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 Moderate-density area
- $68,447
- Median income Near-median income area
- $193,000
- Median home value Near-median home value
- 20.6%
- Bachelor's or higher Near-average bachelor's attainment
National ZIP placement
Spencer pairs a below-median household income with below-median home values, in a rural, homeowner-dominated area.
- 44th pct
- household income, US ZIPs
- 42nd 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.
FHFA HPI release change
What changed in the latest House Price Index year
- FHFA House Price Index values in ZIP 47460 (Spencer, IN) rose +4.7% from 2023 to 2024. The all-transactions index moved from 216.1 in 2023 to 226.3 in 2024 (2000 = 100).
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 average Indiana ZIP), while per-capita income is $36,836. The poverty rate is 9.8%, with unemployment at 3.3%; those measures add context to the income figure. Median home value is $193,000 (0% below the average Indiana ZIP) and median rent is $853; 81.1% of occupied homes 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. The page also surfaces 4 ZIP codes within roughly 10 miles and 5 more in Owen County, so 47460 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 47460
Top 5 sectors by establishment count in Spencer, IN
Which industries have the most business establishments in ZIP 47460.
- Retail trade
Retail trade
41 establishments
- Other services (except public administration)
Other services (except public administration)
35 establishments
- Construction
Construction
30 establishments
- Manufacturing
Manufacturing
26 establishments
- Health care and social assistance
Health care and social assistance
26 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 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
Who lives in ZIP 47460?
45.6
Median Age
48.3%
Male
51.7%
Female
0.9%
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?
$68,447
Median Household Income
-7% vs state ZIP avg
$36,836
Per Capita Income
9.8%
Poverty Rate
3.3%
Unemployment Rate
26.6 min
Mean Commute Time
How ZIP 47460 ranks among Indiana ZIPs
Spencer, IN household income vs. every Indiana ZIP code
Median household income among 721 reporting Indiana ZIPs (this ZIP's population is too small for a reliable national-corpus placement)
$68,447 44th percentile higher than 44% of 721 Indiana ZIPs
Each bar is a $20K-wide band; taller bars hold more Indiana 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
5,000housing units
5,000
Total Housing Units
4,485
Occupied Units
515
Vacant Units
2.41
Avg Household Size
Occupancy Type
$193,000
Median Home Value
-0% vs state ZIP avg
$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.
- 47460
Spencer (47460)
11,471 residents
- 47433 4,025
Gosport (47433)
4,025 residents
- 47868 2,937
Poland (47868)
2,937 residents
- 47431 1,366
Freedom (47431)
1,366 residents
- 47464 198
Stinesville (47464)
198 residents
What this shows Among its immediate neighbors, ZIP 47460 ranks the most populous - useful context the national average alone can't give.
ZIP 47460 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 47460
Spencer (47460)
$68,447 median income
- 47464
Stinesville (47464)
$64,464 median income
- 47431
Freedom (47431)
$61,948 median income
- 47433
Gosport (47433)
$59,520 median income
- 47868
Poland (47868)
$51,409 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.
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 47460, 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 (11,471 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.
More ZIP Codes in Owen County
Related Areas
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.
Related
Take this with you
What to do with ZIP 47460's numbers, next.
- See how ZIP 47460 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Spencer, IN ranks among every U.S. ZIP code on income, education, or homeownership View national rankings
- Save this ZIP to your shortlist to track alongside others you're considering View your shortlist
ZIP Code Tabulation Areas (ZCTAs) are Census Bureau approximations of USPS ZIP codes; figures describe the ZCTA area, not any single address within it.