ZIP 47362 - 860Z200US47362 — Demographic Snapshot (2023)

Overview

If you're considering ZIP code 47362 for your next home, investment property, or business location, understanding the local demographics and housing landscape is essential. Located in a region with a stable population and affordable housing, this area offers unique opportunities for homebuyers, real estate investors, agents, small-business owners, and analysts. Drawing from the latest 2023 data, this snapshot provides a clear picture of the community’s composition, income levels, and housing metrics to help you make informed decisions.

Population & Households

ZIP 47362 is home to a population of 29,442 residents, making it a moderately sized community with a mix of families, professionals, and retirees. The area supports 10,829 households, reflecting a strong base of local residents who contribute to the community’s economy and culture. With 12,523 total housing units, there’s a notable supply of homes, though not all are occupied, suggesting potential availability for new residents or investors looking to enter the market.

Income & Housing Costs

The median household income in ZIP 47362 stands at $56,564, indicating a community with moderate earning power. This income level supports a housing market that remains accessible compared to national averages. The median house value is $131,800, offering an affordable entry point for homebuyers or investors seeking properties with growth potential. For renters, the median rent is $792 per month, which is relatively budget-friendly and could appeal to those not yet ready to buy or looking for flexible living arrangements.

Race & Ethnicity

The demographic makeup of ZIP 47362 is predominantly White, with 90.18% of the population identifying as such. Black residents account for 3.4%, while Asian residents make up 0.66% of the population. Additionally, 2.51% of the population identifies as Hispanic. This composition reflects a largely homogeneous community with smaller but notable diversity, which may influence cultural dynamics, local businesses, and community services. For business owners or investors, understanding this breakdown can help tailor offerings or marketing strategies to the area’s primary demographic.

Key Facts

• Total population: 29,442 residents, offering a stable community size for businesses and investors.
• Total households: 10,829, indicating a solid base of local consumers and potential tenants.
• Total housing units: 12,523, with some unoccupied units suggesting room for market entry.
• Median household income: $56,564, supporting moderate purchasing power in the area.
• Median house value: $131,800, an affordable option for buyers and investors alike.
• Median rent: $792, providing a cost-effective choice for renters.
• Racial composition: 90.18% White, 3.4% Black, 0.66% Asian, 2.51% Hispanic, reflecting limited diversity.

What This Means for You

For homebuyers, ZIP 47362 presents an affordable housing market with a median home value of $131,800, well below many urban benchmarks. This could be an ideal spot to purchase a starter home or settle into a community with a stable population base. The moderate median income suggests neighbors with steady financial footing, which often correlates with well-maintained properties and community pride.

For investors and real estate agents, the gap between total housing units (12,523) and occupied households (10,829) hints at opportunities to acquire or flip properties, especially at a median value of $131,800. Rental demand also appears viable with a median rent of $792, potentially attracting tenants seeking affordable options in a quieter area.

For small-business owners, a population of nearly 30,000 offers a decent customer base, particularly with a median income of $56,564 supporting discretionary spending. The demographic homogeneity (90.18% White) may simplify targeting products or services, though incorporating diversity in offerings could help capture smaller market segments.

For analysts, the data points to a stable, affordable community with potential for slow but steady growth. Monitoring trends in unoccupied housing units and income shifts could reveal emerging opportunities or risks in this ZIP code.

Run This Study Yourself

• Curious about ZIP 47362 or another area? Dive deeper into demographic and housing data with ease.
• Visit ZipcodeGPT to access powerful tools that break down local stats for any ZIP code.
• Run your own analysis in minutes and uncover insights tailored to your needs as a buyer, investor, or business owner.