ZIP Code 47016 Demographics

Franklin County, Indiana  ·  ACS 2022 5-Year Estimates

ACS 2022 Data

Population & Income Overview

Key statistics for ZIP code 47016 compared to county averages.

Total Population

785

↓ 96.6% vs county

Median HH Income

$67,500

↓ 11.2% vs county

Median Home Value

$208,200

↑ +3.7% vs county

Median Age

49.7 yrs

↓ +18.9% vs county

Unemployment Rate

1.9%

↑ 12.1% vs county

Income & Housing Comparison

How ZIP 47016 compares to Franklin County and Indiana overall. Data from ACS 2022 5-year estimates.

Median Household Income ZIP 47016 $68k Franklin $76k Indiana $67k

Source: ACS 2022 5-Year Estimates, Table B19013

Median Home Value ZIP 47016 $208k Franklin $201k Indiana $184k

Source: ACS 2022 5-Year Estimates, Table B25077

Education & Employment

Bachelor's Rate

22.7%

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

Owner Occupancy

89.6%

of occupied housing units are owner-occupied

Median Gross Rent

$675

per month including utilities

Rent vs. Buy Affordability

Compare estimated monthly costs of home ownership vs renting in ZIP Code 47016 using local Census metrics.

Median Home Value$208,200
Down Payment (20%)$41,640
Interest Rate6.5%
Loan Term

Estimated Monthly Costs

Buy (Mortgage, Tax, Ins.)
$1,322P&I: $1053 | Tax: $208 | Ins: $61
Rent (Local Median)
$675
Renting is CheaperRenting is estimated to save you $647/month compared to buying costs.

How Does 47016 Compare?

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

Location & Neighboring Areas

Interactive map showing ZIP code 47016 (blue pin) and surrounding areas (purple pins). Click pins to view details.

Nearby ZIP Codes

ZIP codes geographically closest to 47016, sorted by distance.

47012 5.8 mi away franklin county 47010 8.9 mi away franklin county 45056 11.0 mi away butler county 47003 12.7 mi away union county 45003 15.5 mi away preble county 47353 17.4 mi away union county 47325 22.7 mi away union county 47346 41.2 mi away wayne county

About Franklin County

Franklin County is located in Indiana and has a total population of 22,850. The county's median household income is $75,985 and median home value is $200,700. ZIP code 47016 is one of many ZCTAs within this county.

View all ZIP codes in Franklin 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.