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Tippecanoe County · Indiana

ZIP code 47981

Population, income, housing costs and the sales tax rate charged on purchases inside ZIP 47981 — Census 2019-2023 ACS 5-year, no modelled estimates.
Population
915

ZCTA residents

Median income
$76,250

Household, past 12 months

Median home
$173,300

Owner-occupied value

Sales tax
7%

Indiana state rate

Quick answer

ZIP 47981 sits in Tippecanoe County, Indiana and is home to 915 people. Median household income is $76,250, the median home is worth $173,300 and median gross rent is —. 96.5% of households own their home, and purchases are taxed at 7% (Indiana state rate).

County
Tippecanoe County

FIPS 18157

State
Indiana (IN)

807 ZIPs covered

Area codes
Not published

No NANPA match for this ZIP

Metro area
Outside covered metros

Rate jurisdiction used for tax

The numbers for 47981

American Community Survey 2019-2023 ACS 5-year estimates for this ZCTA.

Population
915ZIP 47981 residents
Median household income
$76,250Past 12 months, inflation adjusted
Median home value
$173,300Owner-occupied units
Median gross rent
—Rent plus utilities, monthly
Median age
38 yrsAll residents
Homeownership rate
96.5%Owner-occupied households

ZIP 47981 in context

How this area compares with national benchmarks.

ZIP 47981 is a very small community in Tippecanoe County, Indiana, with 915 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #601 of 807 ranked by population — larger than 25% of them. The median age here is 38 years against 39.1 nationally, a slightly younger profile than the country as a whole. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.

Households in ZIP 47981 earn a median of $76,250 a year, 2.9% below the national figure of $78,538. The median is the midpoint household, not an average, so a handful of very high earners cannot drag it upward the way they distort a mean. Poverty reaches 0% of residents here, less than half the 12.4% national rate.

The typical owner-occupied home in ZIP 47981 is valued at $173,300, 42.9% below the national figure, while median gross rent runs not published a month. The home-price-to-income ratio works out to 2.3×, against roughly 3.9× nationally, so purchase prices are unusually low against local pay, the pattern in places where supply is plentiful and wage growth has been flat. 96.5% of occupied homes are owner-occupied versus 65% nationally, an owner-dominated market where rental listings are scarce and rent medians rest on a thin sample. Gross rent folds in the utilities a tenant pays separately, so it is closer to the real monthly outlay than a headline rent figure.

With 915 residents, a handful of survey responses moves every median on this page. Compare ZIP 47981 against its county rather than against national figures.

The Census withheld gross rent for ZIP 47981 because the sample was too thin to publish at this geography. Those values were suppressed at the source, not lost in our dataset, and we do not model a replacement. Everything else on this page comes straight from the ACS 2019-2023 ACS 5-year tables.

Reading ZIP 47981 in context

How 47981 sits inside Tippecanoe County and Indiana.

ZIP 47981 is tabulated inside Tippecanoe County, Indiana, one of 13 ZIP areas the Census publishes for that county and 807 across Indiana. Fewer than 2,500 people are counted here, so the ZIP behaves like a village delivery route rather than a neighbourhood. County assignment on this page follows the largest share of the ZIP's land area, which matters where a delivery route crosses a county line: mail addressed to 47981 can be handled by a post office in a neighbouring county even though the tabulation area is filed here.

Against its own county, 47981 reports a median household income of $76,250, 21% above the $63,115 county median, and 11% above the $68,990 typical IN ZIP. Owner-occupied homes are valued at a median of $173,300, 15% below the county figure and 3% above the statewide ZIP median. Rent is reported gross — the contract amount plus tenant-paid utilities — at not published a month, which is why it reads higher than the advertised rent on a listing for the same unit.

Indiana charges 7% statewide, and no local sales tax is layered on top, so the state rate is the full amount collected in 47981.

Everything above comes from the Census Bureau American Community Survey 2019-2023 ACS 5-year estimates for this ZIP Code Tabulation Area, with sales tax rates traced to the state revenue agency. Five-year estimates pool sixty months of responses, so they are stable enough to compare 47981 with its neighbours but always trail the current year, and any value the Census suppressed for sample size is shown as unpublished rather than filled in with a model.

Sales tax in 47981

What a purchase inside this ZIP costs at checkout.

Rate applied
7%State base rate only
Tax on $100
$7Rounded to the dollar
Tax on $1,000
$70Before any exemptions

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.

Rent burden
—Median rent ÷ median income
Price-to-income
2.3×Home value ÷ household income
Est. mortgage
$899/mo20% down, 30-yr at 6.75%
Poverty rate
0%Residents below poverty line

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 47981 compares

ZIP 47981 against the median ZIP in Tippecanoe County and across Indiana.

MeasureZIP 47981County medianState medianvs state
Median household income$76,250$63,115$68,990+11%
Median home value$173,300$203,600$168,100+3%
Median gross rent—$983$895—
Population9151,5232,793-67%

Medians are computed across the 13 ZIP areas in Tippecanoe County and the 807 ZIP areas in Indiana.

Statewide rank

Where this ZIP places among all 807 Indiana ZIP areas.

Income

richer than 66% of 734 state ZIPs

#246
Home value

above 54% of 733 state ZIPs

#339
Population

larger than 26% of 807 state ZIPs

#601

Comparable ZIP codes

Indiana ZIP areas with almost the same household income.

ZIPCountyIncomeHome valueRent
47006Ripley County$76,220$237,400$776
46322Lake County$76,219$219,500$1,202
46725Whitley County$76,214$216,700$907
46706DeKalb County$76,288$194,900$829
47325Union County$76,302$180,800—
47832Parke County$76,375$167,500$1,023

Nearby ZIP codes

Other ZIP codes filed under Tippecanoe County.

Adjacent ZIP Codes

Other ZIP codes in Tippecanoe County, Indiana.

ZIP 47981 questions

Common questions about this ZIP code.

Where is ZIP code 47981?
ZIP 47981 lies mostly in Tippecanoe 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 47981?
Indiana charges 7% statewide.
Is 47981 expensive to live in?
Median rent runs — a month, and the median home is worth $173,300 — +3% 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.

Related pages for this area.

Sources & transparency

Every figure on this page is a published estimate for ZIP Code Tabulation Area 47981, except the affordability ratios and mortgage estimate, which we derive from those medians and label as estimates.

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.