PlainZIP

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
$101,708
Median income
$199,800
Median home value
14.0%
Bachelor's or higher

The verdict

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
43th 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 Indiana average), while per-capita income is $45,392. Poverty here runs at 0.0%, with unemployment measured at 14.4%. Median home value sits at $199,800 (3% above the state average), median rent at - a month, and owner-occupancy at 91.1%.

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 -. Beyond these figures, 5 nearby ZIP codes within about 10 miles are surfaced below, along with 6 more sharing Shelby County, letting you compare 47234 to its immediate surroundings rather than a national baseline alone.

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.

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 + 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

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 47234?

42.0

Median Age

48.9%

Male

51.1%

Female

4.2%

Foreign-Born

White 88.7%
African American 0.0%
Asian 0.0%
American Indian or Alaska Native 0.7%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 7.1%
Hispanic or Latino 4.2%

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

$45,392

Per Capita Income

0.0%

Poverty Rate

14.4%

Unemployment Rate

How ZIP 47234 ranks nationally

Flat Rock, IN household income vs. every US ZIP code

Median household income, the full national distribution, with this ZIP marked

$101,708 Top 18% higher than 82% of 30,318 US ZIPs

$0–$20,000: 118 US ZIPs (0%). Below this entry. $20,000–$40,000: 1,573 US ZIPs (5%). Below this entry. $40,000–$60,000: 7,092 US ZIPs (23%). Below this entry. $60,000–$80,000: 9,980 US ZIPs (33%). Below this entry. $80,000–$100,000: 5,778 US ZIPs (19%). Below this entry. $100,000–$120,000: 2,855 US ZIPs (9%). This entry sits in this band. $120,000–$140,000: 1,362 US ZIPs (4%). Above this entry. $140,000–$160,000: 686 US ZIPs (2%). Above this entry. $160,000–$180,000: 364 US ZIPs (1%). Above this entry. $180,000–$200,000: 186 US ZIPs (1%). Above this entry. $200,000–$220,000: 324 US ZIPs (1%). Above this entry. This ZIP $0 $200K+ every reporting US ZIP, bucketed by value

Each bar is a $20K-wide band; taller bars hold more US 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?

High School Graduate or Higher 49.7%
Bachelor's Degree or Higher 14.0%

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What does housing look like?

609

Total Housing Units

609

Occupied Units

0

Vacant Units

2.66

Avg Household Size

Occupancy Type

Owner 91.1%
Renter 8.9%

$199,800

Median Home Value

+3% vs state

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.

residents

What this shows Among its immediate neighbors, ZIP 47234 ranks #5 by population - useful context the national average alone can't give.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023

ZIP 47234 vs its nearest neighbors, by median income

Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.

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.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023
ZIP Code City Population Distance
47246 Hope, IN 4,342 5.4 mi
47272 Saint Paul, IN 2,041 8.2 mi
46182 Waldron, IN 1,927 7.8 mi
47226 Clifford, IN 202 8.5 mi
47203 Columbus, IN 25,806 10.6 mi

More ZIP Codes in Shelby County

46176 standard
Shelbyville, IN
Pop: 27,816
46126 standard
Fairland, IN
Pop: 4,668
46161 standard
Morristown, IN
Pop: 2,655
46130 standard
Fountaintown, IN
Pop: 2,508
46182 standard
Waldron, IN
Pop: 1,927
46110 standard
Boggstown, IN
Pop: 500

Related Areas

Shelby County Flat Rock, IN Indiana

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.

Read our methodology to see how this data is sourced, computed, and verified.