ZIP Code 47024

standard

Source:

Laurel · Franklin County · Indiana

Population
3,226

19/sq mi

Median income
$57,316

▼ 25% vs US

higher than 25% of US ZIPs

Median home value
$153,300

▼ 45% vs US

higher than 27% of US ZIPs

Bachelor's or higher
7.8%

Median age 37.4

Land area
168.9 sq mi

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.

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 · ZIP Code Business Patterns (ZBP) As of 2023

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

Neighborhood Scorecard
Get an A-F grade across income, safety, housing, rent, education, commute, and childcare for this ZIP code.
View Scorecard →

Who lives in ZIP 47024?

37.4

Median Age

52.2%

Male

47.8%

Female

0.0%

Foreign-Born

White 96.1%
African American 0.0%
Asian 0.0%
American Indian or Alaska Native 0.3%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 2.9%
Hispanic or Latino 1.0%

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?

High School Graduate or Higher 50.2%
Bachelor's Degree or Higher 7.8%

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

Owner 82.7%
Renter 17.3%

$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)

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 →

ZIP Code City Population Distance
47030 Metamora, IN 1,636 5.1 mi
47036 Oldenburg, IN 1,023 6.5 mi
46133 Glenwood, IN 816 9.6 mi

More ZIP Codes in Franklin County

Frequently Asked Questions

What county is ZIP code 47024 in?
ZIP code 47024 (Laurel) is located in Franklin County, Indiana. Franklin County contains multiple ZIP codes, see the full list at /counties/franklin-in.
What is the population of ZIP code 47024?
ZIP code 47024 in Laurel, IN has a population of 3,226 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 47024?
The median household income in ZIP 47024 is $57,316, which is 25% below the national average of $76,288.
What is the average home value in ZIP 47024?
The median home value in ZIP 47024 is $153,300, which is 45% below the national average of $278,155.
What is the demographic makeup of ZIP 47024?
The largest racial group in ZIP 47024 is White at 96.1%. Hispanic or Latino residents make up 1.0% of the population.
How many businesses are in ZIP code 47024?
ZIP code 47024 has 23 business establishments employing approximately 76 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 47024?
The top industries by establishment count in ZIP 47024 are: Construction (7), Retail trade (4), Accommodation and food services (3). There are 3 industry sectors represented in total.
How have home values changed in ZIP code 47024?
According to the FHFA House Price Index, home values in ZIP 47024 increased by 14.6% in 2023. Since 2000, home values in this ZIP have appreciated by approximately 112%. This is a developmental index based on repeat sales and appraisal data from Fannie Mae and Freddie Mac.
What is the education level in ZIP code 47024?
In ZIP code 47024, 50.2% of residents aged 25+ have a high school diploma or higher, and 7.8% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What percentage of residents own vs. rent in ZIP 47024?
In ZIP code 47024, approximately 82.7% of occupied housing units are owner-occupied and 17.3% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 47024?
The poverty rate in ZIP code 47024 is 12.2% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.

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.