ZIP 47802 - 860Z200US47802 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 47802 for your next home, investment, or business venture, this demographic and housing snapshot offers a clear picture of the area. Located in Terre Haute, Indiana, ZIP 47802 encompasses a diverse community with a mix of residential and economic opportunities. Using the latest 2023 data, we’ll break down population stats, household income, housing costs, and racial composition to help you make informed decisions. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights will guide your next steps in this region.

Population & Households

ZIP 47802 is home to a population of 33,192 residents, making it a moderately sized community with a stable residential base. This area supports 13,466 households, reflecting a strong foundation for local businesses and services. With 14,682 total housing units, there’s a slight surplus of available properties compared to occupied households, which could indicate opportunities for buyers or renters looking to move in. This balance between population and housing suggests a community with room for growth, appealing to those seeking a less crowded yet vibrant area.

Income & Housing Costs

The median household income in ZIP 47802 stands at $58,880, positioning it as a middle-income area where residents enjoy a reasonable cost of living. For homebuyers and investors, the median house value of $165,800 offers an accessible entry point compared to many urban markets, making it an attractive option for first-time buyers or those seeking affordable investment properties. Renters will find the median rent of $865 per month to be relatively budget-friendly, providing flexibility for those not ready to purchase. These figures highlight ZIP 47802 as a practical choice for balancing affordability with quality of life.

Race & Ethnicity

The demographic makeup of ZIP 47802 reflects a predominantly white population at 81.78%, with smaller but significant representation from other groups. Black residents account for 8.26% of the population, while Asian individuals make up 2.54%. Additionally, 3.37% of the population identifies as Hispanic. This diversity, though not as pronounced as in larger metropolitan areas, contributes to a community with varied perspectives and cultural influences. For businesses and investors, this mix can inform marketing strategies or community engagement efforts tailored to local demographics.

Key Facts

• Total population: 33,192 residents, offering a stable community base.
• Total households: 13,466, supporting local economic activity.
• Total housing units: 14,682, indicating potential availability for new residents.
• Median household income: $58,880, reflecting a middle-income area.
• Median house value: $165,800, an affordable option for buyers and investors.
• Median rent: $865, providing cost-effective rental opportunities.
• Racial composition: 81.78% white, 8.26% black, 2.54% Asian, 3.37% Hispanic.

What This Means for You

For homebuyers, ZIP 47802 presents an affordable housing market with a median home value of $165,800, ideal for those looking to settle in a community with a manageable cost of living. The slight surplus of housing units (14,682 total versus 13,466 households) suggests you may have negotiating power or options to choose from. Real estate investors and agents can capitalize on this affordability and availability, targeting first-time buyers or renters with a median rent of $865 that appeals to a broad audience. Small-business owners will find a population of over 33,000 residents and a median income of $58,880, indicating a customer base with disposable income for local goods and services. Analysts can use this data to assess growth potential, noting the area’s diversity and economic stability as factors for future development. Whatever your goal, ZIP 47802 offers a balanced environment to build your future.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 47802? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
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• Use the insights to make data-driven decisions for your home purchase, investment, or business strategy.