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 Low-density area
- $104,048
- Median income Above-median income area
- $122,700
- Median home value Below-median home value
- 16.7%
- Bachelor's or higher Below-average bachelor's attainment
National ZIP placement
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 average Indiana ZIP), while per-capita income is $42,970. Both reported hardship measures are comparatively low in absolute terms: poverty is 7.0% and unemployment is 2.2%. Home values sit below the statewide ZIP benchmark: the median is $122,700 (37% below the average Indiana ZIP), and median rent is $483; owner occupancy is 92.7%.
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. The page also surfaces 5 ZIP codes within roughly 10 miles and 6 more in Montgomery County, so 47989 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 →
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
Who lives in ZIP 47989?
44.3
Median Age
58.7%
Male
41.3%
Female
3.4%
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?
$104,048
Median Household Income
+41% vs state ZIP avg
$42,970
Per Capita Income
7.0%
Poverty Rate
2.2%
Unemployment Rate
27.6 min
Mean Commute Time
How ZIP 47989 ranks among Indiana ZIPs
Waveland, 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)
$104,048 Top 8% higher than 92% 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
579housing units
579
Total Housing Units
508
Occupied Units
71
Vacant Units
2.51
Avg Household Size
Occupancy Type
$122,700
Median Home Value
-37% vs state ZIP avg
$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.
- 47872
Rockville (47872)
8,890 residents
- 47989 1,281
Waveland (47989)
1,281 residents
- 47859 1,066
Marshall (47859)
1,066 residents
- 47965 646
New Market (47965)
646 residents
- 46175 597
Russellville (46175)
597 residents
- 47916 64
Alamo (47916)
64 residents
What this shows Among its immediate neighbors, ZIP 47989 ranks #2 by population - useful context the national average alone can't give.
ZIP 47989 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 47989
Waveland (47989)
$104,048 median income
- 47965
New Market (47965)
$76,607 median income
- 47859
Marshall (47859)
$74,583 median income
- 46175
Russellville (46175)
$74,125 median income
- 47872
Rockville (47872)
$70,781 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.
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 47989, 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 (1,281 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.
More ZIP Codes in Montgomery County
Related Areas
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.
Related
Take this with you
What to do with ZIP 47989's numbers, next.
- See how ZIP 47989 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Waveland, 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.