47016 ZIP Code – Cedar Grove, Indiana
ZIP code 47016 is a small ZIP code located in Cedar Grove, Indiana, within Franklin County with a population of approximately 785 residents. The median household income of $67,500 is near the Indiana average and near the national average. Median home values of $208,200 are below the national average, with 91.6% owner-occupied housing (increasing). . Median rent is $675, which is below the U.S. average. Housing consists of 98% single-family (increasing).
The area reports an unemployment rate of 2.1%, well below the national average. An estimated 4.5% of the population falls below the poverty line, well below the national figure. Bachelor's degree attainment is 16.6%, below the national average. The population has a median age of 55.8, above the national median. ZIP codes in the surrounding area include 47035, 47060, 47012.
ZIP Code 47016 Data
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ZIP 47016 vs. Indiana vs. U.S.
| Metric | ZIP 47016 | IN Avg. | U.S. Avg. |
|---|---|---|---|
| Population | 785 | 8,642 | 10k |
| Median Household Income | $67k | $69k | $73k |
| Median Home Value | $208k | $165k | $258k |
| Median Rent | $675 | $898 | $1,088 |
| Median Age | 55.8 | 41.0 | 43.2 |
| Unemployment Rate | 2.1% | 4.2% | 5.0% |
| Poverty Rate | 4.5% | 11.3% | 13.3% |
| Bachelor's Degree or Higher | 16.6% | 21.0% | 26.9% |
Demographics Charts
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Education Level (adults 25+)
Nearby ZIP Codes
- 47035 – New Trenton
- 47060 – West Harrison
- 47012 – Brookville
- 45053 – Okeana
- 47010 – Bath
- 45030 – Harrison
- 45056 – Oxford
- 47022 – Guilford
- 47003 – West College Corner
- 47030 – Metamora
Nearby ZIP Code Comparison
| ZIP Code | City | Population | Median Income |
|---|---|---|---|
| 47035 | NEW TRENTON | 180 | Not provided |
| 47060 | WEST HARRISON | 6,654 | $88,344 |
| 47012 | BROOKVILLE | 10,698 | $77,917 |
| 45053 | OKEANA | 3,865 | $110,087 |
| 47010 | BATH | 289 | $50,679 |