PlainZIP

Spencer, IN · standard

ZIP Code 47460

Owen County, Indiana - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.

11,471
30/sq mi
$68,447
Median income
$193,000
Median home value
20.6%
Bachelor's or higher

The verdict

Spencer pairs a below-median household income with below-median home values, in a rural, homeowner-dominated area.

44th pct
household income, US ZIPs
42th pct
home value, US ZIPs
30
people per sq mi
81%
owner-occupied homes

Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 47460 against every reporting US ZIP.

ZIP code 47460 is a mid-sized community (a standard USPS delivery area) in Spencer, Owen County, Indiana, home to 11,471 residents across 388.8 square miles, a density of 30 people per square mile, in the Indiana/Indianapolis time zone.

ZIP 47460 reports a modest median household income of $68,447 (7% below the Indiana average), while per-capita income is $36,836. 9.8% of residents live below the poverty line, and the unemployment rate reads 3.3%. The typical home here is valued at $193,000 (0% below the state average); renters pay a median of $853 monthly, and 81.1% of units are owner-occupied.

Educational attainment sits below the national norm: 20.6% of adults hold a bachelor's degree or higher, the median age is 45.6, and the average commute is 27 minutes. We also surface 4 nearby ZIP codes within roughly 10 miles and 5 additional ZIPs sharing Owen County, so you can benchmark 47460 against its immediate geography rather than a national average alone.

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 47460

Top 5 sectors by establishment count in Spencer, IN

Which industries have the most business establishments in ZIP 47460.

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 47460, Spencer, 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

11,471

Population

388.8

Area (sq mi)

30

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 47460?

45.6

Median Age

48.3%

Male

51.7%

Female

0.9%

Foreign-Born

White 94.9%
African American 0.2%
Asian 0.7%
American Indian or Alaska Native 0.1%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 3.4%
Hispanic or Latino 1.9%

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?

$68,447

Median Household Income

-7% vs state

$36,836

Per Capita Income

9.8%

Poverty Rate

3.3%

Unemployment Rate

26.6 min

Mean Commute Time

How ZIP 47460 ranks nationally

Spencer, IN household income vs. every US ZIP code

Median household income, the full national distribution, with this ZIP marked

$68,447 44th percentile higher than 44% 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%). Below this entry. $60,000–$80,000: 9,980 US ZIPs (33%). This entry sits in this band. $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 59.9%
Bachelor's Degree or Higher 20.6%

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

What does housing look like?

5,000

Total Housing Units

4,485

Occupied Units

515

Vacant Units

2.41

Avg Household Size

Occupancy Type

Owner 81.1%
Renter 18.9%

$193,000

Median Home Value

-0% vs state

$853

Median Rent

1979

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

+4.7%

YoY Change (2024)

226

HPI Index (2000 = 100)

+126%

Total Change Since 2000

Home values in ZIP 47460 have increased 4.7% over the past year (2024). Since 2000, this ZIP has seen +126% cumulative appreciation.

Year Annual Change HPI Index
2020 +5.2% 159
2021 +11.6% 177
2022 +14.2% 202
2023 +7.0% 216
2024 +4.7% 226

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 253 business establishments in ZIP 47460, employing approximately 3,633 people with a combined annual payroll of $164,873,000.

253

Businesses

3,633

Employees

$164.9M

Annual Payroll

14

Industry Sectors

Industry Establishments % of Total
Retail trade 41 16.2%
Other services (except public administration) 35 13.8%
Construction 30 11.9%
Manufacturing 26 10.3%
Health care and social assistance 26 10.3%
Accommodation and food services 22 8.7%
Transportation and warehousing 12 4.7%
Finance and insurance 12 4.7%
Professional, scientific, and technical services 11 4.3%
Wholesale trade 8 3.2%
Real estate and rental and leasing 8 3.2%
Administrative and support and waste management and remediation services 8 3.2%
Information 5 2.0%
Arts, entertainment, and recreation 5 2.0%

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 47460 vs 47431 →

ZIP 47460 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 47460 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 47460 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 47460 ranks the highest of 5 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
47431 Freedom, IN 1,366 6.7 mi
47464 Stinesville, IN 198 7.6 mi
47433 Gosport, IN 4,025 8.9 mi
47868 Poland, IN 2,937 10.5 mi

More ZIP Codes in Owen County

47868 standard
Poland, IN
Pop: 2,937
47431 standard
Freedom, IN
Pop: 1,366
47427 standard
Coal City, IN
Pop: 1,093
47833 standard
Bowling Green, IN
Pop: 1,010
47455 standard
Patricksburg, IN
Pop: 124

Related Areas

Owen County Spencer, IN Indiana

Frequently Asked Questions

What county is ZIP code 47460 in? ▼
ZIP code 47460 (Spencer) is located in Owen County, Indiana. Owen County contains multiple ZIP codes, see the full list at /counties/owen-in.
What is the population of ZIP code 47460? ▼
ZIP code 47460 in Spencer, IN has a population of 11,471 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 47460? ▼
The median household income in ZIP 47460 is $68,447, which is 10% below the national average of $76,288.
What is the average home value in ZIP 47460? ▼
The median home value in ZIP 47460 is $193,000, which is 31% below the national average of $278,155.
What is the demographic makeup of ZIP 47460? ▼
The largest racial group in ZIP 47460 is White at 94.9%. Hispanic or Latino residents make up 1.9% of the population.
How many businesses are in ZIP code 47460? ▼
ZIP code 47460 has 253 business establishments employing approximately 3,633 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 47460? ▼
The top industries by establishment count in ZIP 47460 are: Retail trade (41), Other services (except public administration) (35), Construction (30). There are 14 industry sectors represented in total.
How have home values changed in ZIP code 47460? ▼
According to the FHFA House Price Index, home values in ZIP 47460 increased by 4.7% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 126%. 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 47460? ▼
In ZIP code 47460, 59.9% of residents aged 25+ have a high school diploma or higher, and 20.6% 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 47460? ▼
The mean commute time for workers in ZIP code 47460 is 26.6 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 47460? ▼
In ZIP code 47460, approximately 81.1% of occupied housing units are owner-occupied and 18.9% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 47460? ▼
The poverty rate in ZIP code 47460 is 9.8% 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.