PlainZIP

Waveland, IN · standard

ZIP Code 47989

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

1,281
12/sq mi
$104,048
Median income
$122,700
Median home value
16.7%
Bachelor's or higher

The verdict

Waveland pairs an upper-quartile household income with among the most affordable home values nationally, in a rural, homeowner-dominated area.

Top 17%
household income, US ZIPs
18th pct
home value, US ZIPs
12
people per sq mi
93%
owner-occupied homes

Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 47989 against every reporting US ZIP.

ZIP code 47989 is a sparsely populated ZIP (a standard USPS delivery area) in Waveland, Montgomery County, Indiana, home to just 1,281 residents across 108.6 square miles, a density of 12 people per square mile, in the Indiana/Indianapolis time zone.

ZIP 47989 lands in the middle-income range, with a median household income of $104,048 (41% above the Indiana average), while per-capita income is $42,970. Poverty here runs at 7.0%, with unemployment measured at 2.2%. Housing costs here run $122,700 for a typical home value (37% below the state average), with rent averaging $483 a month; 92.7% of homes are owner-occupied.

Educational attainment sits below the national norm: 16.7% of adults hold a bachelor's degree or higher, the median age is 44.3, and the average commute is 28 minutes. To put 47989 in local context, 5 ZIP codes within roughly 10 miles appear further down this page alongside 6 additional ZIPs in Montgomery County, for a geography-aware comparison.

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 →

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 47989, Waveland, 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

1,281

Population

108.6

Area (sq mi)

12

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 47989?

44.3

Median Age

58.7%

Male

41.3%

Female

3.4%

Foreign-Born

White 90.8%
African American 0.0%
Asian 4.6%
American Indian or Alaska Native 0.1%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 4.5%
Hispanic or Latino 0.2%

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?

$104,048

Median Household Income

+41% vs state

$42,970

Per Capita Income

7.0%

Poverty Rate

2.2%

Unemployment Rate

27.6 min

Mean Commute Time

How ZIP 47989 ranks nationally

Waveland, IN household income vs. every US ZIP code

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

$104,048 Top 17% higher than 83% 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%). Below this entry. $80,000–$100,000: 5,778 US ZIPs (19%). Below this entry. $100,000–$120,000: 2,855 US ZIPs (9%). This entry sits in this band. $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 67.6%
Bachelor's Degree or Higher 16.7%

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

What does housing look like?

579

Total Housing Units

508

Occupied Units

71

Vacant Units

2.51

Avg Household Size

Occupancy Type

Owner 92.7%
Renter 7.3%

$122,700

Median Home Value

-37% vs state

$483

Median Rent

1938

Median Year Built

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

What businesses operate in this ZIP?

Census Bureau data shows 19 business establishments in ZIP 47989, employing approximately 55 people with a combined annual payroll of $2,081,000.

19

Businesses

55

Employees

$2.1M

Annual Payroll

2

Industry Sectors

Industry Establishments % of Total
Construction 3 15.8%
Transportation and warehousing 3 15.8%

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 47989 vs 47916 →

ZIP 47989 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 47989 ranks #2 by population - useful context the national average alone can't give.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023

ZIP 47989 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 47989 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
47916 Alamo, IN 64 6.5 mi
47859 Marshall, IN 1,066 6.3 mi
46175 Russellville, IN 597 6.3 mi
47965 New Market, IN 646 8.4 mi
47872 Rockville, IN 8,890 11.0 mi

More ZIP Codes in Montgomery County

47933 standard
Crawfordsville, IN
Pop: 27,937
47954 standard
Ladoga, IN
Pop: 2,220
47990 standard
Waynetown, IN
Pop: 1,627
47940 standard
Darlington, IN
Pop: 1,433
47955 standard
Linden, IN
Pop: 1,088
47968 standard
New Ross, IN
Pop: 982

Related Areas

Montgomery County Waveland, IN Indiana

Frequently Asked Questions

What county is ZIP code 47989 in? ▼
ZIP code 47989 (Waveland) is located in Montgomery County, Indiana. Montgomery County contains multiple ZIP codes, see the full list at /counties/montgomery-in.
What is the population of ZIP code 47989? ▼
ZIP code 47989 in Waveland, IN has a population of 1,281 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 47989? ▼
The median household income in ZIP 47989 is $104,048, which is 36% above the national average of $76,288.
What is the average home value in ZIP 47989? ▼
The median home value in ZIP 47989 is $122,700, which is 56% below the national average of $278,155.
What is the demographic makeup of ZIP 47989? ▼
The largest racial group in ZIP 47989 is White at 90.8%. Hispanic or Latino residents make up 0.2% of the population.
How many businesses are in ZIP code 47989? ▼
ZIP code 47989 has 19 business establishments employing approximately 55 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What is the education level in ZIP code 47989? ▼
In ZIP code 47989, 67.6% of residents aged 25+ have a high school diploma or higher, and 16.7% 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 47989? ▼
The mean commute time for workers in ZIP code 47989 is 27.6 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 47989? ▼
In ZIP code 47989, approximately 92.7% of occupied housing units are owner-occupied and 7.3% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 47989? ▼
The poverty rate in ZIP code 47989 is 7.0% 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.