| ZIP Code | 47016 |
|---|---|
| City | Cedar Grove |
| State | Indiana (IN) |
| County | Franklin County |
| Area Code | 812/930 |
| Elevation | 1,012 ft |
| Latitude | 39.372219 |
|---|---|
| Longitude | -84.890262 |
| Timezone | Indiana/Indianapolis (DST) |
| FIPS | 18047 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 55.8 yrs ↑ 13% since 2019 |
|---|---|
| Avg Household Size | 1.92 |
| Below Poverty | 4.5% ▼ 55% below avg |
| College Grads | 20.5% ▼ 47% below avg |
| Unemployment | 2.1% ▼ 57% below avg |
| HS Graduate | 278 (50.5%) |
| Some College | 93 (16.9%) |
| Associates | 67 (12.2%) |
| Bachelors | 20 (3.6%) |
| Graduate Degree | 93 (16.9%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $66,533 ▼ 13% below avg ↓ 9% since 2019 |
|---|---|
| Median Home Value | $222,700 ▼ 20% below avg ↑ 38% since 2019 |
| Home/Income Ratio | 3.3x (nat avg ~3.5x) |
| Median Rent | $738/mo ↓ 9% since 2019 |
| Total Units | 355 |
| Avg HH Size | 1.92 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 355 |
|---|---|
| Owner Occupied | 89.0% |
| Renter Occupied | 11.0% |
| Avg HH Size | 1.92 |
ZIP code 47016 is located in Cedar Grove, Indiana, within Franklin County. With a population of 683, this is a sparsely populated ZIP code with an older community — the median age is 55.8 years. Economically, 47016 is a solidly middle-class ZIP code: the median household income of $66,533 is near the national average.
Real estate in ZIP code 47016 represents an affordable housing market. The median home value of $222,700 is below the national average. Renters can expect to pay around $738 per month in median rent. Homeownership is strong here — 89.0% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 38% since 2019.
The population of 47016 is primarily White (98.24%). Residents are less-educated — 20.5% hold a bachelor's degree or higher, which is below the national average. Poverty affects a relatively small share of residents at 4.5%. Household income has declined by 9% since 2019.
The unemployment rate in 47016 stands at 2.1%, which is well below the national average. About 21% of workers are remote. As in most parts of the country, driving alone is the dominant commute mode at 59%.
Overall, ZIP code 47016 in Cedar Grove, IN is characterized as solidly middle-class, less-educated, an older community, and predominantly owner-occupied. With 683 residents, a median household income of $66,533, and a median home value of $222,700, it offers a clear picture of life in this part of Indiana.