| ZIP Code | 47989 |
|---|---|
| City | Waveland |
| State | Indiana (IN) |
| County | Montgomery County |
| Area Code | 765 |
| Elevation | 798 ft |
| Latitude | 39.890345 |
|---|---|
| Longitude | -87.04904 |
| Timezone | Indiana/Indianapolis (DST) |
| FIPS | 18107 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 37.3 yrs ↑ 3% since 2019 |
|---|---|
| Avg Household Size | 2.50 |
| Below Poverty | 9.4% ≈ Avg |
| College Grads | 28.8% ▼ 26% below avg |
| Unemployment | 2.7% ▼ 45% below avg |
| HS Graduate | 359 (49.2%) |
| Some College | 56 (7.7%) |
| Associates | 104 (14.3%) |
| Bachelors | 60 (8.2%) |
| Graduate Degree | 150 (20.6%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $101,369 ▲ 33% above avg ↑ 73% since 2019 |
|---|---|
| Median Home Value | $114,900 ▼ 59% below avg ↑ 10% since 2019 |
| Home/Income Ratio | 1.1x (nat avg ~3.5x) |
| Total Units | 595 |
| Vacant Units | 98 |
| Avg HH Size | 2.50 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 595 |
|---|---|
| Vacant | 98 |
| Owner Occupied | 91.0% |
| Renter Occupied | 9.1% |
| Avg HH Size | 2.50 |
ZIP code 47989 is located in Waveland, Indiana, within Montgomery County. With a population of 1,243, this is a sparsely populated ZIP code with a relatively young community — the median age is 37.3 years. Economically, 47989 is a upper-middle-income ZIP code: the median household income of $101,369 is above the national average.
Real estate in ZIP code 47989 represents one of the more affordable housing markets in the country. The median home value of $114,900 is well below the national average. Homeownership is strong here — 91.0% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 10% since 2019.
The population of 47989 is primarily White (94.13%). Residents are moderately educated — 28.8% hold a bachelor's degree or higher, which is below the national average. Poverty affects a relatively small share of residents at 9.4%. Household income has grown by 73% since 2019.
The unemployment rate in 47989 stands at 2.7%, which is below the national average. As in most parts of the country, driving alone is the dominant commute mode at 80%.
Overall, ZIP code 47989 in Waveland, IN is characterized as upper-middle-income, moderately educated, a relatively young community, and predominantly owner-occupied. With 1,243 residents, a median household income of $101,369, and a median home value of $114,900, it offers a clear picture of life in this part of Indiana.