ZIP 47138 vs ZIP 47243

Source:

Lexington, IN — Hanover, IN

This side-by-side compares ZIP 47138 (Lexington, IN) and ZIP 47243 (Hanover, IN) using the same Census ACS 5-Year table fields for both — no averages swapped in, no national proxies. ZIP 47138 has a population of 4,373 at 23 people per square mile, while ZIP 47243 has 5,951 at 66 per square mile. That difference in population size and density alone reshapes how every other metric should be interpreted — a higher-income ZIP with 1,200 residents behaves very differently from one with 45,000.

On income and education, ZIP 47138 reports a median household income of $86,335 against $65,197 in ZIP 47243, with per-capita income of $34,972 vs $28,438. The share of adults holding a bachelor's degree or higher is 12.1% in 47138 and 19.7% in 47243. Poverty rate reads 5.1% vs 10.1%, and unemployment 4.4% vs 6.6% — these four fields alone drive most of the difference in the scorecard grades you will see for each ZIP.

Housing separates these two ZIPs further: median home value sits at $201,800 in 47138 versus $183,900 in 47243, with median rent of $1,329 and $908 per month respectively. Homeownership rate is 93.0% vs 73.6%. When reading the comparison table below, focus on paired metrics rather than single winners — a ZIP with lower home values and lower income is not strictly "worse" if rent-to-income ratios and commute times land in the same zone. Every value is pulled from the exact same ACS table so the two columns are genuinely comparable.

Compare different ZIP codes:

vs
Metric
47138
Lexington, IN
47243
Hanover, IN
Population 4,373 5,951
Median Household Income $86,335 $65,197
Per Capita Income $34,972 $28,438
Median Age 39.4 33
Bachelor's Degree or Higher 12.1% 19.7%
Poverty Rate 5.1% 10.1%
Unemployment Rate 4.4% 6.6%
Median Home Value $201,800 $183,900
Median Rent (monthly) $1,329 $908
Homeownership Rate 93.0% 73.6%
Population Density (per sq mi) 23 66

Values highlighted in green indicate the better metric where applicable. Source: U.S. Census Bureau ACS 2023.

Full Profile
47138
Lexington, IN
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47243
Hanover, IN
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What are common questions about this comparison?

How do ZIP codes 47138 and 47243 compare?
ZIP 47138 (Lexington, IN) has a population of 4,373 and a median household income of $86,335. ZIP 47243 (Hanover, IN) has a population of 5,951 and a median household income of $65,197.
Which ZIP code has higher income, 47138 or 47243?
ZIP 47138 (Lexington, IN) has a higher median household income of $86,335 compared to $65,197 for ZIP 47243.
How do I compare two ZIP codes on PlainZIP?
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All data sourced from the U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2023).

PlainZIP is not affiliated with the U.S. Census Bureau or any government agency.

Data sourced from official U.S. Census ACS and HUD-USPS ZIP crosswalk data. See our methodology for details. Retrieved and formatted by PlainZIP Editorial.