ZIP 47231 vs ZIP 47240
A side-by-side comparison of ZIP Code 47231 and ZIP Code 47240: population, income, housing, and more.
ZIP 47231 and ZIP 47240 are ZIP Code areas in Indiana. This page compares them across population, income, housing, education, commuting, and how each has changed since 2019.
ZIP 47240 has the higher population (21,514 vs 742 in ZIP 47231). ZIP 47240 has the higher median household income ($74,373 vs $50,000 in ZIP 47231). ZIP 47240 has the higher median home value ($201,100 vs $93,900 in ZIP 47231).
Population, income & housing
| ZIP 47231 | ZIP 47240 | |
|---|---|---|
| Population | 742 | 21,514 |
| Median age | 31.2 yrs | 40.7 yrs |
| Median household income | $50,000 | $74,373 |
| Median home value | $93,900 | $201,100 |
| Median gross rent | $886 | $830 |
| Housing units | 260 | 9,565 |
| Homeownership rate | 70.1% | 73.1% |
| Bachelor's degree or higher | 5.5% | 19.5% |
| Unemployment rate | 15.9% | 2.2% |
Trends (ACS 5-year, 2019–2023)
| ZIP 47231 | ZIP 47240 | |
|---|---|---|
| Population | 858 → 742 (-13.5%) | 21,836 → 21,514 (-1.5%) |
| Median household income | $54,500 → $50,000 (-8.3%) | $59,516 → $74,373 (+25.0%) |
| Median home value | $128,200 → $93,900 (-26.8%) | $140,500 → $201,100 (+43.1%) |
| Median gross rent | $913 → $886 (-3.0%) | $787 → $830 (+5.5%) |
ZIP 47231
858742
$54,500$50,000
$128,200$93,900
$913$886
ZIP 47240
21,83621,514
$59,516$74,373
$140,500$201,100
$787$830
Age & race/ethnicity
Age distribution (share)
| ZIP 47231 | ZIP 47240 | |
|---|---|---|
| Under 5 | 19.3% | 6.1% |
| 5 to 17 | 18.3% | 17.0% |
| 18 to 24 | 8.8% | 8.2% |
| 25 to 34 | 14.6% | 12.8% |
| 35 to 44 | 9.0% | 11.7% |
| 45 to 54 | 5.4% | 12.9% |
| 55 to 64 | 15.4% | 12.7% |
| 65 to 74 | 2.7% | 11.0% |
| 75 and over | 6.6% | 7.7% |
Race & ethnicity (share)
| ZIP 47231 | ZIP 47240 | |
|---|---|---|
| White (non-Hispanic) | 95.3% | 93.2% |
| Black or African American | 0.0% | 0.3% |
| American Indian & Alaska Native | 0.0% | 0.0% |
| Asian | 0.0% | 0.1% |
| Native Hawaiian & Pacific Islander | 0.0% | 0.0% |
| Some other race | 0.0% | 0.6% |
| Two or more races | 4.2% | 3.2% |
| Hispanic or Latino | 0.5% | 2.7% |
Educational attainment (age 25+)
Share of adults 25+
| ZIP 47231 | ZIP 47240 | |
|---|---|---|
| No high school diploma | 17.3% | 8.9% |
| High school graduate | 59.0% | 45.5% |
| Some college or associate's | 18.1% | 26.1% |
| Bachelor's degree | 3.8% | 14.1% |
| Graduate or professional degree | 1.8% | 5.4% |
Commute to work
How workers get to work (share)
| ZIP 47231 | ZIP 47240 | |
|---|---|---|
| Drove alone | 90.4% | 79.8% |
| Carpooled | 5.2% | 7.9% |
| Public transit | 0.0% | 0.0% |
| Walked | 0.8% | 2.9% |
| Bicycle | 0.0% | 0.0% |
| Worked from home | 3.6% | 8.2% |
| Other means | 0.0% | 1.1% |
Housing
Units in structure (share)
| ZIP 47231 | ZIP 47240 | |
|---|---|---|
| 1-unit, detached | 70.8% | 82.5% |
| 1-unit, attached | 0.4% | 1.4% |
| 2 to 4 units | 0.0% | 5.2% |
| 5 to 19 units | 1.9% | 4.5% |
| 20 or more units | 0.0% | 3.8% |
| Mobile home & other | 26.9% | 2.6% |
Poverty & households
| ZIP 47231 | ZIP 47240 | |
|---|---|---|
| Poverty rate | 34.2% | 8.7% |
| Average household size | 3.31 | 2.44 |
| Mean commute (minutes) | 24 | 21 |
| Median year structure built | 1983 | 1973 |