| ZIP Code | 47965 |
|---|---|
| City | New Market |
| State | Indiana (IN) |
| County | Montgomery County |
| Area Code | 765 |
| Elevation | 810 ft |
| Latitude | 39.954562 |
|---|---|
| Longitude | -86.919957 |
| Timezone | Indiana/Indianapolis (DST) |
| FIPS | 18107 |
| ZIP Type | PO Box |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 43.5 yrs ↑ 17% since 2019 |
|---|---|
| Avg Household Size | 2.42 |
| Below Poverty | 2.7% ▼ 73% below avg |
| College Grads | 25.7% ▼ 34% below avg |
| Unemployment | 1.4% ▼ 72% below avg |
| HS Graduate | 201 (52.6%) |
| Some College | 46 (12%) |
| Associates | 37 (9.7%) |
| Bachelors | 54 (14.1%) |
| Graduate Degree | 44 (11.5%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $75,089 ≈ Avg ↑ 27% since 2019 |
|---|---|
| Median Home Value | $151,500 ▼ 46% below avg ↑ 64% since 2019 |
| Home/Income Ratio | 2.0x (nat avg ~3.5x) |
| Median Rent | $968/mo ↑ 12% since 2019 |
| Total Units | 248 |
| Vacant Units | 21 |
| Avg HH Size | 2.42 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 248 |
|---|---|
| Vacant | 21 |
| Owner Occupied | 81.5% |
| Renter Occupied | 18.5% |
| Avg HH Size | 2.42 |
ZIP code 47965 is located in New Market, Indiana, within Montgomery County. With a population of 550, this is a sparsely populated ZIP code with a middle-aged community — the median age is 43.5 years. Economically, 47965 is a middle-income ZIP code: the median household income of $75,089 is near the national average.
Real estate in ZIP code 47965 represents an affordable housing market. The median home value of $151,500 is below the national average. Renters can expect to pay around $968 per month in median rent. Homeownership is strong here — 81.5% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 64% since 2019.
The population of 47965 is primarily White (96.91%). Residents are moderately educated — 25.7% hold a bachelor's degree or higher, which is below the national average. Poverty affects a relatively small share of residents at 2.7%. Household income has grown by 27% since 2019.
The unemployment rate in 47965 stands at 1.4%, which is well below the national average. As in most parts of the country, driving alone is the dominant commute mode at 84%.
Overall, ZIP code 47965 in New Market, IN is characterized as middle-income, moderately educated, a middle-aged community, and predominantly owner-occupied. With 550 residents, a median household income of $75,089, and a median home value of $151,500, it offers a clear picture of life in this part of Indiana.