PlainZIP

Hanover, IN · standard

ZIP Code 47243

Jefferson County, Indiana - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.

5,951
66/sq mi
$65,197
Median income
$183,900
Median home value
19.7%
Bachelor's or higher

The verdict

Hanover pairs a below-median household income with below-median home values, in a rural, homeowner-dominated area.

39th pct
household income, US ZIPs
39th pct
home value, US ZIPs
66
people per sq mi
74%
owner-occupied homes

Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 47243 against every reporting US ZIP.

ZIP code 47243 is a mid-sized community (a standard USPS delivery area) in Hanover, Jefferson County, Indiana, home to 5,951 residents across 90.6 square miles, a density of 66 people per square mile, in the Indiana/Indianapolis time zone.

ZIP 47243 reports a modest median household income of $65,197 (11% below the Indiana average), while per-capita income is $28,438. The poverty rate stands at 10.1% and the unemployment rate at 6.6%. Housing costs here run $183,900 for a typical home value (5% below the state average), with rent averaging $908 a month; 73.6% of homes are owner-occupied.

Educational attainment sits below the national norm: 19.7% of adults hold a bachelor's degree or higher, the median age is 33, and the average commute is 21 minutes. A geography-based comparison follows: 8 ZIP codes within about 10 miles of 47243, plus 4 more within Jefferson County, give a clearer read than the national average 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 47243

Top 5 sectors by establishment count in Hanover, IN

Which industries have the most business establishments in ZIP 47243.

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 47243, Hanover, 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

5,951

Population

90.6

Area (sq mi)

66

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 47243?

33.0

Median Age

48.8%

Male

51.2%

Female

1.8%

Foreign-Born

White 92.1%
African American 0.4%
Asian 0.9%
American Indian or Alaska Native 0.0%
Native Hawaiian or Pacific Islander 0.2%
Two or More Ethnicities 6.5%
Hispanic or Latino 4.3%

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?

$65,197

Median Household Income

-11% vs state

$28,438

Per Capita Income

10.1%

Poverty Rate

6.6%

Unemployment Rate

21.4 min

Mean Commute Time

How ZIP 47243 ranks nationally

Hanover, IN household income vs. every US ZIP code

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

$65,197 39th percentile higher than 39% 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%). This entry sits in this band. $80,000–$100,000: 5,778 US ZIPs (19%). Above this entry. $100,000–$120,000: 2,855 US ZIPs (9%). Above this entry. $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 53.2%
Bachelor's Degree or Higher 19.7%

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

What does housing look like?

2,199

Total Housing Units

1,979

Occupied Units

220

Vacant Units

2.61

Avg Household Size

Occupancy Type

Owner 73.6%
Renter 26.4%

$183,900

Median Home Value

-5% vs state

$908

Median Rent

1974

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

+11.0%

YoY Change (2024)

242

HPI Index (2000 = 100)

+142%

Total Change Since 2000

Home values in ZIP 47243 have increased 11.0% over the past year (2024). Since 2000, this ZIP has seen +142% cumulative appreciation.

Year Annual Change HPI Index
2020 +2.2% 156
2021 +13.7% 177
2022 +18.8% 211
2023 +3.4% 218
2024 +11.0% 242

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 2024. ZIP codes with few transactions may show missing values.

What businesses operate in this ZIP?

Census Bureau data shows 74 business establishments in ZIP 47243, employing approximately 1,506 people with a combined annual payroll of $50,378,000.

74

Businesses

1,506

Employees

$50.4M

Annual Payroll

8

Industry Sectors

Industry Establishments % of Total
Retail trade 14 18.9%
Accommodation and food services 14 18.9%
Health care and social assistance 12 16.2%
Other services (except public administration) 9 12.2%
Construction 7 9.5%
Wholesale trade 5 6.8%
Manufacturing 3 4.0%
Finance and insurance 3 4.0%

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 47243 vs 47138 →

ZIP 47243 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 47243 ranks #2 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 47243 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 47243 ranks #6 of 8 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
47138 Lexington, IN 4,373 6.3 mi
47162 New Washington, IN 829 8.1 mi
40045 Milton, KY 3,451 6.6 mi
47147 Nabb, IN 945 6.4 mi
47104 Bethlehem, IN 41 9.6 mi
47141 Marysville, IN 1,668 10.6 mi
47230 Deputy, IN 2,029 11.8 mi
47250 Madison, IN 21,944 12.3 mi

More ZIP Codes in Jefferson County

47250 standard
Madison, IN
Pop: 21,944
47230 standard
Deputy, IN
Pop: 2,029
47231 standard
Dupont, IN
Pop: 1,167
47147 standard
Nabb, IN
Pop: 945

Related Areas

Jefferson County Hanover, IN Indiana

Frequently Asked Questions

What county is ZIP code 47243 in? ▼
ZIP code 47243 (Hanover) is located in Jefferson County, Indiana. Jefferson County contains multiple ZIP codes, see the full list at /counties/jefferson-in.
What is the population of ZIP code 47243? ▼
ZIP code 47243 in Hanover, IN has a population of 5,951 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 47243? ▼
The median household income in ZIP 47243 is $65,197, which is 15% below the national average of $76,288.
What is the average home value in ZIP 47243? ▼
The median home value in ZIP 47243 is $183,900, which is 34% below the national average of $278,155.
What is the demographic makeup of ZIP 47243? ▼
The largest racial group in ZIP 47243 is White at 92.1%. Hispanic or Latino residents make up 4.3% of the population.
How many businesses are in ZIP code 47243? ▼
ZIP code 47243 has 74 business establishments employing approximately 1,506 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 47243? ▼
The top industries by establishment count in ZIP 47243 are: Retail trade (14), Accommodation and food services (14), Health care and social assistance (12). There are 8 industry sectors represented in total.
How have home values changed in ZIP code 47243? ▼
According to the FHFA House Price Index, home values in ZIP 47243 increased by 11.0% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 142%. 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 47243? ▼
In ZIP code 47243, 53.2% of residents aged 25+ have a high school diploma or higher, and 19.7% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What is the average commute time in ZIP 47243? ▼
The mean commute time for workers in ZIP code 47243 is 21.4 minutes according to Census ACS data. The national average is roughly 26 minutes, so commuters here spend less time traveling to work than typical.
What percentage of residents own vs. rent in ZIP 47243? ▼
In ZIP code 47243, approximately 73.6% of occupied housing units are owner-occupied and 26.4% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 47243? ▼
The poverty rate in ZIP code 47243 is 10.1% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.

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