ZIP Code 47342
standardSource:
Gaston · Delaware County · Indiana
- Population
- 2,693
- Median income
- $75,030
- Median home value
- $173,300
- Bachelor's or higher
- 16.5%
- Land area
- 129.5 sq mi
21/sq mi
▼ 2% vs US
higher than 55% of US ZIPs
▼ 38% vs US
higher than 36% of US ZIPs
Median age 33.7
Indiana/Indianapolis
ZIP code 47342 in Gaston, Indiana has a population of 2,693. The median household income is $75,030, which is 2% below the national average. Median home value is $173,300, 38% below the US average. 16.5% of residents hold a bachelor's degree or higher.
ZIP code 47342 is classified by USPS as a standard delivery area and covers roughly 129.5 square miles in Gaston, Delaware County, Indiana. The area is home to 2,693 residents, producing a population density of 21 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 47342 against Indiana and the nation.
On the economic side, the median household income for ZIP 47342 sits at $75,030 (2% above the Indiana average), while per-capita income is $29,705. The poverty rate stands at 15.0% and the unemployment rate at 6.0%. On housing, the median home value is $173,300 (10% below the state average) with median rent at $900 per month, and 79.8% of occupied units are owner-occupied, a direct signal of whether 47342 behaves more like a homeowner neighborhood or a renter-heavy ZIP.
Education and household profile round out the picture: 16.5% of adults hold a bachelor's degree or higher, the median age is 33.7, and the average commute is 29 minutes. We also surface 10 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Delaware County, so you can benchmark 47342 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 47342
Top 5 sectors by establishment count
Which industries have the most business establishments in ZIP 47342.
- Construction
Construction
7 establishments
- Other services (except public administration)
Other services (except public administration)
5 establishments
- Wholesale trade
Wholesale trade
4 establishments
- Retail trade
Retail trade
4 establishments
- Administrative and support and waste management and remediation services
Administrative and support and waste management and remediation services
4 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 47342, Gaston, 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
2,693
Population
129.5
Area (sq mi)
21
People / sq mi
Indiana/Indianapolis
Time Zone
standard
ZIP Type
Who lives in ZIP 47342?
33.7
Median Age
50.3%
Male
49.7%
Female
2.0%
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?
$75,030
Median Household Income
+2% vs state
$29,705
Per Capita Income
15.0%
Poverty Rate
6.0%
Unemployment Rate
29.0 min
Mean Commute Time
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?
1,065
Total Housing Units
987
Occupied Units
78
Vacant Units
2.75
Avg Household Size
Occupancy Type
$173,300
Median Home Value
-10% vs state
$900
Median Rent
1970
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
+16.8%
YoY Change (2022)
177
HPI Index (2000 = 100)
+77%
Total Change Since 2000
Home values in ZIP 47342 have increased 16.8% over the past year (2022). Since 2000, this ZIP has seen +77% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2018 | +5.0% | 121 |
| 2019 | +2.9% | 124 |
| 2020 | +1.3% | 126 |
| 2021 | +20.6% | 152 |
| 2022 | +16.8% | 177 |
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 2022. ZIP codes with few transactions may show missing values.
What businesses operate in this ZIP?
Census Bureau data shows 29 business establishments in ZIP 47342, employing approximately 161 people with a combined annual payroll of $5,622,000.
29
Businesses
161
Employees
$5.6M
Annual Payroll
6
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Construction | 7 | 24.1% |
| Other services (except public administration) | 5 | 17.2% |
| Wholesale trade | 4 | 13.8% |
| Retail trade | 4 | 13.8% |
| Administrative and support and waste management and remediation services | 4 | 13.8% |
| Accommodation and food services | 3 | 10.3% |
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 47342 vs 46957 →
| ZIP Code | City | Population | Distance |
|---|---|---|---|
| 46957 | Matthews, IN | 558 | 4.7 mi |
| 47396 | Yorktown, IN | 7,030 | 9.2 mi |
| 47304 | Muncie, IN | 30,516 | 6.7 mi |
| 46930 | Fowlerton, IN | 133 | 6.8 mi |
| 46989 | Upland, IN | 5,195 | 9.0 mi |
| 46070 | Summitville, IN | 2,351 | 7.9 mi |
| 47303 | Muncie, IN | 25,365 | 7.9 mi |
| 46001 | Alexandria, IN | 10,459 | 9.2 mi |
| 47306 | Muncie, IN | 6,189 | 9.9 mi |
| 47305 | Muncie, IN | 4,106 | 11.1 mi |
More ZIP Codes in Delaware County
Related Areas
Frequently Asked Questions
What county is ZIP code 47342 in? ▼
What is the population of ZIP code 47342? ▼
What is the median household income in ZIP 47342? ▼
What is the average home value in ZIP 47342? ▼
What is the demographic makeup of ZIP 47342? ▼
How many businesses are in ZIP code 47342? ▼
What are the main industries in ZIP code 47342? ▼
How have home values changed in ZIP code 47342? ▼
What is the education level in ZIP code 47342? ▼
What is the average commute time in ZIP 47342? ▼
What percentage of residents own vs. rent in ZIP 47342? ▼
What is the poverty rate in ZIP code 47342? ▼
ZIP Code Research Guides
Official Data Resources for Gaston, 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.