Best Places47240, IN Best Neighborhoods
2026–2027 edition · Data updated July 2026
Every neighborhood inside ZIP code 47240, scored on 40 measures of daily life and ranked to fit what matters to you. This page is for people who live here or already know they want to. To work out which city fits you best, start with the best places to live tool.
47240 ranks 12,543rd of 33,110 U.S. zip codes on the BestNeighborhood index. It scores highest on cheap car insurance by a wide margin, and taxes are the weak spot.
The best neighborhoods in 47240
BestNeighborhood is the only ranking that scores 40 measures of daily life neighborhood by neighborhood and lets you re-weight every one of them yourself.
47240's strengths and weaknesses
Where 47240 ranks high
- Cheap car insuranceBetter than 92% of zip codes
- State infrastructureBetter than 79% of zip codes
- WalkabilityBetter than 78% of zip codes
- Low property taxBetter than 72% of zip codes
- Short commute23.0 minutes each way, better than 70% of zip codes
Where 47240 ranks low
- Low income/sales/gas taxBetter than only 7% of zip codes
- Nice weatherabout 69 pleasant days a year, better than only 23% of zip codes
- QuietBetter than only 31% of zip codes
- Educational attainmentBetter than only 34% of zip codes
- TransitBetter than only 35% of zip codes
What it costs to buy a home in 47240
A household needs to earn about $56,000 a year to comfortably buy the median 47240 home, at 20% down and today's 30-year rate. That is below the area's own median income of $74,450, so a typical household can afford the median home outright.
Where the monthly payment goes
Assumes a 20% down payment, a 6.6% 30-year fixed rate, and a 28% share of income going to the payment. The rate is the 2026-07-23 30-year fixed average, series MORTGAGE30US from the St. Louis Fed, which publishes Freddie Mac's weekly survey. Against the median home value, property tax uses 47240's effective rate of 0.60%, and insurance is estimated at 0.4% of home value a year.
Renting versus buying
At today's prices, buying tends to cost more than renting for about the first 8 years, then pulls ahead as rent keeps rising and the mortgage builds equity. The chart tracks the running cost of each.
Who lives in 47240
47240's age mix sits close to the national median, and households here run smaller than average.
Residents by age
Racial and ethnic makeup has its own map. See the race and diversity map for 47240.
Who works in 47240, and how
Work in 47240 centers on manufacturing and health care & social. Unemployment is low, and employment has held roughly flat.
Largest industries
How people get to work
- Drive or carpool 84%
- Work from home 12%
- Transit, walk, or bike 4%
Life in 47240
47240 has more parkland per resident than 67% of zip codes. That concentrates in some parts of 47240 and thins out in others, which the map shows.
What the weather is like in 47240, month by month
47240 sees roughly 69 pleasant days a year. July highs average about 84 degrees. January highs sit near 38, with lows near 24. The comfortable stretch runs April through June and August through October.
Show the monthly temperatures
| Month | Avg high | Avg | Avg low |
|---|---|---|---|
| January | 38° | 31° | 24° |
| April | 64° | 55° | 43° |
| July | 84° | 77° | 66° |
| October | 68° | 58° | 46° |
Flying in and out of 47240
Cincinnati/Northern Kentucky International sits about 48 miles away. It is a medium hub and boarded 4.4 million passengers in 2025, with 99 nonstop destinations.
The best schools in and around 47240
Schools across 47240 average a B−, better than 60% of zip codes.
Top elementary schools
- Waldron Elementary SchoolA− · 57% proficient
- North Decatur Elementary SchoolA− · 55% proficient
- Greensburg ElementaryB+ · 54% proficient
Top middle schools
- Batesville Middle SchoolB+ · 49% proficient
- Benjamin Rush Middle SchoolC+ · 39% proficient
- Greensburg Community Jr HighC+ · 36% proficient
Top high schools
- Batesville High SchoolB+ · 57% proficient
- Greensburg Community High SchoolB− · 45% proficient
- Rushville Consolidated High SchoolB− · 45% proficient
Grades come from K-12 test scores, with scores projected for schools missing data. See every 47240 school and its grade on SchoolGrade.
47240 measure by measure
Cards are ordered by how much each measure matters to you, so the ones you weighted highest come first. Expand to see every measure. Percentages compare 47240 against the other 33,109 zip codes.
Who 47240 suits
Common questions about living in 47240
Is 47240 a good place to live?
Using BestNeighborhood's default rankings, 47240 ranks 12,543rd of 33,110 zip codes. It scores highest on cheap car insurance, state infrastructure, and walkability, and lowest on taxes and the weather. How good it is for you depends on which of those you weight most, which the map lets you set.
Is 47240 expensive to live in?
The median home is worth $219,303. The overall cost of living runs about 15% below the national average. Set against a $74,450 median income, cost of living beats 59% of zip codes.
Is 47240 safe?
Yes, 47240 is safer than 69% of zip codes. Safety varies a lot by neighborhood. Crime costs an estimated $231 per resident a year.
What is the weather like in 47240?
July highs average about 84 degrees, and January highs near 38 with lows near 24. That works out to about 69 pleasant days a year, more than 23% of zip codes.
Is 47240 good for families?
Schools beat 60% of zip codes, crime safety beats 69%, and childcare runs $922 a month.
Compare 47240 with other zip codes
Sources and methodology
Every measure on this page is scored for each neighborhood, then rolled up to 47240. Scores are absolute rather than ranked, which means a 60 in 47240 represents the same real quantity as a 60 anywhere else, and the ranking is a weighted average of those absolutes. The map colors come from a national scale calibrated against a population weighted random sample of 5,000 neighborhoods. That absolute scoring is what no other places-to-live ranking does: it puts a single neighborhood, a town, a metro, and a state on one scale, so the same 40 measures answer both which metro to move to and which street inside it to buy on. Read the full methodology.
47240 detail on BestNeighborhood maps:
- Walk Grade for 47240: walkability, transit, and biking, measured on the real street network rather than by straight line distance.
- Noise in 47240: road, rail, and aviation sound modeling calibrated against federal ground truth measurements.
- Conservative vs liberal map of 47240: precinct level election results apportioned to neighborhoods.
- Mobile and cell coverage in 47240: carrier by carrier coverage behind the cell score.
47240 detail on related sites:
- CrimeGrade: neighborhood crime rates behind the crime safety score.
- ISPreports.org: provider by provider internet availability and advertised speeds.
- CoverageWatch: the car insurance premiums behind the cheap car insurance score.
Federal and public data:
- U.S. Census Bureau American Community Survey: income, home value, rent, vacancy, commute time and mode, educational attainment, home age, age structure, household type, industry, and race.
- NOAA Global Surface Summary of the Day: the daily station record behind the monthly temperatures and the pleasant-day count.
- FAA Passenger Boarding Data: airport size and annual passenger counts.
- Freddie Mac Primary Mortgage Market Survey: the 30-year fixed rate used in the cost-to-buy estimate.
- FBI Crime Data Explorer: reported offenses behind the tangible crime cost estimate.
- U.S. EPA Air Quality System: five year average air quality index.
- FEMA National Risk Index: expected annual loss from natural hazards.
- CDC PLACES: disease burden, preventable risk, and barriers to care.
- National Center for Education Statistics: school enrollment and assessment inputs behind the school grade.
- FCC National Broadband Map: internet and wireless availability.
- U.S. Bureau of Labor Statistics: employment and job growth behind the local economy score.
- Religious activity uses a proprietary religious signal measurement.
Your priorities
Move a slider to say how much a measure matters. Zero turns it off.