| ZIP Code | 47024 |
|---|---|
| City | Laurel |
| State | Indiana (IN) |
| County | Franklin County |
| Area Code | 765 |
| Elevation | 695 ft |
| Latitude | 39.476872 |
|---|---|
| Longitude | -85.199038 |
| Timezone | Indiana/Indianapolis (DST) |
| FIPS | 18047 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 36.4 yrs ↑ 17% since 2019 |
|---|---|
| Avg Household Size | 2.73 |
| Below Poverty | 16.0% ▲ 60% above avg |
| College Grads | 15.8% ▼ 59% below avg |
| Unemployment | 6.2% ▲ 26% above avg |
| No HS Diploma | 46 (2.8%) |
| HS Graduate | 712 (44%) |
| Some College | 424 (26.2%) |
| Associates | 182 (11.2%) |
| Bachelors | 144 (8.9%) |
| Graduate Degree | 111 (6.9%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $55,956 ▼ 27% below avg ↓ 7% since 2019 |
|---|---|
| Median Home Value | $114,300 ▼ 59% below avg ↑ 9% since 2019 |
| Home/Income Ratio | 2.0x (nat avg ~3.5x) |
| Median Rent | $980/mo ↑ 46% since 2019 |
| Total Units | 1,171 |
| Vacant Units | 107 |
| Avg HH Size | 2.73 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 1,171 |
|---|---|
| Vacant | 107 |
| Owner Occupied | 78.3% |
| Renter Occupied | 21.7% |
| Avg HH Size | 2.73 |
ZIP code 47024 is located in Laurel, Indiana, within Franklin County. With a population of 2,909, this is a sparsely populated ZIP code with a relatively young community — the median age is 36.4 years. Economically, 47024 is a solidly middle-class ZIP code: the median household income of $55,956 is below the national average.
Real estate in ZIP code 47024 represents one of the more affordable housing markets in the country. The median home value of $114,300 is well below the national average. Renters can expect to pay around $980 per month in median rent. Homeownership is strong here — 78.3% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 9% since 2019.
The population of 47024 is primarily White (92.57%). Residents are less-educated — 15.8% hold a bachelor's degree or higher, which is well below the national average. Poverty affects some residents at 16.0%. Household income has declined by 7% since 2019.
The unemployment rate in 47024 stands at 6.2%, which is above the national average. As in most parts of the country, driving alone is the dominant commute mode at 85%.
Overall, ZIP code 47024 in Laurel, IN is characterized as solidly middle-class, less-educated, a relatively young community, and predominantly owner-occupied. With 2,909 residents, a median household income of $55,956, and a median home value of $114,300, it offers a clear picture of life in this part of Indiana.