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ZIP Code 47240

Decatur, Indiana

FIPS 47240

Juniper

ZIP Code 47240 is in the top 29% nationally for HPI growth 5yr %. It also sits in the top 35% nationally for appreciation 1yr %.

Median Home Value

$209,200

Near the U.S. ZIP codes median

HPI Growth 5yr %

49%

Higher than 71% of U.S. ZIP codes

FEMA Risk Score

71.3

Higher than 58% of U.S. ZIP codes

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

Near median

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

Near median

Median Rent

$871

Near median

Home prices & appreciation

Ranked against U.S. ZIP codes.

HPI Growth 5yr %

49%

Higher than 71%

Appreciation 1yr %

-0.64%

Higher than 65%

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

Higher than 58%

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 →