Population 24,454 · Census ACS 2020–24
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Population and households in ZIP 47408
Household size in ZIP 47408
| Period | ZIP 47408 | Indiana | U.S. |
|---|---|---|---|
| 2006–10 | 2.35 | 2.57 | 2.68 |
| 2010–14 | 2.38 | 2.59 | 2.73 |
| 2015–19 | 2.45 | 2.57 | 2.71 |
| 2020–24 | 2.06 | 2.54 | 2.65 |
| Change | −0.28 | −0.03 | −0.03 |
Households in ZIP 47408 are small: just 2.06 people on average, compared with 2.65 nationally. That is typical of places where many people live alone or as couples, and fewer have children at home. Since 2006–10, household size has dropped from 2.35, a much bigger shift than nationally. Of the 301 Indiana ZIP codes with 5,000+ people, only seven have smaller households.
Household size: the average number of people living in each occupied home. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25010).
Median age in ZIP 47408
| Period | ZIP 47408 | Indiana | U.S. |
|---|---|---|---|
| 2006–10 | 30.2 | 37.5 | 37.7 |
| 2010–14 | 30.9 | 38.4 | 38.6 |
| 2015–19 | 32.0 | 39.1 | 39.6 |
| 2020–24 | 31.4 | 39.3 | 40.1 |
| Change | +1.2 | +1.7 | +2.3 |
With a median age of just 31.4, ZIP 47408 is far younger than the country as a whole (40.1), a population that tilts toward young adults, many of them living alone or as couples. The median age has climbed from 30.2 in 2006–10, mirroring the country. Of the 301 Indiana ZIP codes with 5,000+ people, only 15 are younger.
Median age: the age that splits residents into two equal halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B01002).
Single-parent households in ZIP 47408
| Period | ZIP 47408 | Indiana | U.S. |
|---|---|---|---|
| 2006–10 | 6.4% | 11.8% | 12.3% |
| 2010–14 | 5.8% | 12.0% | 12.3% |
| 2015–19 | 5.2% | 11.6% | 11.6% |
| 2020–24 | 5.8% | 11.7% | 11.6% |
| Change | −0.5 pts | −0.1 pts | −0.6 pts |
Single-parent households are relatively rare in ZIP 47408: 5.8% of households, against 11.6% nationally. The single-parent share has edged down 0.5 points since 2006–10, in line with the national trend. Only 17 of the 301 Indiana ZIP codes with 5,000+ people have a lower share of single-parent households.
Single-parent households: households where one adult with no spouse present lives with children under 18. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B11003).
Housing in ZIP 47408
Renters in ZIP 47408
| Period | ZIP 47408 | Indiana | U.S. |
|---|---|---|---|
| 2006–10 | 62.4% | 28.5% | 33.3% |
| 2010–14 | 62.7% | 30.5% | 35.6% |
| 2015–19 | 61.4% | 30.9% | 36.0% |
| 2020–24 | 64.4% | 29.4% | 34.8% |
| Change | +2.0 pts | +1.0 pts | +1.5 pts |
Most households in ZIP 47408 rent: 64.4% of occupied homes are rented, far above the national share of 34.8%. Expect more apartments, and more turnover, than in owner-heavy areas. Among homeowners, 45.2% have no mortgage at all, above the national share of 39.8%. The renter share has risen 2.0 points since 2006–10, as it has nationally.
Renters: occupied homes that are rented rather than owned. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25003).
Vacant homes in ZIP 47408
| Period | ZIP 47408 | Indiana | U.S. |
|---|---|---|---|
| 2006–10 | 18.4% | 11.2% | 11.4% |
| 2010–14 | 13.5% | 11.2% | 11.4% |
| 2015–19 | 15.2% | 10.9% | 11.1% |
| 2020–24 | 15.1% | 9.3% | 9.6% |
| Change | −3.3 pts | −2.0 pts | −1.8 pts |
Vacancy is high in ZIP 47408: 15.1% of homes are empty, far above the national rate of 9.6%. In resort and lake areas that usually means seasonal and vacation homes; elsewhere it can point to weak demand. Vacancy has fallen 3.3 points since 2006–10, in line with the national trend.
Vacant homes: homes with no one living in them, including vacation homes and homes for sale or rent. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25002).
Age of homes in ZIP 47408
| Period | ZIP 47408 | Indiana | U.S. |
|---|---|---|---|
| 2006–10 | 1975 | 1972 | 1974 |
| 2010–14 | 1974 | 1973 | 1975 |
| 2015–19 | 1980 | 1974 | 1977 |
| 2020–24 | 1977 | 1977 | 1980 |
| Change | +2 | +5 | +6 |
Homes in ZIP 47408 are about the same age as the nation's housing: the median home was built in 1977, versus 1980 nationally. The newest homes are mostly in the west, the oldest in the center.
Age of homes: the year that splits the housing stock into older and newer halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25035).
Rent in ZIP 47408
| Period | ZIP 47408 | Indiana | U.S. |
|---|---|---|---|
| 2006–10 | $778 | $763 | $965 |
| 2010–14 | $859 | $819 | $1,040 |
| 2015–19 | $928 | $903 | $1,213 |
| 2020–24 | $1,234 | $1,146 | $1,571 |
| Change | +$456 | +$384 | +$606 |
The median renter in ZIP 47408 pays $1,234 a month for rent and utilities, well below the national median of $1,571. Even so, rents here are higher than in Indiana as a whole ($1,146). Rent has climbed $456 a month since 2006–10, up 59%, a slower climb than the nation's. The typical renter here spends 40.2% of household income on rent, well over the 30% mark often used to define affordable rent, so many renters here are stretched.
