ZIP Code 47970

standard

Source:

Otterbein · Benton County · Indiana

Population
2,034

13/sq mi

Median income
$74,457

▼ 2% vs US

higher than 54% of US ZIPs

Median home value
$185,300

▼ 33% vs US

higher than 39% of US ZIPs

Bachelor's or higher
26.8%

Median age 34.3

Land area
151.8 sq mi

Indiana/Indianapolis

ZIP code 47970 in Otterbein, Indiana has a population of 2,034. The median household income is $74,457, which is 2% below the national average. Median home value is $185,300, 33% below the US average. 26.8% of residents hold a bachelor's degree or higher.

ZIP code 47970 is classified by USPS as a standard delivery area and covers roughly 151.8 square miles in Otterbein, Benton County, Indiana. The area is home to 2,034 residents, producing a population density of 13 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 47970 against Indiana and the nation.

On the economic side, the median household income for ZIP 47970 sits at $74,457 (1% above the Indiana average), while per-capita income is $31,740. The poverty rate stands at 14.4% and the unemployment rate at 4.3%. On housing, the median home value is $185,300 (4% below the state average) with median rent at $915 per month, and 74.6% of occupied units are owner-occupied, a direct signal of whether 47970 behaves more like a homeowner neighborhood or a renter-heavy ZIP.

Education and household profile round out the picture: 26.8% of adults hold a bachelor's degree or higher, the median age is 34.3, and the average commute is 26 minutes. We also surface 3 nearby ZIP codes within roughly 10 miles and 5 additional ZIPs sharing Benton County, so you can benchmark 47970 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 47970

Top 5 sectors by establishment count

Which industries have the most business establishments in ZIP 47970.

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 47970, Otterbein, 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

2,034

Population

151.8

Area (sq mi)

13

People / sq mi

Indiana/Indianapolis

Time Zone

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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 47970?

34.3

Median Age

47.2%

Male

52.8%

Female

1.5%

Foreign-Born

White 90.6%
African American 0.8%
Asian 0.0%
American Indian or Alaska Native 0.3%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 8.3%
Hispanic or Latino 4.1%

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?

$74,457

Median Household Income

+1% vs state

$31,740

Per Capita Income

14.4%

Poverty Rate

4.3%

Unemployment Rate

25.6 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 58.8%
Bachelor's Degree or Higher 26.8%

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

What does housing look like?

1,092

Total Housing Units

1,054

Occupied Units

38

Vacant Units

2.86

Avg Household Size

Occupancy Type

Owner 74.6%
Renter 25.4%

$185,300

Median Home Value

-4% vs state

$915

Median Rent

1983

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

+22.3%

YoY Change (2022)

169

HPI Index (2000 = 100)

+69%

Total Change Since 2000

Home values in ZIP 47970 have increased 22.3% over the past year (2022). Since 2000, this ZIP has seen +69% cumulative appreciation.

Year Annual Change HPI Index
2016 +14.0% 121
2018 123
2020 137
2021 +1.0% 138
2022 +22.3% 169

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 2022. ZIP codes with few transactions may show missing values.

What businesses operate in this ZIP?

Census Bureau data shows 35 business establishments in ZIP 47970, employing approximately 331 people with a combined annual payroll of $14,619,000.

35

Businesses

331

Employees

$14.6M

Annual Payroll

6

Industry Sectors

Industry Establishments % of Total
Construction 6 17.1%
Retail trade 6 17.1%
Wholesale trade 4 11.4%
Finance and insurance 4 11.4%
Health care and social assistance 3 8.6%
Accommodation and food services 3 8.6%

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 47970 vs 47975 →

ZIP Code City Population Distance
47975 Pine Village, IN 653 6.6 mi
47906 West Lafayette, IN 66,972 7.7 mi
47971 Oxford, IN 1,865 6.9 mi

More ZIP Codes in Benton County

Frequently Asked Questions

What county is ZIP code 47970 in?
ZIP code 47970 (Otterbein) is located in Benton County, Indiana. Benton County contains multiple ZIP codes, see the full list at /counties/benton-in.
What is the population of ZIP code 47970?
ZIP code 47970 in Otterbein, IN has a population of 2,034 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 47970?
The median household income in ZIP 47970 is $74,457, which is 2% below the national average of $76,288.
What is the average home value in ZIP 47970?
The median home value in ZIP 47970 is $185,300, which is 33% below the national average of $278,155.
What is the demographic makeup of ZIP 47970?
The largest racial group in ZIP 47970 is White at 90.6%. Hispanic or Latino residents make up 4.1% of the population.
How many businesses are in ZIP code 47970?
ZIP code 47970 has 35 business establishments employing approximately 331 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 47970?
The top industries by establishment count in ZIP 47970 are: Construction (6), Retail trade (6), Wholesale trade (4). There are 6 industry sectors represented in total.
How have home values changed in ZIP code 47970?
According to the FHFA House Price Index, home values in ZIP 47970 increased by 22.3% in 2022. Since 2000, home values in this ZIP have appreciated by approximately 69%. 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 47970?
In ZIP code 47970, 58.8% of residents aged 25+ have a high school diploma or higher, and 26.8% 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 47970?
The mean commute time for workers in ZIP code 47970 is 25.6 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 47970?
In ZIP code 47970, approximately 74.6% of occupied housing units are owner-occupied and 25.4% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 47970?
The poverty rate in ZIP code 47970 is 14.4% 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 Otterbein, 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.

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