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 Moderate-density area
- $65,197
- Median income Near-median income area
- $183,900
- Median home value Near-median home value
- 19.7%
- Bachelor's or higher Near-average bachelor's attainment
National ZIP placement
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.
FHFA HPI release change
What changed in the latest House Price Index year
- FHFA House Price Index values in ZIP 47243 (Hanover, IN) rose +11.0% from 2023 to 2024. The all-transactions index moved from 217.7 in 2023 to 241.7 in 2024 (2000 = 100).
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 average Indiana ZIP), while per-capita income is $28,438. The poverty rate is 10.1%, with unemployment at 6.6%; those measures add context to the income figure. Median home value is $183,900 (5% below the average Indiana ZIP) and median rent is $908; 73.6% of occupied 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. The page also surfaces 8 ZIP codes within roughly 10 miles and 4 more in Jefferson County, so 47243 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 47243
Top 5 sectors by establishment count in Hanover, IN
Which industries have the most business establishments in ZIP 47243.
- Retail trade
Retail trade
14 establishments
- Accommodation and food services
Accommodation and food services
14 establishments
- Health care and social assistance
Health care and social assistance
12 establishments
- Other services (except public administration)
Other services (except public administration)
9 establishments
- Construction
Construction
7 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 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
Who lives in ZIP 47243?
33.0
Median Age
48.8%
Male
51.2%
Female
1.8%
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?
$65,197
Median Household Income
-11% vs state ZIP avg
$28,438
Per Capita Income
10.1%
Poverty Rate
6.6%
Unemployment Rate
21.4 min
Mean Commute Time
How ZIP 47243 ranks among Indiana ZIPs
Hanover, 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)
$65,197 37th percentile higher than 37% 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
2,199housing units
2,199
Total Housing Units
1,979
Occupied Units
220
Vacant Units
2.61
Avg Household Size
Occupancy Type
$183,900
Median Home Value
-5% vs state ZIP avg
$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.
- 47250
Madison (47250)
21,944 residents
- 47243 5,951
Hanover (47243)
5,951 residents
- 47138 4,373
Lexington (47138)
4,373 residents
- 40045 3,451
Milton (40045)
3,451 residents
- 47230 2,029
Deputy (47230)
2,029 residents
- 47141 1,668
Marysville (47141)
1,668 residents
- 47147 945
Nabb (47147)
945 residents
- 47162 829
New Washington (47162)
829 residents
- 47104 41
Bethlehem (47104)
41 residents
What this shows Among its immediate neighbors, ZIP 47243 ranks #2 by population - useful context the national average alone can't give.
ZIP 47243 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 47147
Nabb (47147)
$110,556 median income
- 47141
Marysville (47141)
$108,523 median income
- 47138
Lexington (47138)
$86,335 median income
- 47230
Deputy (47230)
$80,729 median income
- 40045
Milton (40045)
$76,607 median income
- 47243
Hanover (47243)
$65,197 median income
- 47250
Madison (47250)
$61,284 median income
- 47162
New Washington (47162)
$59,444 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.
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 47243, 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 (5,951 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.
More ZIP Codes in Jefferson County
Related Areas
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.
Related
Take this with you
What to do with ZIP 47243's numbers, next.
- See how ZIP 47243 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Hanover, IN ranks among every U.S. ZIP code on income, education, or homeownership View national rankings
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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.