| ZIP Code | 47243 |
|---|---|
| City | Hanover |
| State | Indiana (IN) |
| County | Jefferson County |
| Area Code | 812/930 |
| Elevation | 786 ft |
| Latitude | 38.668701 |
|---|---|
| Longitude | -85.482235 |
| Timezone | Indiana/Indianapolis (DST) |
| FIPS | 18077 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 33.4 yrs ↑ 7% since 2019 |
|---|---|
| Avg Household Size | 2.70 |
| Below Poverty | 7.6% ▼ 24% below avg |
| College Grads | 31.5% ▼ 19% below avg |
| Unemployment | 5.0% ≈ Avg |
| No HS Diploma | 190 (5.6%) |
| HS Graduate | 1,104 (32.7%) |
| Some College | 477 (14.1%) |
| Associates | 542 (16.1%) |
| Bachelors | 444 (13.2%) |
| Graduate Degree | 618 (18.3%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $66,333 ▼ 13% below avg ↑ 22% since 2019 |
|---|---|
| Median Home Value | $172,000 ▼ 38% below avg ↑ 42% since 2019 |
| Home/Income Ratio | 2.6x (nat avg ~3.5x) |
| Median Rent | $922/mo ↑ 18% since 2019 |
| Total Units | 2,206 |
| Vacant Units | 276 |
| Avg HH Size | 2.70 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 2,206 |
|---|---|
| Vacant | 276 |
| Owner Occupied | 74.0% |
| Renter Occupied | 26.0% |
| Avg HH Size | 2.70 |
ZIP code 47243 is located in Hanover, Indiana, within Jefferson County. With a population of 6,235, this is a lightly populated ZIP code with a relatively young community — the median age is 33.4 years. Economically, 47243 is a solidly middle-class ZIP code: the median household income of $66,333 is near the national average.
Real estate in ZIP code 47243 represents an affordable housing market. The median home value of $172,000 is below the national average. Renters can expect to pay around $922 per month in median rent. Homeownership is strong here — 74.0% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 42% since 2019.
The population of 47243 is primarily White (91.48%). Residents are moderately educated — 31.5% hold a bachelor's degree or higher, which is below the national average. Poverty affects a relatively small share of residents at 7.6%. Household income has grown by 22% since 2019.
The unemployment rate in 47243 stands at 5.0%, which is near the national average. As in most parts of the country, driving alone is the dominant commute mode at 74%.
Overall, ZIP code 47243 in Hanover, IN is characterized as solidly middle-class, moderately educated, a relatively young community, and predominantly owner-occupied. With 6,235 residents, a median household income of $66,333, and a median home value of $172,000, it offers a clear picture of life in this part of Indiana.