The basics
Total Population
21,484
Median Age
39.8
Home values & property tax
Ranked against U.S. ZIP codes.
Median Home Value
$209,200
Median Property Tax
$1,282
Effective Tax Rate
1%
Cost of living & affordability
Ranked against U.S. ZIP codes.
Price-to-Income Ratio
2.99
Median Rent
$871
Home prices & appreciation
Ranked against U.S. ZIP codes.
HPI Growth 5yr %
49%
Appreciation 1yr %
-0.64%
Pandemic Gain %
45%
Recession Drop %
-5.8%
Climate & weather
Ranked against U.S. ZIP codes.
Summer Avg High (°F)
83.2
Winter Avg Low (°F)
24
Avg Temperature (°F)
53.6
Hot Days/yr (>90°F)
15.5
Freezing Days/yr (<32°F)
108.7
Annual Precipitation (in)
47
Annual Snowfall (in)
13.3
Flood & disaster risk
Ranked against U.S. ZIP codes.
FEMA Risk Score
71.3
The full report
Six pillars — each with percentile benchmarks, 16-year trends, and per-metric detail.
People
Work & Money
Housing
Amenities
Environment & Risk
ZIP Code 47240: frequently asked questions
- What is the median home value in ZIP Code 47240?
- The median home value in ZIP Code 47240 is $209,200, near the U.S. ZIP codes median.
- How much is property tax in ZIP Code 47240?
- The median annual property tax in ZIP Code 47240 is $1,282, an effective rate of 1% of home value.
- Is ZIP Code 47240 expensive to live in?
- Homes in ZIP Code 47240 cost about 2.99× the median household income, near the U.S. ZIP codes median.
- What is the average rent in ZIP Code 47240?
- The median gross rent in ZIP Code 47240 is $871 a month, near the U.S. ZIP codes median.
- How much have home prices grown in ZIP Code 47240?
- Home prices in ZIP Code 47240 have moved 49% over the past five years (-0.64% in the past year), per the FHFA House Price Index.
- What is the weather like in ZIP Code 47240?
- ZIP Code 47240 averages 53.6°F year-round, summer highs near 83.2°F, winter lows around 24°F (NOAA 1991–2020 normals). It sees about 13.3 inches of snow a year.
- Is ZIP Code 47240 at risk of flooding or natural disasters?
- ZIP Code 47240's FEMA National Risk Index score is 71.3 (higher than 58% of U.S. ZIP codes). Its greatest modeled natural hazard is tornado.
Sources: U.S. Census ACS, FEMA National Risk Index, FHFA House Price Index, OpenStreetMap, EPA. Explore the map →