ZIP Code 47615 -- Grandview, IN
Spencer | 2024 American Community Survey Data
Key Insights
- With a price-to-income ratio of 2.5x, housing here is relatively affordable compared to the recommended 3-5x benchmark.
- 88.10% of housing units are owner-occupied — indicating a stable, established neighborhood with strong homeownership.
Quick Overview
About ZIP Code 47615
ZIP code 47615 in Grandview, Indiana is a unknown area with a population of 1,631. The median household income is $66,458, which is This is 11% below the national median of $75,000.. The median home value is $166,400, representing a price-to-income ratio of 2.5x . The cost of living is significantly below average with an index of 64.2 (the national average is 100). Residents have a median age of 46.00 years. Approximately 20.6% of adults hold a bachelor's degree or higher. This ZIP code is located in Spencer, IN.
Population & Age
Age Distribution
Race & Ethnicity
Racial Composition
Income & Economy
This is 11% below the national median of $75,000.
Income Distribution
Housing
Affordable housing market
Ownership vs Rental
Education
Employment & Commuting
How People Get to Work
Cost of Living Index
The cost of living in ZIP code 47615 is 35.8% below the national average of 100.
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Other ZIP Codes in Spencer
Frequently Asked Questions about ZIP Code 47615
ZIP code 47615 (Grandview, IN) has a total population of 1,631 according to the 2024 American Community Survey. The median age is 46.00 years.
The median household income in ZIP code 47615 is $66,458 per year, based on 2024 Census Bureau data. This is 11% below the national median of $75,000.
ZIP code 47615 is primarily located in Grandview, Indiana (IN). It falls within Spencer County.
The median home value in ZIP code 47615 is $166,400, based on the 2024 American Community Survey 5-year estimates. The median monthly rent is $856.
The median age in ZIP code 47615 is 46.00 years, compared to the national median of 38.9 years. This makes the area older than the national average.
ZIP code 47615 has a cost of living index of 64.19 (national average = 100). This means the cost of living is significantly below average compared to the national average.
In ZIP code 47615, 20.61% of adults (25+) hold a bachelor's degree or higher, compared to the national average of 33.7%. 6.10% hold a graduate or professional degree.
The unemployment rate in ZIP code 47615 is 1.28%, which is below the national average of 3.6%. About 1.88% of workers work from home.
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Data sourced from the 2024 American Community Survey (U.S. Census Bureau). Learn more about our data sources.