| ZIP Code | 47994 |
|---|---|
| City | Wingate |
| State | Indiana (IN) |
| County | Montgomery County |
| Area Code | 765 |
| Elevation | 776 ft |
| Latitude | 40.182326 |
|---|---|
| Longitude | -87.0823 |
| Timezone | Indiana/Indianapolis (DST) |
| FIPS | 18107 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 47.2 yrs ↑ 6% since 2019 |
|---|---|
| Avg Household Size | 2.56 |
| Below Poverty | 7.8% ▼ 22% below avg |
| College Grads | 37.5% ≈ Avg |
| Unemployment | 2.8% ▼ 43% below avg |
| HS Graduate | 134 (41.2%) |
| Some College | 32 (9.8%) |
| Associates | 37 (11.4%) |
| Bachelors | 77 (23.7%) |
| Graduate Degree | 45 (13.8%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $98,125 ▲ 29% above avg ↑ 81% since 2019 |
|---|---|
| Median Home Value | $111,200 ▼ 60% below avg ↑ 75% since 2019 |
| Home/Income Ratio | 1.1x (nat avg ~3.5x) |
| Median Rent | $638/mo ↑ 24% since 2019 |
| Total Units | 213 |
| Vacant Units | 14 |
| Avg HH Size | 2.56 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 213 |
|---|---|
| Vacant | 14 |
| Owner Occupied | 77.9% |
| Renter Occupied | 22.1% |
| Avg HH Size | 2.56 |
ZIP code 47994 is located in Wingate, Indiana, within Montgomery County. With a population of 510, this is a sparsely populated ZIP code with a mature community — the median age is 47.2 years. Economically, 47994 is a middle-income ZIP code: the median household income of $98,125 is above the national average.
Real estate in ZIP code 47994 represents one of the more affordable housing markets in the country. The median home value of $111,200 is well below the national average. Renters can expect to pay around $638 per month in median rent. Homeownership is strong here — 77.9% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 75% since 2019.
The population of 47994 is primarily White (97.84%). Residents are moderately educated — 37.5% hold a bachelor's degree or higher, which is near the national average. Poverty affects a relatively small share of residents at 7.8%. Household income has grown by 81% since 2019.
The unemployment rate in 47994 stands at 2.8%, which is below the national average. As in most parts of the country, driving alone is the dominant commute mode at 86%.
Overall, ZIP code 47994 in Wingate, IN is characterized as middle-income, moderately educated, a mature community, and predominantly owner-occupied. With 510 residents, a median household income of $98,125, and a median home value of $111,200, it offers a clear picture of life in this part of Indiana.