ZIP Code 47981

standard

Source:

Romney · Tippecanoe County · Indiana

Population
849

9/sq mi

Median income
$86,023

▲ 13% vs US

higher than 69% of US ZIPs

Median home value
$170,700

▼ 39% vs US

higher than 35% of US ZIPs

Bachelor's or higher
20.4%

Median age 38.5

Land area
94.3 sq mi

Indiana/Indianapolis

ZIP code 47981 in Romney, Indiana has a population of 849. The median household income is $86,023, which is 13% above the national average. Median home value is $170,700, 39% below the US average. 20.4% of residents hold a bachelor's degree or higher.

ZIP code 47981 is classified by USPS as a standard delivery area and covers roughly 94.3 square miles in Romney, Tippecanoe County, Indiana. The area is home to 849 residents, producing a population density of 9 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 47981 against Indiana and the nation.

On the economic side, the median household income for ZIP 47981 sits at $86,023 (17% above the Indiana average), while per-capita income is $58,966. The poverty rate stands at 3.4% and the unemployment rate at 6.1%. On housing, the median home value is $170,700 (12% below the state average) with median rent at per month, and 96.0% of occupied units are owner-occupied, a direct signal of whether 47981 behaves more like a homeowner neighborhood or a renter-heavy ZIP.

Education and household profile round out the picture: 20.4% of adults hold a bachelor's degree or higher, the median age is 38.5, and the average commute is . We also surface 5 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Tippecanoe County, so you can benchmark 47981 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 →

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 47981, Romney, 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

849

Population

94.3

Area (sq mi)

9

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 47981?

38.5

Median Age

61.4%

Male

38.6%

Female

4.0%

Foreign-Born

White 94.2%
African American 0.0%
Asian 0.0%
American Indian or Alaska Native 4.0%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 1.8%
Hispanic or Latino 5.2%

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?

$86,023

Median Household Income

+17% vs state

$58,966

Per Capita Income

3.4%

Poverty Rate

6.1%

Unemployment Rate

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

What is the education profile here?

High School Graduate or Higher 68.5%
Bachelor's Degree or Higher 20.4%

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

What does housing look like?

282

Total Housing Units

249

Occupied Units

33

Vacant Units

2.84

Avg Household Size

Occupancy Type

Owner 96.0%
Renter 4.0%

$170,700

Median Home Value

-12% vs state

1958

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

+14.4%

YoY Change (2021)

165

HPI Index (2000 = 100)

+65%

Total Change Since 2000

Home values in ZIP 47981 have increased 14.4% over the past year (2021). Since 2000, this ZIP has seen +65% cumulative appreciation.

Year Annual Change HPI Index
2016 +5.4% 116
2017 +3.0% 120
2018 +11.3% 134
2020 144
2021 +14.4% 165

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 2021. ZIP codes with few transactions may show missing values.

What businesses operate in this ZIP?

Census Bureau data shows 12 business establishments in ZIP 47981, employing approximately 31 people with a combined annual payroll of $1,173,000.

12

Businesses

31

Employees

$1.2M

Annual Payroll

1

Industry Sectors

Industry Establishments % of Total
Administrative and support and waste management and remediation services 3 25.0%

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 47981 vs 47909 →

ZIP Code City Population Distance
47909 Lafayette, IN 39,373 5.6 mi
47955 Linden, IN 1,088 4.9 mi
47967 New Richmond, IN 772 5.0 mi
47992 Westpoint, IN 1,465 8.4 mi
47994 Wingate, IN 476 8.7 mi

More ZIP Codes in Tippecanoe County

Frequently Asked Questions

What county is ZIP code 47981 in?
ZIP code 47981 (Romney) is located in Tippecanoe County, Indiana. Tippecanoe County contains multiple ZIP codes, see the full list at /counties/tippecanoe-in.
What is the population of ZIP code 47981?
ZIP code 47981 in Romney, IN has a population of 849 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 47981?
The median household income in ZIP 47981 is $86,023, which is 13% above the national average of $76,288.
What is the average home value in ZIP 47981?
The median home value in ZIP 47981 is $170,700, which is 39% below the national average of $278,155.
What is the demographic makeup of ZIP 47981?
The largest racial group in ZIP 47981 is White at 94.2%. Hispanic or Latino residents make up 5.2% of the population.
How many businesses are in ZIP code 47981?
ZIP code 47981 has 12 business establishments employing approximately 31 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
How have home values changed in ZIP code 47981?
According to the FHFA House Price Index, home values in ZIP 47981 increased by 14.4% in 2021. Since 2000, home values in this ZIP have appreciated by approximately 65%. 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 47981?
In ZIP code 47981, 68.5% of residents aged 25+ have a high school diploma or higher, and 20.4% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What percentage of residents own vs. rent in ZIP 47981?
In ZIP code 47981, approximately 96.0% of occupied housing units are owner-occupied and 4.0% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 47981?
The poverty rate in ZIP code 47981 is 3.4% 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 Romney, 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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