ZIP Code 47234
standardSource:
Flat Rock · Shelby County · Indiana
- Population
- 1,379
- Median income
- $101,708
- Median home value
- $199,800
- Bachelor's or higher
- 14.0%
- Land area
- 85.7 sq mi
16/sq mi
▲ 33% vs US
higher than 82% of US ZIPs
▼ 28% vs US
higher than 43% of US ZIPs
Median age 42
Indiana/Indianapolis
ZIP code 47234 in Flat Rock, Indiana has a population of 1,379. The median household income is $101,708, which is 33% above the national average. Median home value is $199,800, 28% below the US average. 14.0% of residents hold a bachelor's degree or higher.
ZIP code 47234 is classified by USPS as a standard delivery area and covers roughly 85.7 square miles in Flat Rock, Shelby County, Indiana. The area is home to 1,379 residents, producing a population density of 16 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 47234 against Indiana and the nation.
On the economic side, the median household income for ZIP 47234 sits at $101,708 (38% above the Indiana average), while per-capita income is $45,392. The poverty rate stands at 0.0% and the unemployment rate at 14.4%. On housing, the median home value is $199,800 (3% above the state average) with median rent at — per month, and 91.1% of occupied units are owner-occupied, a direct signal of whether 47234 behaves more like a homeowner neighborhood or a renter-heavy ZIP.
Education and household profile round out the picture: 14.0% of adults hold a bachelor's degree or higher, the median age is 42, and the average commute is —. We also surface 5 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Shelby County, so you can benchmark 47234 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 47234
Top 5 sectors by establishment count
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 + HUD FMR + FHFA HPI ACS demographics, ZBP business establishments, HUD Fair Market Rents, 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; HUD FMR + 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
$45,392
Per Capita Income
0.0%
Poverty Rate
14.4%
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?
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
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 →
More ZIP Codes in Shelby County
Related Areas
Frequently Asked Questions
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What are the main industries in ZIP code 47234? ▼
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ZIP Code Research Guides
Official Data Resources for Flat Rock, 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.