ZIP Code 47421

standard

Source:

Bedford · Lawrence County · Indiana

Population
27,831

59/sq mi

Median income
$68,108

▼ 11% vs US

higher than 44% of US ZIPs

Median home value
$188,100

▼ 32% vs US

higher than 40% of US ZIPs

Bachelor's or higher
22.2%

Median age 46.7

Land area
473.3 sq mi

Indiana/Indianapolis

ZIP code 47421 in Bedford, Indiana has a population of 27,831. The median household income is $68,108, which is 11% below the national average. Median home value is $188,100, 32% below the US average. 22.2% of residents hold a bachelor's degree or higher.

ZIP code 47421 is classified by USPS as a standard delivery area and covers roughly 473.3 square miles in Bedford, Lawrence County, Indiana. The area is home to 27,831 residents, producing a population density of 59 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 47421 against Indiana and the nation.

On the economic side, the median household income for ZIP 47421 sits at $68,108 (8% below the Indiana average), while per-capita income is $38,096. The poverty rate stands at 11.6% and the unemployment rate at 1.9%. On housing, the median home value is $188,100 (3% below the state average) with median rent at $835 per month, and 80.0% of occupied units are owner-occupied, a direct signal of whether 47421 behaves more like a homeowner neighborhood or a renter-heavy ZIP.

Education and household profile round out the picture: 22.2% of adults hold a bachelor's degree or higher, the median age is 46.7, and the average commute is 27 minutes. We also surface 6 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Lawrence County, so you can benchmark 47421 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 47421

Top 5 sectors by establishment count

Which industries have the most business establishments in ZIP 47421.

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 + HUD FMR + FHFA HPI ACS demographics, ZBP business establishments, HUD Fair Market Rents, FHFA HPI for ZIP 47421, Bedford, 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

27,831

Population

473.3

Area (sq mi)

59

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 47421?

46.7

Median Age

49.0%

Male

51.0%

Female

0.8%

Foreign-Born

White 94.8%
African American 0.3%
Asian 0.1%
American Indian or Alaska Native 0.0%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 4.1%
Hispanic or Latino 2.0%

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?

$68,108

Median Household Income

-8% vs state

$38,096

Per Capita Income

11.6%

Poverty Rate

1.9%

Unemployment Rate

27.4 min

Mean Commute Time

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

What is the education profile here?

High School Graduate or Higher 61.1%
Bachelor's Degree or Higher 22.2%

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

What does housing look like?

13,038

Total Housing Units

12,273

Occupied Units

765

Vacant Units

2.20

Avg Household Size

Occupancy Type

Owner 80.0%
Renter 20.0%

$188,100

Median Home Value

-3% vs state

$835

Median Rent

1967

Median Year Built

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

FHFA House Price Index, annual appreciation data based on repeat sales and appraisals

+6.9%

YoY Change (2024)

247

HPI Index (2000 = 100)

+147%

Total Change Since 2000

Home values in ZIP 47421 have increased 6.9% over the past year (2024). Since 2000, this ZIP has seen +147% cumulative appreciation.

Year Annual Change HPI Index
2020 +6.6% 169
2021 +13.7% 192
2022 +12.6% 216
2023 +7.1% 231
2024 +6.9% 247

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 684 business establishments in ZIP 47421, employing approximately 9,284 people with a combined annual payroll of $452,374,000.

684

Businesses

9,284

Employees

$452.4M

Annual Payroll

17

Industry Sectors

Industry Establishments % of Total
Retail trade 124 18.1%
Health care and social assistance 104 15.2%
Other services (except public administration) 88 12.9%
Professional, scientific, and technical services 55 8.0%
Construction 54 7.9%
Accommodation and food services 49 7.2%
Finance and insurance 44 6.4%
Manufacturing 36 5.3%
Real estate and rental and leasing 30 4.4%
Administrative and support and waste management and remediation services 28 4.1%
Transportation and warehousing 17 2.5%
Wholesale trade 16 2.3%
Information 15 2.2%
Arts, entertainment, and recreation 8 1.2%
Educational services 6 0.9%
Mining, quarrying, and oil and gas extraction 4 0.6%
Agriculture, forestry, fishing and hunting 3 0.4%

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 47421 vs 47451 →

ZIP Code City Population Distance
47451 Oolitic, IN 1,228 4.4 mi
47420 Avoca, IN 135 6.3 mi
47436 Heltonville, IN 1,663 7.0 mi
47446 Mitchell, IN 9,990 9.2 mi
47467 Tunnelton, IN 72 8.7 mi
47434 Harrodsburg, IN 76 11.5 mi

More ZIP Codes in Lawrence County

Frequently Asked Questions

What county is ZIP code 47421 in?
ZIP code 47421 (Bedford) is located in Lawrence County, Indiana. Lawrence County contains multiple ZIP codes, see the full list at /counties/lawrence-in.
What is the population of ZIP code 47421?
ZIP code 47421 in Bedford, IN has a population of 27,831 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 47421?
The median household income in ZIP 47421 is $68,108, which is 11% below the national average of $76,288.
What is the average home value in ZIP 47421?
The median home value in ZIP 47421 is $188,100, which is 32% below the national average of $278,155.
What is the demographic makeup of ZIP 47421?
The largest racial group in ZIP 47421 is White at 94.8%. Hispanic or Latino residents make up 2.0% of the population.
How many businesses are in ZIP code 47421?
ZIP code 47421 has 684 business establishments employing approximately 9,284 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 47421?
The top industries by establishment count in ZIP 47421 are: Retail trade (124), Health care and social assistance (104), Other services (except public administration) (88). There are 17 industry sectors represented in total.
How have home values changed in ZIP code 47421?
According to the FHFA House Price Index, home values in ZIP 47421 increased by 6.9% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 147%. 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 47421?
In ZIP code 47421, 61.1% of residents aged 25+ have a high school diploma or higher, and 22.2% 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 47421?
The mean commute time for workers in ZIP code 47421 is 27.4 minutes according to Census ACS data. The national average is roughly 26 minutes, so commuters here spend more time traveling to work than typical.
What percentage of residents own vs. rent in ZIP 47421?
In ZIP code 47421, approximately 80.0% of occupied housing units are owner-occupied and 20.0% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 47421?
The poverty rate in ZIP code 47421 is 11.6% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.

ZIP Code Research Guides

Official Data Resources for Bedford, 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.