| ZIP Code | 47374 |
|---|---|
| City | Richmond |
| State | Indiana (IN) |
| County | Wayne County |
| Area Code | 765 |
| Elevation | 995 ft |
| Latitude | 39.833762 |
|---|---|
| Longitude | -84.889666 |
| Timezone | Indiana/Indianapolis (DST) |
| FIPS | 18177 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 40.6 yrs |
|---|---|
| Avg Household Size | 2.31 |
| Below Poverty | 19.0% ▲ 90% above avg |
| College Grads | 32.5% ▼ 16% below avg |
| Unemployment | 6.0% ▲ 23% above avg |
| No HS Diploma | 522 (1.9%) |
| HS Graduate | 9,611 (34.5%) |
| Some College | 4,571 (16.4%) |
| Associates | 4,101 (14.7%) |
| Bachelors | 2,749 (9.9%) |
| Graduate Degree | 6,316 (22.7%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $52,566 ▼ 31% below avg ↑ 19% since 2019 |
|---|---|
| Median Home Value | $121,800 ▼ 56% below avg ↑ 22% since 2019 |
| Home/Income Ratio | 2.3x (nat avg ~3.5x) |
| Median Rent | $816/mo ↑ 20% since 2019 |
| Total Units | 21,553 |
| Vacant Units | 2,914 |
| Avg HH Size | 2.31 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 21,553 |
|---|---|
| Vacant | 2,914 |
| Owner Occupied | 64.3% |
| Renter Occupied | 35.7% |
| Avg HH Size | 2.31 |
ZIP code 47374 is located in Richmond, Indiana, within Wayne County. With a population of 45,186, this is a highly populated ZIP code with a middle-aged community — the median age is 40.6 years. Economically, 47374 is a working-class ZIP code: the median household income of $52,566 is below the national average.
Real estate in ZIP code 47374 represents one of the more affordable housing markets in the country. The median home value of $121,800 is well below the national average. Renters can expect to pay around $816 per month in median rent. Homeownership is strong here — 64.3% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 22% since 2019.
The population of 47374 is primarily White (82.19%). Residents are moderately educated — 32.5% hold a bachelor's degree or higher, which is below the national average. Poverty affects some residents at 19.0%. Household income has grown by 19% since 2019.
The unemployment rate in 47374 stands at 6.0%, which is above the national average. As in most parts of the country, driving alone is the dominant commute mode at 78%.
Overall, ZIP code 47374 in Richmond, IN is characterized as working-class, moderately educated, a middle-aged community, and predominantly owner-occupied. With 45,186 residents, a median household income of $52,566, and a median home value of $121,800, it offers a clear picture of life in this part of Indiana.