ZIP Code 47981
standardSource:
Romney · Tippecanoe County · Indiana
- Population
- 849
- Median income
- $86,023
- Median home value
- $170,700
- Bachelor's or higher
- 20.4%
- Land area
- 94.3 sq mi
9/sq mi
▲ 13% vs US
higher than 69% of US ZIPs
▼ 39% vs US
higher than 35% of US ZIPs
Median age 38.5
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
Who lives in ZIP 47981?
38.5
Median Age
61.4%
Male
38.6%
Female
4.0%
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?
$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?
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
$170,700
Median Home Value
-12% vs state
1958
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
+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 →
More ZIP Codes in Tippecanoe County
Related Areas
Frequently Asked Questions
What county is ZIP code 47981 in? ▼
What is the population of ZIP code 47981? ▼
What is the median household income in ZIP 47981? ▼
What is the average home value in ZIP 47981? ▼
What is the demographic makeup of ZIP 47981? ▼
How many businesses are in ZIP code 47981? ▼
How have home values changed in ZIP code 47981? ▼
What is the education level in ZIP code 47981? ▼
What percentage of residents own vs. rent in ZIP 47981? ▼
What is the poverty rate in ZIP code 47981? ▼
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.
PlainZIP is not affiliated with the U.S. Census Bureau or any government agency.
Read our methodology , how this data is sourced, computed, and verified.