| ZIP Code | 47561 |
|---|---|
| City | Oaktown |
| State | Indiana (IN) |
| County | Knox County |
| Area Code | 812/930 |
| Elevation | 504 ft |
| Latitude | 38.863906 |
|---|---|
| Longitude | -87.438312 |
| Timezone | Indiana/Indianapolis (DST) |
| FIPS | 18083 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 48.8 yrs ↑ 25% since 2019 |
|---|---|
| Avg Household Size | 1.93 |
| Below Poverty | 12.2% ▲ 22% above avg |
| College Grads | 15.9% ▼ 59% below avg |
| Unemployment | 1.0% ▼ 80% below avg |
| No HS Diploma | 12 (1.4%) |
| HS Graduate | 379 (45.3%) |
| Some College | 207 (24.7%) |
| Associates | 106 (12.7%) |
| Bachelors | 87 (10.4%) |
| Graduate Degree | 46 (5.5%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $42,202 ▼ 45% below avg ↓ 10% since 2019 |
|---|---|
| Median Home Value | $85,600 ▼ 69% below avg ↓ 23% since 2019 |
| Home/Income Ratio | 2.0x (nat avg ~3.5x) |
| Median Rent | $680/mo ↑ 24% since 2019 |
| Total Units | 721 |
| Vacant Units | 98 |
| Avg HH Size | 1.93 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 721 |
|---|---|
| Vacant | 98 |
| Owner Occupied | 64.7% |
| Renter Occupied | 35.3% |
| Avg HH Size | 1.93 |
ZIP code 47561 is located in Oaktown, Indiana, within Knox County. With a population of 1,293, this is a sparsely populated ZIP code with a mature community — the median age is 48.8 years. Economically, 47561 is a working-class ZIP code: the median household income of $42,202 is below the national average.
Real estate in ZIP code 47561 represents one of the more affordable housing markets in the country. The median home value of $85,600 is well below the national average. Renters can expect to pay around $680 per month in median rent. Homeownership is strong here — 64.7% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have decreased by 23% since 2019.
The population of 47561 is primarily White (95.90%). Residents are less-educated — 15.9% hold a bachelor's degree or higher, which is well below the national average. Poverty affects some residents at 12.2%. Household income has declined by 10% since 2019.
The unemployment rate in 47561 stands at 1.0%, 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 47561 in Oaktown, IN is characterized as working-class, less-educated, a mature community, and predominantly owner-occupied. With 1,293 residents, a median household income of $42,202, and a median home value of $85,600, it offers a clear picture of life in this part of Indiana.