| ZIP Code | 47240 |
|---|---|
| City | Greensburg |
| State | Indiana (IN) |
| County | Decatur County |
| Area Code | 812/930 |
| Elevation | 900 ft |
| Latitude | 39.306027 |
|---|---|
| Longitude | -85.478417 |
| Timezone | Indiana/Indianapolis (DST) |
| FIPS | 18031 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 40.7 yrs ↑ 4% since 2019 |
|---|---|
| Avg Household Size | 2.44 |
| Below Poverty | 8.5% ▼ 15% below avg |
| College Grads | 30.6% ▼ 21% below avg |
| Unemployment | 2.2% ▼ 55% below avg |
| No HS Diploma | 161 (1.2%) |
| HS Graduate | 6,082 (44.3%) |
| Some College | 1,954 (14.2%) |
| Associates | 1,321 (9.6%) |
| Bachelors | 1,399 (10.2%) |
| Graduate Degree | 2,799 (20.4%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $74,373 ≈ Avg ↑ 25% since 2019 |
|---|---|
| Median Home Value | $201,100 ▼ 28% below avg ↑ 43% since 2019 |
| Home/Income Ratio | 2.7x (nat avg ~3.5x) |
| Median Rent | $830/mo ↑ 5% since 2019 |
| Total Units | 9,565 |
| Vacant Units | 931 |
| Avg HH Size | 2.44 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 9,565 |
|---|---|
| Vacant | 931 |
| Owner Occupied | 73.1% |
| Renter Occupied | 26.9% |
| Avg HH Size | 2.44 |
ZIP code 47240 is located in Greensburg, Indiana, within Decatur County. With a population of 21,514, this is a moderately populated ZIP code with a middle-aged community — the median age is 40.7 years. Economically, 47240 is a solidly middle-class ZIP code: the median household income of $74,373 is near the national average.
Real estate in ZIP code 47240 represents an affordable housing market. The median home value of $201,100 is below the national average. Renters can expect to pay around $830 per month in median rent. Homeownership is strong here — 73.1% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 43% since 2019.
The population of 47240 is primarily White (93.15%). Residents are moderately educated — 30.6% hold a bachelor's degree or higher, which is below the national average. Poverty affects a relatively small share of residents at 8.5%. Household income has grown by 25% since 2019.
The unemployment rate in 47240 stands at 2.2%, which is well below the national average. As in most parts of the country, driving alone is the dominant commute mode at 80%.
Overall, ZIP code 47240 in Greensburg, IN is characterized as solidly middle-class, moderately educated, a middle-aged community, and predominantly owner-occupied. With 21,514 residents, a median household income of $74,373, and a median home value of $201,100, it offers a clear picture of life in this part of Indiana.