ZIP Code 47331 Demographics

Fayette County, Indiana  ·  ACS 2022 5-Year Estimates

ACS 2022 Data

Population & Income Overview

Key statistics for ZIP code 47331 compared to county averages.

Total Population

22,714

↓ 2.9% vs county

Median HH Income

$51,868

↓ 0.7% vs county

Median Home Value

$99,600

↑ +0.5% vs county

Median Age

43.5 yrs

↓ +1.2% vs county

Unemployment Rate

4.6%

↓ +2.0% vs county

Income & Housing Comparison

How ZIP 47331 compares to Fayette County and Indiana overall. Data from ACS 2022 5-year estimates.

Median Household Income ZIP 47331 $52k Fayette $52k Indiana $67k

Source: ACS 2022 5-Year Estimates, Table B19013

Median Home Value ZIP 47331 $100k Fayette $99k Indiana $184k

Source: ACS 2022 5-Year Estimates, Table B25077

Education & Employment

Bachelor's Rate

11.6%

of adults 25+ hold a bachelor's degree or higher

Owner Occupancy

69.0%

of occupied housing units are owner-occupied

Median Gross Rent

$764

per month including utilities

Rent vs. Buy Affordability

Compare estimated monthly costs of home ownership vs renting in ZIP Code 47331 using local Census metrics.

Median Home Value$99,600
Down Payment (20%)$19,920
Interest Rate6.5%
Loan Term

Estimated Monthly Costs

Buy (Mortgage, Tax, Ins.)
$633P&I: $504 | Tax: $100 | Ins: $29
Rent (Local Median)
$764
Buying is CheaperBuying a home is estimated to save you $131/month compared to local rents.

How Does 47331 Compare?

Enter another ZIP code to see a side-by-side comparison.

Location & Neighboring Areas

Interactive map showing ZIP code 47331 (blue pin) and surrounding areas (purple pins). Click pins to view details.

Nearby ZIP Codes

ZIP codes geographically closest to 47331, sorted by distance.

46133 7.7 mi away fayette county 46127 9.7 mi away rush county 47024 10.8 mi away franklin county 46173 14.2 mi away rush county 47030 14.2 mi away franklin county 46155 16.2 mi away rush county 47036 17.2 mi away franklin county 47337 18.8 mi away henry county

About Fayette County

Fayette County is located in Indiana and has a total population of 23,391. The county's median household income is $52,219 and median home value is $99,100. ZIP code 47331 is one of many ZCTAs within this county.

View all ZIP codes in Fayette County

Data source: American Community Survey (ACS) 2022 5-Year Estimates, U.S. Census Bureau. ZCTAs (ZIP Code Tabulation Areas) are used as proxies for USPS ZIP codes. Some USPS ZIP codes may not have a corresponding ZCTA.