| ZIP Code | 47357 |
|---|---|
| City | Milton |
| State | Indiana (IN) |
| County | Wayne County |
| Area Code | 765 |
| Elevation | 921 ft |
| Latitude | 39.751359 |
|---|---|
| Longitude | -85.146917 |
| Timezone | Indiana/Indianapolis (DST) |
| FIPS | 18177 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 40.0 yrs ↓ 7% since 2019 |
|---|---|
| Avg Household Size | 2.52 |
| Below Poverty | 6.0% ▼ 40% below avg |
| College Grads | 30.4% ▼ 22% below avg |
| Unemployment | 0.3% ▼ 94% below avg |
| No HS Diploma | 2 (0.3%) |
| HS Graduate | 329 (43.7%) |
| Some College | 83 (11%) |
| Associates | 110 (14.6%) |
| Bachelors | 106 (14.1%) |
| Graduate Degree | 123 (16.3%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $97,544 ▲ 28% above avg ↑ 84% since 2019 |
|---|---|
| Median Home Value | $131,300 ▼ 53% below avg ↑ 46% since 2019 |
| Home/Income Ratio | 1.3x (nat avg ~3.5x) |
| Median Rent | $761/mo ↓ 6% since 2019 |
| Total Units | 501 |
| Vacant Units | 31 |
| Avg HH Size | 2.52 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 501 |
|---|---|
| Vacant | 31 |
| Owner Occupied | 91.3% |
| Renter Occupied | 8.7% |
| Avg HH Size | 2.52 |
ZIP code 47357 is located in Milton, Indiana, within Wayne County. With a population of 1,184, this is a sparsely populated ZIP code with a middle-aged community — the median age is 40 years. Economically, 47357 is a middle-income ZIP code: the median household income of $97,544 is above the national average.
Real estate in ZIP code 47357 represents one of the more affordable housing markets in the country. The median home value of $131,300 is well below the national average. Renters can expect to pay around $761 per month in median rent. Homeownership is strong here — 91.3% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 46% since 2019.
The population of 47357 is primarily White (98.23%). Residents are moderately educated — 30.4% hold a bachelor's degree or higher, which is below the national average. Poverty affects a relatively small share of residents at 6.0%. Household income has grown by 84% since 2019.
The unemployment rate in 47357 stands at 0.3%, which is well below the national average. As in most parts of the country, driving alone is the dominant commute mode at 83%.
Overall, ZIP code 47357 in Milton, IN is characterized as middle-income, moderately educated, a middle-aged community, and predominantly owner-occupied. With 1,184 residents, a median household income of $97,544, and a median home value of $131,300, it offers a clear picture of life in this part of Indiana.