Fayette County · Indiana
ZIP code 47331
- Population
- 22,769
- Median income
- $56,530
- Median home
- $115,300
- Sales tax
- 7%
ZCTA residents
Household, past 12 months
Owner-occupied value
Indiana state rate
Quick answer
ZIP 47331 sits in Fayette County, Indiana and is home to 22,769 people. Median household income is $56,530, the median home is worth $115,300 and median gross rent is $777. 70% of households own their home, and purchases are taxed at 7% (Indiana state rate).
- County
- Fayette County
- State
- Indiana (IN)
- Area codes
- Not published
- Metro area
- Outside covered metros
FIPS 18041
807 ZIPs covered
No NANPA match for this ZIP
Rate jurisdiction used for tax
The numbers for 47331
American Community Survey 2019-2023 ACS 5-year estimates for this ZCTA.
- Population
- 22,769ZIP 47331 residents
- Median household income
- $56,530Past 12 months, inflation adjusted
- Median home value
- $115,300Owner-occupied units
- Median gross rent
- $777Rent plus utilities, monthly
- Median age
- 43 yrsAll residents
- Homeownership rate
- 70%Owner-occupied households
Sales tax in 47331
What a purchase inside this ZIP costs at checkout.
Indiana levies 7% statewide with no local add-ons. Check the county page for the local component before you quote a price.
Affordability in this ZIP
Derived from the Census medians above — indicative, not an offer.
A rent burden above 30% is the federal threshold for cost-burdened households, and a price-to-income multiple above 4× is generally considered a stretched housing market. The mortgage figure is principal and interest only — taxes, insurance and HOA dues are extra.
How 47331 compares
ZIP 47331 against the median ZIP in Fayette County and across Indiana.
| Measure | ZIP 47331 | County median | State median | vs state |
|---|---|---|---|---|
| Median household income | $56,530 | $56,530 | $68,990 | -18% |
| Median home value | $115,300 | $115,300 | $168,100 | -31% |
| Median gross rent | $777 | $777 | $895 | -13% |
| Population | 22,769 | 22,769 | 2,793 | +715% |
Medians are computed across the 1 ZIP areas in Fayette County and the 807 ZIP areas in Indiana.
Statewide rank
Where this ZIP places among all 807 Indiana ZIP areas.
- Income
- #593
- Home value
- #613
- Population
- #110
richer than 19% of 734 state ZIPs
above 16% of 733 state ZIPs
larger than 86% of 807 state ZIPs
Comparable ZIP codes
Indiana ZIP areas with almost the same household income.
ZIP 47331 questions
Common questions about this ZIP code.
- Where is ZIP code 47331?
- ZIP 47331 lies mostly in Fayette County, Indiana. County assignment follows the largest share of land area, so a ZIP straddling a county line is filed under its dominant county.
- What sales tax do I pay in 47331?
- Indiana charges 7% statewide.
- Is 47331 expensive to live in?
- Median rent runs $777 a month, about 16% of median household income, and the median home is worth $115,300 — -31% against the typical Indiana ZIP.
- Is a ZCTA the same as a postal ZIP code?
- Not exactly. The Census builds ZIP Code Tabulation Areas from the ZIP codes of addresses inside each census block, so a ZCTA can differ slightly from the USPS delivery route of the same number, and PO-box-only ZIPs have no ZCTA at all.
Keep going
Related pages for this area.
Sources & transparency
- US Census Bureau, ACS 2019-2023 5-year estimates — 2019-2023 ACS 5-year — population, income, housing
- Census 2020 ZCTA-to-county relationship file — County assignment by largest land-area overlap
- Indiana Department of Revenue — Sales tax rates and local add-ons
Last reviewed December 2024. Figures are published for reference and can change; verify with the source agency before filing or contracting. How we build and check this data.