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 Moderate-density area
- $63,205
- Median income Near-median income area
- $175,200
- Median home value Near-median home value
- 24.8%
- Bachelor's or higher Near-average bachelor's attainment
National ZIP placement
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 average Indiana ZIP), while per-capita income is $31,765. The poverty rate is 12.7%, with unemployment at 2.7%; those measures add context to the income figure. Median home value is $175,200 (9% below the average Indiana ZIP) and median rent is $876; 76.1% of occupied homes 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. The page also surfaces 7 ZIP codes within roughly 10 miles and 6 more in Randolph County, so 47340 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 47340
Top 5 sectors by establishment count in Farmland, IN
Which industries have the most business establishments in ZIP 47340.
- Construction
Construction
7 establishments
- Other services (except public administration)
Other services (except public administration)
7 establishments
- Retail trade
Retail trade
5 establishments
- Manufacturing
Manufacturing
3 establishments
- Real estate and rental and leasing
Real estate and rental and leasing
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 + 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
Who lives in ZIP 47340?
41.8
Median Age
48.3%
Male
51.7%
Female
1.0%
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?
$63,205
Median Household Income
-14% vs state ZIP avg
$31,765
Per Capita Income
12.7%
Poverty Rate
2.7%
Unemployment Rate
25.3 min
Mean Commute Time
How ZIP 47340 ranks among Indiana ZIPs
Farmland, 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)
$63,205 32nd percentile higher than 32% 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
1,421housing units
1,421
Total Housing Units
1,306
Occupied Units
115
Vacant Units
2.34
Avg Household Size
Occupancy Type
$175,200
Median Home Value
-9% vs state ZIP avg
$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.
- 47394
Winchester (47394)
8,470 residents
- 47320
Albany (47320)
4,134 residents
- 47383 2,960
Selma (47383)
2,960 residents
- 47340 2,914
Farmland (47340)
2,914 residents
- 47368 2,845
Parker City (47368)
2,845 residents
- 47380 2,004
Ridgeville (47380)
2,004 residents
- 47354 1,129
Losantville (47354)
1,129 residents
- 47358 996
Modoc (47358)
996 residents
What this shows Among its immediate neighbors, ZIP 47340 ranks #4 by population - useful context the national average alone can't give.
ZIP 47340 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 47358
Modoc (47358)
$79,063 median income
- 47368
Parker City (47368)
$73,654 median income
- 47320
Albany (47320)
$69,764 median income
- 47354
Losantville (47354)
$66,566 median income
- 47340
Farmland (47340)
$63,205 median income
- 47383
Selma (47383)
$61,250 median income
- 47394
Winchester (47394)
$59,913 median income
- 47380
Ridgeville (47380)
$57,000 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.
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 47340, 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 (2,914 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.
More ZIP Codes in Randolph County
Related Areas
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.
Related
Take this with you
What to do with ZIP 47340's numbers, next.
- See how ZIP 47340 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Farmland, 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.