Best Places47862, IN Best Neighborhoods
2026–2027 edition · Data updated July 2026
Every neighborhood inside ZIP code 47862, 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.
47862 ranks 25,675th 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 47862
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.
47862's strengths and weaknesses
Where 47862 ranks high
- Cheap car insuranceBetter than 90% of zip codes
- State infrastructureBetter than 79% of zip codes
- Low property taxBetter than 78% of zip codes
- WalkabilityBetter than 67% of zip codes
- QuietBetter than 56% of zip codes
Where 47862 ranks low
- Low income/sales/gas taxBetter than only 7% of zip codes
- Health outlookBetter than only 7% of zip codes
- Nice weatherabout 60 pleasant days a year, better than only 8% of zip codes
- Educational attainmentBetter than only 9% of zip codes
- Internet speedBetter than only 17% of zip codes
What it costs to buy a home in 47862
A household needs to earn about $24,000 a year to comfortably buy the median 47862 home, at 20% down and today's 30-year rate. That is below the area's own median income of $63,971, 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 47862's effective rate of 0.54%, 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 3 years, then pulls ahead as rent keeps rising and the mortgage builds equity. The chart tracks the running cost of each.
Who lives in 47862
47862 runs older than the country.
Residents by age
Racial and ethnic makeup has its own map. See the race and diversity map for 47862.
Who works in 47862, and how
Work in 47862 centers on manufacturing and health care & social. Unemployment is close to the national rate, and employment has held roughly flat.
Largest industries
How people get to work
- Drive or carpool 90%
- Work from home 7%
- Transit, walk, or bike 2%
Life in 47862
The map and measures below break down dining, culture, and green space by neighborhood across 47862.
What the weather is like in 47862, month by month
47862 sees roughly 60 pleasant days a year. July highs average about 85 degrees. January highs sit near 37, with lows near 22. The comfortable stretch runs May through October.
Show the monthly temperatures
| Month | Avg high | Avg | Avg low |
|---|---|---|---|
| January | 37° | 29° | 22° |
| April | 65° | 53° | 43° |
| July | 85° | 74° | 65° |
| October | 69° | 56° | 46° |
Flying in and out of 47862
The nearest airport, University of Illinois/Willard, is about 52 miles away and is a small airport. The nearest major hub is Indianapolis International, about 57 miles away.
The best schools in and around 47862
Schools across 47862 average a C−, better than 24% of zip codes.
Top elementary schools
- Turkey Run Elementary SchoolB · 47% proficient
- Montezuma Elementary SchoolC+ · 37% proficient
Top high schools
- Riverton Parke Jr-sr High SchoolD+ · 24% proficient
Grades come from K-12 test scores, with scores projected for schools missing data. See every 47862 school and its grade on SchoolGrade.
47862 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 47862 against the other 33,109 zip codes.
Common questions about living in 47862
Is 47862 a good place to live?
Using BestNeighborhood's default rankings, 47862 ranks 25,675th of 33,110 zip codes. It scores highest on cheap car insurance, state infrastructure, and low property taxes, and lowest on taxes and health outcomes. How good it is for you depends on which of those you weight most, which the map lets you set.
Is 47862 expensive to live in?
The median home is worth $94,361. The overall cost of living runs about 18% below the national average. Set against a $63,971 median income, cost of living beats 41% of zip codes.
Is 47862 safe?
47862 is safer than 28% of zip codes. Safety varies a lot by neighborhood. Crime costs an estimated $370 per resident a year.
Compare 47862 with other zip codes
Sources and methodology
Every measure on this page is scored for each neighborhood, then rolled up to 47862. Scores are absolute rather than ranked, which means a 60 in 47862 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.
47862 detail on BestNeighborhood maps:
- Walk Grade for 47862: walkability, transit, and biking, measured on the real street network rather than by straight line distance.
- Noise in 47862: road, rail, and aviation sound modeling calibrated against federal ground truth measurements.
- Conservative vs liberal map of 47862: precinct level election results apportioned to neighborhoods.
- Mobile and cell coverage in 47862: carrier by carrier coverage behind the cell score.
47862 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.