Rent: monthly rent plus the utilities renters pay themselves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25064).
Education in ZIP 47408
Bachelor's degrees in ZIP 47408
| Period | ZIP 47408 | Indiana | U.S. |
|---|---|---|---|
| 2006–10 | 60.2% | 23.8% | 28.4% |
| 2010–14 | 61.8% | 24.6% | 29.6% |
| 2015–19 | 57.8% | 27.1% | 32.1% |
| 2020–24 | 55.0% | 30.0% | 35.6% |
| Change | −5.1 pts | +6.2 pts | +7.2 pts |
ZIP 47408 is highly educated: more than half of adults 25 and older (55.0%) hold at least a bachelor's degree, far above the national share of 35.6%. The share with a degree has fallen 5.1 points since 2006–10, even as the national share rose. Only 22 of the 301 Indiana ZIP codes with 5,000+ people have a higher share of college graduates.
Bachelor's degrees: adults 25 and older with a bachelor's degree or higher. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
High school graduates in ZIP 47408
| Period | ZIP 47408 | Indiana | U.S. |
|---|---|---|---|
| 2006–10 | 93.5% | 86.5% | 84.9% |
| 2010–14 | 93.7% | 87.7% | 86.1% |
| 2015–19 | 96.0% | 88.7% | 87.7% |
| 2020–24 | 94.5% | 89.9% | 89.3% |
| Change | +0.9 pts | +3.4 pts | +4.3 pts |
High school completion is high in ZIP 47408: 94.5% of adults 25 and older have a diploma or equivalent, well above the national rate of 89.3%. The share with a diploma has edged up 0.9 points since 2006–10, a smaller shift than nationally.
High school graduates: adults 25 and older with a high school diploma, GED or more. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
Jobs in ZIP 47408
| Period | ZIP 47408 | Indiana | U.S. |
|---|---|---|---|
| 2006–10 | 5.4% | 8.4% | 8.1% |
| 2010–14 | 7.9% | 8.9% | 9.4% |
| 2015–19 | 7.7% | 4.9% | 5.6% |
| 2020–24 | 5.5% | 4.3% | 5.4% |
| Change | +0.0 pts | −4.1 pts | −2.7 pts |
At 5.5%, unemployment in ZIP 47408 is close to the national rate of 5.4%. The rate is higher than in Indiana overall (4.3%). Each figure pools five years of surveys (2020–24), so it describes that whole stretch rather than today's job market.
Unemployment: people looking for work as a share of everyone working or looking. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B23025).
ZIP 47408 compared with nearby ZIP codes
| ZIP code | Household size | Median age | Single parents | Renters | Vacant homes | Median year built | Median rent | Bachelor's degree | High school diploma | Unemployment |
|---|---|---|---|---|---|---|---|---|---|---|
| ZIP 47408 | 2.06 | 31.4 | 5.8% | 64.4% | 15.1% | 1977 | $1,234 | 55.0% | 94.5% | 5.5% |
| ZIP 47406 | 1.60 | 19.7 | 7.1% | 92.9% | 55.3% | 1963 | $841 | 74.0% | 99.4% | 10.3% |
| ZIP 47405 | 1.95 | 19.3 | 7.1% | 89.2% | 10.8% | 1972 | $829 | 98.7% | 99.9% | 10.0% |
| ZIP 47401 | 2.01 | 39.1 | 5.2% | 45.7% | 9.1% | 1986 | $1,310 | 64.2% | 95.6% | 6.2% |
| ZIP 47404 | 2.34 | 35.9 | 10.8% | 42.3% | 11.8% | 1983 | $1,180 | 43.8% | 94.1% | 4.4% |
| ZIP 47403 | 2.26 | 36.1 | 11.9% | 46.2% | 7.5% | 1986 | $1,133 | 41.3% | 94.4% | 5.0% |
| ZIP 47468 | 2.28 | 54.3 | 9.6% | 12.7% | 21.9% | 1981 | $1,708 | 33.7% | 94.6% | 3.4% |
| ZIP 47429 | 2.53 | 40.7 | 6.3% | 13.4% | 8.5% | 1989 | $936 | 34.0% | 96.3% | 2.4% |
| ZIP 47458 | 2.43 | 42.3 | 13.9% | 19.0% | 12.0% | 1982 | $1,228 | 29.6% | 96.3% | 5.7% |
| ZIP 47464 | 2.68 | 38.9 | 11.5% | 11.6% | 7.1% | 1991 | $642 | 38.6% | 95.2% | 1.1% |
| ZIP 47434 | 3.01 | 36.0 | 16.1% | 5.8% | 11.0% | 1975 | $972 | 34.7% | 90.4% | 0.0% |
All figures 2020–24.
Zip codes with similar populations: 30312, GA · 74075, OK · 04005, ME · 45236, OH · 48067, MI · 48371, MI · 56201, MN · 60124, IL · 61571, IL · 71118, LA
About these numbers
Every figure on this page is a BestNeighborhood calculation from the Census Bureau's American Community Survey (ACS), built up from the Census block groups that make up ZIP 47408. Each ACS 5-year release pools five years of responses; this page shows the last 15 releases, 2006–10 through 2020–24. Neighboring releases share four of their five years, so they move gradually and small changes between them are within the survey's margin of error; in small places the lines can jump from one release to the next for the same reason. The maps show the same measures for each neighborhood, ranked against the whole country.
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