PlainZIP

Farmland, IN · standard

ZIP Code 47340

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

2,914
21/sq mi
$63,205
Median income
$175,200
Median home value
24.8%
Bachelor's or higher

The verdict

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

35th pct
household income, US ZIPs
36th pct
home value, US ZIPs
21
people per sq mi
76%
owner-occupied homes

Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 47340 against every reporting US ZIP.

ZIP code 47340 covers 138.8 square miles in Farmland, Randolph County, Indiana (a standard USPS delivery area), with a modest 2,914 residents on file, a density of 21 people per square mile, in the Indiana/Indianapolis time zone.

ZIP 47340 reports a modest median household income of $63,205 (14% below the Indiana average), while per-capita income is $31,765. Local economic indicators show a 12.7% poverty rate alongside 2.7% unemployment. On housing, the median home value is $175,200 (9% below the state average) with median rent at $876 per month, and 76.1% of occupied units are owner-occupied.

Educational attainment sits below the national norm: 24.8% of adults hold a bachelor's degree or higher, the median age is 41.8, and the average commute is 25 minutes. Beyond these figures, 7 nearby ZIP codes within about 10 miles are surfaced below, along with 6 more sharing Randolph County, letting you compare 47340 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 47340

Top 5 sectors by establishment count in Farmland, IN

Which industries have the most business establishments in ZIP 47340.

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 47340, Farmland, 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

2,914

Population

138.8

Area (sq mi)

21

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 47340?

41.8

Median Age

48.3%

Male

51.7%

Female

1.0%

Foreign-Born

White 95.5%
African American 0.0%
Asian 0.1%
American Indian or Alaska Native 0.8%
Native Hawaiian or Pacific Islander 0.3%
Two or More Ethnicities 3.2%
Hispanic or Latino 0.8%

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?

$63,205

Median Household Income

-14% vs state

$31,765

Per Capita Income

12.7%

Poverty Rate

2.7%

Unemployment Rate

25.3 min

Mean Commute Time

How ZIP 47340 ranks nationally

Farmland, IN household income vs. every US ZIP code

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

$63,205 35th percentile higher than 35% 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 65.0%
Bachelor's Degree or Higher 24.8%

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

What does housing look like?

1,421

Total Housing Units

1,306

Occupied Units

115

Vacant Units

2.34

Avg Household Size

Occupancy Type

Owner 76.1%
Renter 23.9%

$175,200

Median Home Value

-9% vs state

$876

Median Rent

1967

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

+12.5%

YoY Change (2023)

184

HPI Index (2000 = 100)

+84%

Total Change Since 2000

Home values in ZIP 47340 have increased 12.5% over the past year (2023). Since 2000, this ZIP has seen +84% cumulative appreciation.

Year Annual Change HPI Index
2019 +11.9% 137
2020 +0.3% 138
2021 +1.4% 140
2022 +16.9% 163
2023 +12.5% 184

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 41 business establishments in ZIP 47340, employing approximately 321 people with a combined annual payroll of $12,352,000.

41

Businesses

321

Employees

$12.4M

Annual Payroll

7

Industry Sectors

Industry Establishments % of Total
Construction 7 17.1%
Other services (except public administration) 7 17.1%
Retail trade 5 12.2%
Manufacturing 3 7.3%
Real estate and rental and leasing 3 7.3%
Professional, scientific, and technical services 3 7.3%
Accommodation and food services 3 7.3%

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 47340 vs 47368 →

ZIP 47340 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 47340 ranks #4 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 47340 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 47340 ranks #5 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
47368 Parker City, IN 2,845 3.6 mi
47358 Modoc, IN 996 8.9 mi
47394 Winchester, IN 8,470 7.7 mi
47383 Selma, IN 2,960 7.2 mi
47354 Losantville, IN 1,129 10.0 mi
47380 Ridgeville, IN 2,004 9.1 mi
47320 Albany, IN 4,134 9.8 mi

More ZIP Codes in Randolph County

47394 standard
Winchester, IN
Pop: 8,470
47390 standard
Union City, IN
Pop: 5,310
47355 standard
Lynn, IN
Pop: 2,885
47368 standard
Parker City, IN
Pop: 2,845
47380 standard
Ridgeville, IN
Pop: 2,004
47354 standard
Losantville, IN
Pop: 1,129

Related Areas

Randolph County Farmland, IN Indiana

Frequently Asked Questions

What county is ZIP code 47340 in? ▼
ZIP code 47340 (Farmland) is located in Randolph County, Indiana. Randolph County contains multiple ZIP codes, see the full list at /counties/randolph-in.
What is the population of ZIP code 47340? ▼
ZIP code 47340 in Farmland, IN has a population of 2,914 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 47340? ▼
The median household income in ZIP 47340 is $63,205, which is 17% below the national average of $76,288.
What is the average home value in ZIP 47340? ▼
The median home value in ZIP 47340 is $175,200, which is 37% below the national average of $278,155.
What is the demographic makeup of ZIP 47340? ▼
The largest racial group in ZIP 47340 is White at 95.5%. Hispanic or Latino residents make up 0.8% of the population.
How many businesses are in ZIP code 47340? ▼
ZIP code 47340 has 41 business establishments employing approximately 321 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 47340? ▼
The top industries by establishment count in ZIP 47340 are: Construction (7), Other services (except public administration) (7), Retail trade (5). There are 7 industry sectors represented in total.
How have home values changed in ZIP code 47340? ▼
According to the FHFA House Price Index, home values in ZIP 47340 increased by 12.5% in 2023. Since 2000, home values in this ZIP have appreciated by approximately 84%. 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 47340? ▼
In ZIP code 47340, 65.0% of residents aged 25+ have a high school diploma or higher, and 24.8% 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 47340? ▼
The mean commute time for workers in ZIP code 47340 is 25.3 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 47340? ▼
In ZIP code 47340, approximately 76.1% of occupied housing units are owner-occupied and 23.9% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 47340? ▼
The poverty rate in ZIP code 47340 is 12.7% 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.