ZIP 47304 - 860Z200US47304 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 47304, located in Muncie, Indiana, this demographic and housing snapshot offers a clear picture of the area based on 2023 data. With a population of over 31,000 and a mix of housing options, this ZIP code presents unique opportunities for homebuyers, real estate investors, small-business owners, and analysts. Let’s break down the key metrics to help you understand the community, economy, and housing landscape of 47304.

Population & Households

ZIP 47304 is home to 31,432 residents, making it a moderately sized community with a diverse range of household types. The area includes 13,485 households, reflecting a strong base of families, singles, and retirees. With 14,303 total housing units, there’s a slight surplus of homes compared to occupied households, which could indicate availability for new residents or investors looking for rental properties. This balance suggests a stable community with room for growth, appealing to those seeking a settled yet dynamic place to live or work.

Income & Housing Costs

The median household income in ZIP 47304 stands at $67,756, positioning it as a middle-income area with reasonable earning potential for residents. Housing affordability is a key draw here, with a median house value of $161,700—well below many national averages. For renters, the median rent is $951 per month, offering a cost-effective alternative to homeownership. These figures suggest that 47304 could be an attractive option for first-time buyers or investors seeking properties with solid value and manageable costs, as well as businesses targeting a middle-income customer base.

Race & Ethnicity

The demographic makeup of ZIP 47304 is predominantly White, with 84.59% of the population identifying as such. Black residents account for 3.97%, Asian residents make up 3.71%, and Hispanic or Latino individuals represent 3.08% of the population. This composition reflects a largely homogeneous community with smaller but notable diverse groups. For businesses and investors, understanding this breakdown can help tailor services, marketing, or community engagement strategies to resonate with the area’s cultural landscape.

Key Facts

• Total population: 31,432 residents in 2023.
• Total households: 13,485, supporting a mix of family and individual living arrangements.
• Total housing units: 14,303, indicating potential availability for new occupants or rentals.
• Median household income: $67,756, reflecting a stable middle-income community.
• Median house value: $161,700, offering affordability for buyers and investors.
• Median rent: $951, a competitive rate for renters in the area.
• Racial composition: 84.59% White, 3.97% Black, 3.71% Asian, 3.08% Hispanic.

What This Means for You

For homebuyers, ZIP 47304 offers an affordable entry into homeownership with a median house value of $161,700 and reasonable rental options at $951 per month. The slight surplus of housing units suggests you may have negotiating power or a variety of choices when searching for a home. Investors and real estate agents can capitalize on the area’s stability and affordability, targeting first-time buyers or renters with properties that promise good returns at a lower entry cost. The population size and income levels indicate a steady demand for housing, whether for sale or lease.

For small-business owners, the middle-income demographic and population of over 31,000 provide a solid customer base for goods and services tailored to everyday needs. The racial and ethnic composition offers insights into cultural preferences, helping you refine your offerings or marketing approach. Analysts can use this data as a benchmark to track trends in housing affordability, demographic shifts, or economic growth in 47304, comparing it to nearby ZIP codes or national averages for deeper insights.

Run This Study Yourself

• Curious about other areas or want updated stats for ZIP 47304? Dive into detailed demographic and housing data on your own.
• Visit ZipcodeGPT to access user-friendly tools that break down ZIP code insights in seconds.
• Input any ZIP code to uncover population, income, housing, and more—empowering your next decision with data.