| ZIP Code | 47340 |
|---|---|
| City | Farmland |
| State | Indiana (IN) |
| County | Randolph County |
| Area Code | 765 |
| Elevation | 1,035 ft |
| Latitude | 40.180757 |
|---|---|
| Longitude | -85.133663 |
| Timezone | Indiana/Indianapolis (DST) |
| FIPS | 18135 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 40.9 yrs ↑ 5% since 2019 |
|---|---|
| Avg Household Size | 2.37 |
| Below Poverty | 10.5% ≈ Avg |
| College Grads | 33.7% ▼ 13% below avg |
| Unemployment | 3.4% ▼ 31% below avg |
| No HS Diploma | 5 (0.2%) |
| HS Graduate | 868 (42%) |
| Some College | 250 (12.1%) |
| Associates | 248 (12%) |
| Bachelors | 236 (11.4%) |
| Graduate Degree | 461 (22.3%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $61,146 ▼ 20% below avg ↑ 16% since 2019 |
|---|---|
| Median Home Value | $165,000 ▼ 41% below avg ↑ 88% since 2019 |
| Home/Income Ratio | 2.7x (nat avg ~3.5x) |
| Median Rent | $845/mo ↑ 27% since 2019 |
| Total Units | 1,548 |
| Vacant Units | 167 |
| Avg HH Size | 2.37 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 1,548 |
|---|---|
| Vacant | 167 |
| Owner Occupied | 74.7% |
| Renter Occupied | 25.3% |
| Avg HH Size | 2.37 |
ZIP code 47340 is located in Farmland, Indiana, within Randolph County. With a population of 3,267, this is a sparsely populated ZIP code with a middle-aged community — the median age is 40.9 years. Economically, 47340 is a solidly middle-class ZIP code: the median household income of $61,146 is below the national average.
Real estate in ZIP code 47340 represents an affordable housing market. The median home value of $165,000 is below the national average. Renters can expect to pay around $845 per month in median rent. Homeownership is strong here — 74.7% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 88% since 2019.
The population of 47340 is primarily White (93.82%). Residents are moderately educated — 33.7% hold a bachelor's degree or higher, which is near the national average. Poverty affects some residents at 10.5%. Household income has grown by 16% since 2019.
The unemployment rate in 47340 stands at 3.4%, which is below the national average. As in most parts of the country, driving alone is the dominant commute mode at 84%.
Overall, ZIP code 47340 in Farmland, IN is characterized as solidly middle-class, moderately educated, a middle-aged community, and predominantly owner-occupied. With 3,267 residents, a median household income of $61,146, and a median home value of $165,000, it offers a clear picture of life in this part of Indiana.