PlainZIP

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
$50,766
Median income
$130,700
Median home value
21.4%
Bachelor's or higher

The verdict

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.

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 Indiana average), while per-capita income is $31,638. 22.0% of residents live below the poverty line, and the unemployment rate reads 6.0%. Housing costs here run $130,700 for a typical home value (32% below the state average), with rent averaging $820 a month; 64.0% of homes are owner-occupied.

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. To put 47374 in local context, 6 ZIP codes within roughly 10 miles appear further down this page alongside 6 additional ZIPs in Wayne County, for a geography-aware comparison.

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.

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 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

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 47374?

40.8

Median Age

48.0%

Male

52.0%

Female

3.6%

Foreign-Born

White 82.3%
African American 5.6%
Asian 1.3%
American Indian or Alaska Native 0.3%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 7.7%
Hispanic or Latino 4.6%

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

$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

$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%). This entry sits in this band. $60,000–$80,000: 9,980 US ZIPs (33%). Above this entry. $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 55.9%
Bachelor's Degree or Higher 21.4%

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

What does housing look like?

21,613

Total Housing Units

18,782

Occupied Units

2,831

Vacant Units

2.27

Avg Household Size

Occupancy Type

Owner 64.0%
Renter 36.0%

$130,700

Median Home Value

-32% vs state

$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.

residents

What this shows Among its immediate neighbors, ZIP 47374 ranks the most populous - useful context the national average alone can't give.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023

ZIP 47374 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 47374 ranks #7 of 7 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
47324 Boston, IN 138 6.6 mi
47341 Fountain City, IN 2,283 9.7 mi
45347 New Paris, OH 4,324 7.6 mi
47330 Centerville, IN 5,755 7.7 mi
47393 Williamsburg, IN 1,704 10.9 mi
47325 Brownsville, IN 667 12.0 mi

More ZIP Codes in Wayne County

47330 standard
Centerville, IN
Pop: 5,755
47327 standard
Cambridge City, IN
Pop: 4,597
47346 standard
Hagerstown, IN
Pop: 4,082
47341 standard
Fountain City, IN
Pop: 2,283
47393 standard
Williamsburg, IN
Pop: 1,704
47345 standard
Greens Fork, IN
Pop: 1,448

Related Areas

Wayne County Richmond, IN Indiana

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.

Read our methodology to see how this data is sourced, computed, and verified.