Flat Rock, IN · standard
ZIP Code 47234
Shelby County, Indiana - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 1,379
- 16/sq mi Moderate-density area
- $101,708
- Median income Above-median income area
- $199,800
- Median home value Near-median home value
- 14.0%
- Bachelor's or higher Below-average bachelor's attainment
National ZIP placement
Flat Rock pairs an upper-quartile household income with below-median home values, in a rural, homeowner-dominated area.
- Top 18%
- household income, US ZIPs
- 43rd pct
- home value, US ZIPs
- 16
- people per sq mi
- 91%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 47234 against every reporting US ZIP.
ZIP code 47234 is a sparsely populated ZIP (a standard USPS delivery area) in Flat Rock, Shelby County, Indiana, home to just 1,379 residents across 85.7 square miles, a density of 16 people per square mile, in the Indiana/Indianapolis time zone.
ZIP 47234 lands in the middle-income range, with a median household income of $101,708 (38% above the average Indiana ZIP), while per-capita income is $45,392. Unemployment is 14.4%, an important qualifier alongside the household-income figure. Median home value is $199,800 (3% above the average Indiana ZIP); 91.1% of occupied homes are owner-occupied.
Formal educational attainment runs low here: just 14.0% of adults hold a bachelor's degree or higher, the median age is 42, and the average commute is -. The page also surfaces 5 ZIP codes within roughly 10 miles and 6 more in Shelby County, so 47234 can be compared with both its immediate and county-level context.
Every figure on this page is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates (including median rent) and the FHFA House Price Index, no estimates, no proprietary scoring. Verify with Census →
Top industries in ZIP 47234
Top 5 sectors by establishment count in Flat Rock, IN
Which industries have the most business establishments in ZIP 47234.
- Construction
Construction
9 establishments
- Wholesale trade 3
Wholesale trade
3 establishments
- Retail trade 3
Retail trade
3 establishments
- Transportation and warehousing 3
Transportation and warehousing
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 + FHFA HPI ACS demographics and median rent, ZBP business establishments, FHFA HPI for ZIP 47234, Flat Rock, IN · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; FHFA HPI updated quarterly/annually.
Quick Facts
1,379
Population
85.7
Area (sq mi)
16
People / sq mi
Indiana/Indianapolis
Time Zone
standard
ZIP Type
Who lives in ZIP 47234?
42.0
Median Age
48.9%
Male
51.1%
Female
4.2%
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?
$101,708
Median Household Income
+38% vs state ZIP avg
$45,392
Per Capita Income
0.0%
Poverty Rate
14.4%
Unemployment Rate
How ZIP 47234 ranks among Indiana ZIPs
Flat Rock, IN household income vs. every Indiana ZIP code
Median household income among 721 reporting Indiana ZIPs (this ZIP's population is too small for a reliable national-corpus placement)
$101,708 Top 9% higher than 91% of 721 Indiana ZIPs
Each bar is a $20K-wide band; taller bars hold more Indiana ZIPs. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.
Source U.S. Census Bureau, ACS 5-Year Estimates · 2019–2023
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?
Housing stock: occupied vs vacant
609housing units
609
Total Housing Units
609
Occupied Units
0
Vacant Units
2.66
Avg Household Size
Occupancy Type
$199,800
Median Home Value
+3% vs state ZIP avg
1965
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
+19.3%
YoY Change (2023)
239
HPI Index (2000 = 100)
+139%
Total Change Since 2000
Home values in ZIP 47234 have increased 19.3% over the past year (2023). Since 2000, this ZIP has seen +139% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2019 | +7.8% | 157 |
| 2020 | +13.6% | 178 |
| 2021 | -0.8% | 177 |
| 2022 | +13.3% | 200 |
| 2023 | +19.3% | 239 |
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 47234, employing approximately 134 people with a combined annual payroll of $8,926,000.
23
Businesses
134
Employees
$8.9M
Annual Payroll
4
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Construction | 9 | 39.1% |
| Wholesale trade | 3 | 13.0% |
| Retail trade | 3 | 13.0% |
| Transportation and warehousing | 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 47234 vs 47246 →
ZIP 47234 vs its nearest neighbors, by population
Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 47203
Columbus (47203)
25,806 residents
- 47246 4,342
Hope (47246)
4,342 residents
- 47272 2,041
Saint Paul (47272)
2,041 residents
- 46182 1,927
Waldron (46182)
1,927 residents
- 47234 1,379
Flat Rock (47234)
1,379 residents
- 47226 202
Clifford (47226)
202 residents
What this shows Among its immediate neighbors, ZIP 47234 ranks #5 by population - useful context the national average alone can't give.
ZIP 47234 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 47234
Flat Rock (47234)
$101,708 median income
- 47246
Hope (47246)
$94,375 median income
- 46182
Waldron (46182)
$89,567 median income
- 47272
Saint Paul (47272)
$75,117 median income
- 47203
Columbus (47203)
$72,112 median income
- 47226
Clifford (47226)
$58,750 median income
What this shows By household income, ZIP 47234 ranks the highest of 6 neighboring ZIPs, local affluence varies block to block, not just metro to metro.
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 47234, both outside IN so the neighborhoods are not geographic containment (Nearby and same-county blocks stay local).
Similar population
Nearest cross-state ZIPs by resident population (1,379 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.
More ZIP Codes in Shelby County
Related Areas
Frequently Asked Questions
What county is ZIP code 47234 in?
ZIP code 47234 (Flat Rock) is located in Shelby County, Indiana. Shelby County contains multiple ZIP codes, see the full list at /counties/shelby-in.
What is the population of ZIP code 47234?
ZIP code 47234 in Flat Rock, IN has a population of 1,379 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 47234?
The median household income in ZIP 47234 is $101,708, which is 33% above the national average of $76,288.
What is the average home value in ZIP 47234?
The median home value in ZIP 47234 is $199,800, which is 28% below the national average of $278,155.
What is the demographic makeup of ZIP 47234?
The largest racial group in ZIP 47234 is White at 88.7%. Hispanic or Latino residents make up 4.2% of the population.
How many businesses are in ZIP code 47234?
ZIP code 47234 has 23 business establishments employing approximately 134 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 47234?
The top industries by establishment count in ZIP 47234 are: Construction (9), Wholesale trade (3), Retail trade (3). There are 4 industry sectors represented in total.
How have home values changed in ZIP code 47234?
According to the FHFA House Price Index, home values in ZIP 47234 increased by 19.3% in 2023. Since 2000, home values in this ZIP have appreciated by approximately 139%. 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 47234?
In ZIP code 47234, 49.7% of residents aged 25+ have a high school diploma or higher, and 14.0% 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 47234?
In ZIP code 47234, approximately 91.1% of occupied housing units are owner-occupied and 8.9% are renter-occupied, based on Census ACS 2023 data.
Related
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What to do with ZIP 47234's numbers, next.
- See how ZIP 47234 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
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ZIP Code Tabulation Areas (ZCTAs) are Census Bureau approximations of USPS ZIP codes; figures describe the ZCTA area, not any single address within it.