47374 ZIP Code Profile, Map, Data & Demographics

Preferred Name, USPS

Richmond, IN 47374

Not Acceptable, USPS

Chester, IN 47374

East Haven, IN 47374

Gateway Shopping Center, IN 47374

Gateway Shopping Ctr, IN 47374

Middleboro, IN 47374

Richmond Sq, IN 47374

Richmond Square, IN 47374

Spring Grove, IN 47374

Spring Grove Heights, IN 47374

Spring Grv Hts, IN 47374

Whitewater, IN 47374

ZIP Code Type: STANDARD
County: Wayne County
Centroid: Latitude 39.834, Longitude -84.891
Time Zone: Eastern Time Zone (UTC -5 hours)
Observes DST: Yes

ZIP Code 47374 has segments in 2 Counties (Union, Wayne).

Businesses Addresses: 1,475
PO Box Addresses: 28
Residential Addresses: 19,831

Multi-Family Addresses: 1,420
Single Family Addresses: 18,411

The ZIP Code maps and database are updated 4 times per year.
Database updated: June 1, 2024, Maps updated: May 1, 2024.

Richmond, IN 47374 Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	45,350 (100%)
Population in Households	43,310 (95.5%)
Population in Families	31,735 (70.0%)
Population in Group Quarters¹	2,040 ( 4.5%)
Population Density	382
Diversity Index²	39


INCOME
Median Household Income	$50,470
Average Household Income	$73,183
% of Income for Mortgage⁴	20%
Per Capita Income	$31,321
Wealth Index⁵	61
Socioeconomic Status Index⁶	Moderate (45.6)

HOUSING
Total HU (Housing Units)	21,884 (100%)
Owner Occupied HU	12,150 (55.5%)
Renter Occupied HU	7,143 (32.6%)
Vacant Housing Units	2,591 (11.8%)
Median Home Value	$161,491
Average Home Value	$205,492
Housing Affordability Index³	124

HOUSEHOLDS
Total Households	19,293
Average Household Size	2.24
Family Households	10,873
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Richmond, IN 47374 - Peer Comparisons by Rank and Percentile

The table below compares 47374 to the other 763 ZIP Codes in Indiana by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	-0.13%	-0.12%
Households	0.08%	0.16%
Families		-0.05%
Median Household Income		3.25%
Per Capita Income		3.34%
Owner Occupied HU		0.42%

Variable Description	Rank	Percentile
Total Population	# 13	98th
Population Density	# 227	70th
Median Household Income	# 701	8th
Housing Affordability Index	# 272	36th
Per Capita Income	# 551	28th
Diversity Index	# 171	78th

47374 ZIP Code Profile, Map, Data & Demographics

ZIP Code 47374: Basic Data & USPS Preferred City Name

Richmond, IN 47374 Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Richmond, IN 47374 - Peer Comparisons by Rank and Percentile

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