ZIP Code 47024
standardSource:
Laurel · Franklin County · Indiana
- Population
- 3,226
- Median income
- $57,316
- Median home value
- $153,300
- Bachelor's or higher
- 7.8%
- Land area
- 168.9 sq mi
19/sq mi
▼ 25% vs US
higher than 25% of US ZIPs
▼ 45% vs US
higher than 27% of US ZIPs
Median age 37.4
Indiana/Indianapolis
ZIP code 47024 in Laurel, Indiana has a population of 3,226. The median household income is $57,316, which is 25% below the national average. Median home value is $153,300, 45% below the US average. 7.8% of residents hold a bachelor's degree or higher.
ZIP code 47024 is classified by USPS as a standard delivery area and covers roughly 168.9 square miles in Laurel, Franklin County, Indiana. The area is home to 3,226 residents, producing a population density of 19 people per square mile, and falls within the Indiana/Indianapolis time zone. These USPS and Census boundary values drive every downstream statistic on this page, including the benchmarks that compare 47024 against Indiana and the nation.
On the economic side, the median household income for ZIP 47024 sits at $57,316 (22% below the Indiana average), while per-capita income is $26,398. The poverty rate stands at 12.2% and the unemployment rate at 5.0%. On housing, the median home value is $153,300 (21% below the state average) with median rent at $961 per month, and 82.7% of occupied units are owner-occupied, a direct signal of whether 47024 behaves more like a homeowner neighborhood or a renter-heavy ZIP.
Education and household profile round out the picture: 7.8% of adults hold a bachelor's degree or higher, the median age is 37.4, and the average commute is —. We also surface 3 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Franklin County, so you can benchmark 47024 against its immediate geography rather than a national average alone. Every figure is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates, HUD Fair Market Rents, and FHFA Home Price Index data, no estimates, no proprietary scoring. Verify with HUD →
Top industries in ZIP 47024
Top 5 sectors by establishment count
Which industries have the most business establishments in ZIP 47024.
- Construction
Construction
7 establishments
- Retail trade
Retail trade
4 establishments
- Accommodation and food services
Accommodation and food services
3 establishments
What this shows Establishment counts come from the Census ZIP Code Business Patterns program, which counts physical business locations rather than employees or revenue.
Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + HUD FMR + FHFA HPI ACS demographics, ZBP business establishments, HUD Fair Market Rents, FHFA HPI for ZIP 47024, Laurel, IN · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; HUD FMR + FHFA HPI updated quarterly/annually.
Quick Facts
3,226
Population
168.9
Area (sq mi)
19
People / sq mi
Indiana/Indianapolis
Time Zone
standard
ZIP Type
Who lives in ZIP 47024?
37.4
Median Age
52.2%
Male
47.8%
Female
0.0%
Foreign-Born
Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How much do residents earn?
$57,316
Median Household Income
-22% vs state
$26,398
Per Capita Income
12.2%
Poverty Rate
5.0%
Unemployment Rate
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What is the education profile here?
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What does housing look like?
1,155
Total Housing Units
1,044
Occupied Units
111
Vacant Units
2.78
Avg Household Size
Occupancy Type
$153,300
Median Home Value
-21% vs state
$961
Median Rent
1982
Median Year Built
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How have home values changed over time?
FHFA House Price Index, annual appreciation data based on repeat sales and appraisals
+14.6%
YoY Change (2023)
212
HPI Index (2000 = 100)
+112%
Total Change Since 2000
Home values in ZIP 47024 have increased 14.6% over the past year (2023). Since 2000, this ZIP has seen +112% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2019 | +3.2% | 127 |
| 2020 | +8.7% | 138 |
| 2021 | +25.9% | 174 |
| 2022 | +6.7% | 185 |
| 2023 | +14.6% | 212 |
Source: Federal Housing Finance Agency (FHFA) House Price Index, All-Transactions, Five-Digit ZIP Codes (Developmental Index). Index base = 100 in year 2000. Data through 2023. ZIP codes with few transactions may show missing values.
What businesses operate in this ZIP?
Census Bureau data shows 23 business establishments in ZIP 47024, employing approximately 76 people with a combined annual payroll of $1,936,000.
23
Businesses
76
Employees
$1.9M
Annual Payroll
3
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Construction | 7 | 30.4% |
| Retail trade | 4 | 17.4% |
| Accommodation and food services | 3 | 13.0% |
Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.
Nearby ZIP Codes
Want a side-by-side? Compare 47024 vs 47030 →
More ZIP Codes in Franklin County
Related Areas
Frequently Asked Questions
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How many businesses are in ZIP code 47024? ▼
What are the main industries in ZIP code 47024? ▼
How have home values changed in ZIP code 47024? ▼
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What percentage of residents own vs. rent in ZIP 47024? ▼
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ZIP Code Research Guides
Official Data Resources for Laurel, IN
Verify and explore additional data for this area using these official government sources.
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023). Business data: Source: Census ZIP Code Business Patterns (ZBP) 2023. Home value trends: Source: FHFA House Price Index (HPI), Five-Digit ZIP Codes.
PlainZIP is not affiliated with the U.S. Census Bureau or any government agency.
Read our methodology , how this data is sourced, computed, and verified.