ($68,865 vs $67,520 in ZIP 47031). ZIP 47031 has the higher median home value ($188,800 vs $180,500 in ZIP 47040).
Population, income & housing
| ZIP 47031 | ZIP 47040 | |
|---|---|---|
| Population | 5,179 | 5,408 |
| Median age | 42.1 yrs | 45.3 yrs |
| Median household income | $67,520 | $68,865 |
| Median home value | $188,800 | $180,500 |
| Median gross rent | $939 | $803 |
| Housing units | 2,036 | 2,401 |
| Homeownership rate | 77.6% | 76.4% |
| Bachelor's degree or higher | 16.7% | 17.4% |
| Unemployment rate | 5.2% | 1.8% |
Trends (ACS 5-year, 2019–2023)
| ZIP 47031 | ZIP 47040 | |
|---|---|---|
| Population | 5,477 → 5,179 (-5.4%) | 5,103 → 5,408 (+6.0%) |
| Median household income | $58,348 → $67,520 (+15.7%) | $53,625 → $68,865 (+28.4%) |
| Median home value | $153,400 → $188,800 (+23.1%) | $132,700 → $180,500 (+36.0%) |
| Median gross rent | $783 → $939 (+19.9%) | $609 → $803 (+31.9%) |
ZIP 47031
5,4775,179
$58,348$67,520
$153,400$188,800
$783$939
ZIP 47040
5,1035,408
$53,625$68,865
$132,700$180,500
$609$803
Age & race/ethnicity
Age distribution (share)
| ZIP 47031 | ZIP 47040 | |
|---|---|---|
| Under 5 | 3.5% | 5.7% |
| 5 to 17 | 16.3% | 15.4% |
| 18 to 24 | 10.2% | 6.7% |
| 25 to 34 | 10.7% | 8.4% |
| 35 to 44 | 12.7% | 13.6% |
| 45 to 54 | 10.2% | 10.5% |
| 55 to 64 | 18.4% | 17.2% |
| 65 to 74 | 9.7% | 14.6% |
| 75 and over | 8.4% | 7.9% |
Race & ethnicity (share)
| ZIP 47031 | ZIP 47040 | |
|---|---|---|
| White (non-Hispanic) | 97.1% | 93.9% |
| Black or African American | 0.5% | 0.4% |
| American Indian & Alaska Native | 0.0% | 0.1% |
| Asian | 0.3% | 0.7% |
| Native Hawaiian & Pacific Islander | 0.0% | 0.0% |
| Some other race | 0.0% | 0.0% |
| Two or more races | 1.9% | 4.4% |
| Hispanic or Latino | 0.3% | 0.6% |
Educational attainment (age 25+)
Share of adults 25+
| ZIP 47031 | ZIP 47040 | |
|---|---|---|
| No high school diploma | 11.9% | 7.0% |
| High school graduate | 47.5% | 47.2% |
| Some college or associate's | 23.9% | 28.4% |
| Bachelor's degree | 6.7% | 12.3% |
| Graduate or professional degree | 10.0% | 5.0% |
Commute to work
How workers get to work (share)
| ZIP 47031 | ZIP 47040 | |
|---|---|---|
| Drove alone | 80.2% | 83.6% |
| Carpooled | 9.5% | 9.0% |
| Public transit | 0.0% | 0.0% |
| Walked | 5.1% | 1.6% |
| Bicycle | 0.0% | 0.4% |
| Worked from home | 4.2% | 5.4% |
| Other means | 1.0% | 0.1% |
Housing
Units in structure (share)
| ZIP 47031 | ZIP 47040 | |
|---|---|---|
| 1-unit, detached | 82.2% | 74.0% |
| 1-unit, attached | 0.0% | 3.4% |
| 2 to 4 units | 2.0% | 5.0% |
| 5 to 19 units | 1.6% | 3.2% |
| 20 or more units | 3.0% | 2.2% |
| Mobile home & other | 11.1% | 12.3% |
Poverty & households
| ZIP 47031 | ZIP 47040 | |
|---|---|---|
| Poverty rate | 10.5% | 9.7% |
| Average household size | 2.61 | 2.32 |
| Mean commute (minutes) | 28 | 31 |
| Median year structure built | 1982 | 1976 |