| ZIP Code | 47862 |
|---|---|
| City | Montezuma |
| State | Indiana (IN) |
| County | Parke County |
| Area Code | 765 |
| Latitude | 39.776445 |
|---|---|
| Longitude | -87.34291 |
| Timezone | Indiana/Indianapolis (DST) |
| FIPS | 18121 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 51.1 yrs ↑ 43% since 2019 |
|---|---|
| Avg Household Size | 2.15 |
| Below Poverty | 11.9% ▲ 19% above avg |
| College Grads | 33.8% ▼ 13% below avg |
| Unemployment | 1.7% ▼ 65% below avg |
| No HS Diploma | 4 (0.5%) |
| HS Graduate | 383 (45.1%) |
| Some College | 62 (7.3%) |
| Associates | 113 (13.3%) |
| Bachelors | 129 (15.2%) |
| Graduate Degree | 158 (18.6%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $67,500 ▼ 12% below avg ↑ 48% since 2019 |
|---|---|
| Median Home Value | $88,900 ▼ 68% below avg ↑ 25% since 2019 |
| Home/Income Ratio | 1.3x (nat avg ~3.5x) |
| Median Rent | $894/mo ↑ 51% since 2019 |
| Total Units | 697 |
| Vacant Units | 111 |
| Avg HH Size | 2.15 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 697 |
|---|---|
| Vacant | 111 |
| Owner Occupied | 80.9% |
| Renter Occupied | 19.1% |
| Avg HH Size | 2.15 |
ZIP code 47862 is located in Montezuma, Indiana, within Parke County. With a population of 1,262, this is a sparsely populated ZIP code with a mature community — the median age is 51.1 years. Economically, 47862 is a solidly middle-class ZIP code: the median household income of $67,500 is near the national average.
Real estate in ZIP code 47862 represents one of the more affordable housing markets in the country. The median home value of $88,900 is well below the national average. Renters can expect to pay around $894 per month in median rent. Homeownership is strong here — 80.9% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 25% since 2019.
The population of 47862 is primarily White (87.08%). Residents are moderately educated — 33.8% hold a bachelor's degree or higher, which is near the national average. Poverty affects some residents at 11.9%. Household income has grown by 48% since 2019.
The unemployment rate in 47862 stands at 1.7%, which is well below the national average. As in most parts of the country, driving alone is the dominant commute mode at 76%.
Overall, ZIP code 47862 in Montezuma, IN is characterized as solidly middle-class, moderately educated, a mature community, and predominantly owner-occupied. With 1,262 residents, a median household income of $67,500, and a median home value of $88,900, it offers a clear picture of life in this part of Indiana.