Richmond, IN · standard
ZIP Code 47374
Wayne County, Indiana - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 46,875
- 154/sq mi High-density area
- $50,766
- Median income Below-median income area
- $130,700
- Median home value Below-median home value
- 21.4%
- Bachelor's or higher Near-average bachelor's attainment
National ZIP placement
Richmond pairs one of the lowest household incomes in the country with among the most affordable home values nationally, in a rural, homeowner-dominated area.
- 15th pct
- household income, US ZIPs
- 20th pct
- home value, US ZIPs
- 154
- people per sq mi
- 64%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 47374 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 47374 (Richmond, IN) rose +6.7% from 2023 to 2024. The all-transactions index moved from 151.7 in 2023 to 161.9 in 2024 (2000 = 100).
ZIP code 47374 is a densely settled ZIP (a standard USPS delivery area) in Richmond, Wayne County, Indiana, with 46,875 residents across 304.2 square miles, a density of 154 people per square mile, in the Indiana/Indianapolis time zone.
ZIP 47374 reports a modest median household income of $50,766 (31% below the average Indiana ZIP), while per-capita income is $31,638. The poverty rate is 22.0%, so the area-level income figures should not be treated as typical household experience. Home values sit below the statewide ZIP benchmark: the median is $130,700 (32% below the average Indiana ZIP), and median rent is $820; owner occupancy is 64.0%.
Educational attainment sits below the national norm: 21.4% of adults hold a bachelor's degree or higher, the median age is 40.8, and the average commute is 20 minutes. The page also surfaces 6 ZIP codes within roughly 10 miles and 6 more in Wayne County, so 47374 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 47374
Top 5 sectors by establishment count in Richmond, IN
Which industries have the most business establishments in ZIP 47374.
- Retail trade
Retail trade
199 establishments
- Health care and social assistance
Health care and social assistance
181 establishments
- Accommodation and food services
Accommodation and food services
118 establishments
- Other services (except public administration)
Other services (except public administration)
110 establishments
- Finance and insurance 69
Finance and insurance
69 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 47374, Richmond, 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
46,875
Population
304.2
Area (sq mi)
154
People / sq mi
Indiana/Indianapolis
Time Zone
standard
ZIP Type
Who lives in ZIP 47374?
40.8
Median Age
48.0%
Male
52.0%
Female
3.6%
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?
$50,766
Median Household Income
-31% vs state ZIP avg
$31,638
Per Capita Income
22.0%
Poverty Rate
6.0%
Unemployment Rate
19.8 min
Mean Commute Time
How ZIP 47374 ranks nationally
Richmond, IN household income vs. every US ZIP code
Median household income, the full national distribution, with this ZIP marked
$50,766 15th percentile higher than 15% of 30,318 US ZIPs
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?
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What does housing look like?
Housing stock: occupied vs vacant
21,613housing units
21,613
Total Housing Units
18,782
Occupied Units
2,831
Vacant Units
2.27
Avg Household Size
Occupancy Type
$130,700
Median Home Value
-32% vs state ZIP avg
$820
Median Rent
1959
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
+6.7%
YoY Change (2024)
162
HPI Index (2000 = 100)
+62%
Total Change Since 2000
Home values in ZIP 47374 have increased 6.7% over the past year (2024). Since 2000, this ZIP has seen +62% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | +4.1% | 114 |
| 2021 | +10.9% | 127 |
| 2022 | +12.8% | 143 |
| 2023 | +6.2% | 152 |
| 2024 | +6.7% | 162 |
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 1,086 business establishments in ZIP 47374, employing approximately 21,510 people with a combined annual payroll of $1,126,823,000.
1,086
Businesses
21,510
Employees
$1.1B
Annual Payroll
16
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Retail trade | 199 | 18.3% |
| Health care and social assistance | 181 | 16.7% |
| Accommodation and food services | 118 | 10.9% |
| Other services (except public administration) | 110 | 10.1% |
| Finance and insurance | 69 | 6.3% |
| Manufacturing | 67 | 6.2% |
| Construction | 64 | 5.9% |
| Real estate and rental and leasing | 54 | 5.0% |
| Professional, scientific, and technical services | 52 | 4.8% |
| Administrative and support and waste management and remediation services | 51 | 4.7% |
| Wholesale trade | 43 | 4.0% |
| Transportation and warehousing | 29 | 2.7% |
| Information | 14 | 1.3% |
| Arts, entertainment, and recreation | 13 | 1.2% |
| Educational services | 11 | 1.0% |
| Management of companies and enterprises | 8 | 0.7% |
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 47374 vs 47324 →
ZIP 47374 vs its nearest neighbors, by population
Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 47374
Richmond (47374)
46,875 residents
- 47330 5,755
Centerville (47330)
5,755 residents
- 45347 4,324
New Paris (45347)
4,324 residents
- 47341 2,283
Fountain City (47341)
2,283 residents
- 47393 1,704
Williamsburg (47393)
1,704 residents
- 47325 667
Brownsville (47325)
667 residents
- 47324 138
Boston (47324)
138 residents
What this shows Among its immediate neighbors, ZIP 47374 ranks the most populous - useful context the national average alone can't give.
ZIP 47374 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 47341
Fountain City (47341)
$81,750 median income
- 47393
Williamsburg (47393)
$71,111 median income
- 47324
Boston (47324)
$70,893 median income
- 47330
Centerville (47330)
$67,250 median income
- 47325
Brownsville (47325)
$66,189 median income
- 45347
New Paris (45347)
$63,025 median income
- 47374
Richmond (47374)
$50,766 median income
What this shows By household income, ZIP 47374 ranks #7 of 7 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 47374, 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 (46,875 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.
More ZIP Codes in Wayne County
Related Areas
Frequently Asked Questions
What county is ZIP code 47374 in?
ZIP code 47374 (Richmond) is located in Wayne County, Indiana. Wayne County contains multiple ZIP codes, see the full list at /counties/wayne-in.
What is the population of ZIP code 47374?
ZIP code 47374 in Richmond, IN has a population of 46,875 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 47374?
The median household income in ZIP 47374 is $50,766, which is 33% below the national average of $76,288.
What is the average home value in ZIP 47374?
The median home value in ZIP 47374 is $130,700, which is 53% below the national average of $278,155.
What is the demographic makeup of ZIP 47374?
The largest racial group in ZIP 47374 is White at 82.3%. Hispanic or Latino residents make up 4.6% of the population.
How many businesses are in ZIP code 47374?
ZIP code 47374 has 1,086 business establishments employing approximately 21,510 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 47374?
The top industries by establishment count in ZIP 47374 are: Retail trade (199), Health care and social assistance (181), Accommodation and food services (118). There are 16 industry sectors represented in total.
How have home values changed in ZIP code 47374?
According to the FHFA House Price Index, home values in ZIP 47374 increased by 6.7% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 62%. 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 47374?
In ZIP code 47374, 55.9% of residents aged 25+ have a high school diploma or higher, and 21.4% 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 47374?
The mean commute time for workers in ZIP code 47374 is 19.8 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 47374?
In ZIP code 47374, approximately 64.0% of occupied housing units are owner-occupied and 36.0% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 47374?
The poverty rate in ZIP code 47374 is 22.0% 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 47374's numbers, next.
- See how ZIP 47374 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Richmond, 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.