What to know about ZIP 47308
ZIP code 47308 covers ZIP 47308 with a population of about 2,308.
At a glance, the area shows median age of 41.3 versus a U.S. median of about 38.9.
It sits in the INDIANAPOLIS media market.
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ZIP Code 47308 — undefined, undefined Demographics & Data
Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.
Working Class
At a glance
Population
2,308
Density
N/A
Median income
$38,203
-49% vs US avg
Home value
$77,700
-78% vs US avg
Median rent
$662
-43% vs US avg
Timezone
N/A
Overview of ZIP Code 47308
Income and economy in ZIP 47308
Median household income in ZIP 47308 is about $38,203 — about 49% below the U.S. median ($75,149).
On socioeconomic markers, US5 shows a poverty rate of 33.2%; unemployment rate near 2.4%; 16.2% of adults with a bachelor’s degree or higher (about 17.5 points below the national share (33.7%)).
Labor and commute patterns include leading industry context around Manufacturing, Food services, and Finance and insurance; about 5.2% of workers reporting work-from-home (about 10.0 points below the U.S. share (15.2%)); a mean commute of about 180.0 minutes (U.S. average near 26.8).
Housing and affordability in ZIP 47308
Median home value is about $77,700 — about 78% below the U.S. median home value ($348,079).
Housing tenure and rents show median gross rent around $662 (about 43% below the U.S. median rent ($1,163)), and owner-occupancy near 44.9% (about 20.5 points below the national owner-occupancy rate (65.4%)).
To comfortably buy a median-priced home in ZIP 47308, a household would need roughly $21,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $499. That sits below the local median household income ($38,203), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.