ZIP Code 47970 — Otterbein town, IN Demographics & Data

ZIP code 47970 covers Otterbein, IN in Warren County with a population of about 2,634.

At a glance, the area shows median age of 38.3 (near the U.S. median).

It sits in telephone area code 765; U.S. House district IN-4; the LAFAYETTE, IN media market.

Median household income in ZIP 47970 is about $72,468 — about 4% below the U.S. median ($75,149).

On socioeconomic markers, US5 shows a poverty rate of 13.8%; unemployment rate near 3.3%; 25.6% of adults with a bachelor’s degree or higher (about 8.1 points below the national share (33.7%)).

Labor and commute patterns include leading industry context around Manufacturing, Education, and Construction; about 3.8% of workers reporting work-from-home (about 11.4 points below the U.S. share (15.2%)); a mean commute of about 180.0 minutes (U.S. average near 26.8).

Median home value is about $162,700 — about 53% below the U.S. median home value ($348,079).

Housing tenure and rents show median gross rent around $604 (about 48% below the U.S. median rent ($1,163)), and owner-occupancy near 77.3% (about 11.9 points above the national owner-occupancy rate (65.4%)).

To comfortably buy a median-priced home in ZIP 47970 in Otterbein, IN, a household would need roughly $45,000 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 $1,045. That sits below the local median household income ($72,468), 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.

FEMA’s National Risk Index rates natural-hazard risk for Otterbein town, IN as Very Low (composite score 5.8), which is relatively lower than many U.S. communities. The strongest component scores on US5 are hurricane (23.7) and flood (12.3). These scores are county-linked NRI values published for planning context — all ZIP codes in the same county share the same composite score on US5. Useful when comparing insurance and disaster exposure across areas, not a substitute for a parcel-level flood or fire determination.

Climate normals for Otterbein town, IN show little to no average snow and around 39.7 inches of annual precipitation.

IRS migration statistics show a net inflow of about 121 for ZIP 47970 (Otterbein town, IN) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.