| ZIP Code | 47342 |
|---|---|
| City | Gaston |
| State | Indiana (IN) |
| County | Delaware County |
| Area Code | 765 |
| Elevation | 892 ft |
| Latitude | 40.32858 |
|---|---|
| Longitude | -85.507983 |
| Timezone | Indiana/Indianapolis (DST) |
| FIPS | 18035 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 33.7 yrs ↓ 19% since 2019 |
|---|---|
| Avg Household Size | 2.63 |
| Below Poverty | 13.3% ▲ 33% above avg |
| College Grads | 28.9% ▼ 25% below avg |
| Unemployment | 4.8% ≈ Avg |
| No HS Diploma | 23 (1.5%) |
| HS Graduate | 503 (33.1%) |
| Some College | 233 (15.3%) |
| Associates | 321 (21.1%) |
| Bachelors | 237 (15.6%) |
| Graduate Degree | 202 (13.3%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $65,568 ▼ 14% below avg ↑ 46% since 2019 |
|---|---|
| Median Home Value | $131,000 ▼ 53% below avg ↑ 64% since 2019 |
| Home/Income Ratio | 2.0x (nat avg ~3.5x) |
| Median Rent | $913/mo ↑ 24% since 2019 |
| Total Units | 1,053 |
| Vacant Units | 97 |
| Avg HH Size | 2.63 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 1,053 |
|---|---|
| Vacant | 97 |
| Owner Occupied | 76.7% |
| Renter Occupied | 23.3% |
| Avg HH Size | 2.63 |
ZIP code 47342 is located in Gaston, Indiana, within Delaware County. With a population of 2,514, this is a sparsely populated ZIP code with a relatively young community — the median age is 33.7 years. Economically, 47342 is a solidly middle-class ZIP code: the median household income of $65,568 is near the national average.
Real estate in ZIP code 47342 represents one of the more affordable housing markets in the country. The median home value of $131,000 is well below the national average. Renters can expect to pay around $913 per month in median rent. Homeownership is strong here — 76.7% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 64% since 2019.
The population of 47342 is primarily White (92.72%). Residents are moderately educated — 28.9% hold a bachelor's degree or higher, which is below the national average. Poverty affects some residents at 13.3%. Household income has grown by 46% since 2019.
The unemployment rate in 47342 stands at 4.8%, which is near the national average. As in most parts of the country, driving alone is the dominant commute mode at 80%.
Overall, ZIP code 47342 in Gaston, IN is characterized as solidly middle-class, moderately educated, a relatively young community, and predominantly owner-occupied. With 2,514 residents, a median household income of $65,568, and a median home value of $131,000, it offers a clear picture of life in this part of Indiana.