| ZIP Code | 47460 |
|---|---|
| City | Spencer |
| State | Indiana (IN) |
| County | Owen County |
| Area Code | 812/930 |
| Elevation | 691 ft |
| Latitude | 39.272063 |
|---|---|
| Longitude | -86.791838 |
| Timezone | Indiana/Indianapolis (DST) |
| FIPS | 18119 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 45.5 yrs ↓ 3% since 2019 |
|---|---|
| Avg Household Size | 2.42 |
| Below Poverty | 10.1% ≈ Avg |
| College Grads | 33.5% ▼ 13% below avg |
| Unemployment | 3.1% ▼ 36% below avg |
| No HS Diploma | 76 (1%) |
| HS Graduate | 2,802 (36.9%) |
| Some College | 1,051 (13.9%) |
| Associates | 1,111 (14.6%) |
| Bachelors | 775 (10.2%) |
| Graduate Degree | 1,769 (23.3%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $67,688 ▼ 11% below avg ↑ 30% since 2019 |
|---|---|
| Median Home Value | $177,600 ▼ 36% below avg ↑ 40% since 2019 |
| Home/Income Ratio | 2.6x (nat avg ~3.5x) |
| Median Rent | $888/mo ↑ 30% since 2019 |
| Total Units | 5,045 |
| Vacant Units | 403 |
| Avg HH Size | 2.42 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 5,045 |
|---|---|
| Vacant | 403 |
| Owner Occupied | 80.7% |
| Renter Occupied | 19.3% |
| Avg HH Size | 2.42 |
ZIP code 47460 is located in Spencer, Indiana, within Owen County. With a population of 11,395, this is a lightly populated ZIP code with a mature community — the median age is 45.5 years. Economically, 47460 is a solidly middle-class ZIP code: the median household income of $67,688 is near the national average.
Real estate in ZIP code 47460 represents an affordable housing market. The median home value of $177,600 is below the national average. Renters can expect to pay around $888 per month in median rent. Homeownership is strong here — 80.7% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 40% since 2019.
The population of 47460 is primarily White (94.67%). Residents are moderately educated — 33.5% hold a bachelor's degree or higher, which is near the national average. Poverty affects some residents at 10.1%. Household income has grown by 30% since 2019.
The unemployment rate in 47460 stands at 3.1%, which is below the national average. As in most parts of the country, driving alone is the dominant commute mode at 83%.
Overall, ZIP code 47460 in Spencer, IN is characterized as solidly middle-class, moderately educated, a mature community, and predominantly owner-occupied. With 11,395 residents, a median household income of $67,688, and a median home value of $177,600, it offers a clear picture of life in this part of Indiana.