U.S. ZIP Code · IN47374
Wayne County
Appreciation
- 1-year
- +5.4%
- 5-year / yr
- +7.9%
- 10-year / yr
- +7.2%
Relative price
- vs U.S.
- -44.0%
- vs metro
- —
- vs state
- -31.3%
Price history
Zillow Home Value Index — monthly, smoothed and seasonally adjusted.
The typical home in 47374 is worth $158,988. Over the past year, values have risen 5.4%. Homes here rent for a typical $874 a month — a 6.6% gross rental yield. The effective property tax rate is 0.8%.
#Rent & investment
Typical asking rent, and the returns it implies at the current home value.
#Property tax
Effective rate — total real estate taxes paid relative to total home value.
#Climate risk
FEMA National Risk Index ratings for Wayne County. "Not Applicable" means the hazard does not threaten the county.
- Overall risk
- Relatively Low[4]
- Riverine flood
- Relatively Moderate
- Coastal flood
- Not Applicable
- Wildfire
- Very Low
- Drought
- Very Low
- Heat wave
- Relatively Low
- Hurricane
- Very Low
- Tornado
- Relatively High
- Earthquake
- Relatively Low
- Winter weather
- Relatively Low
#Who lives here
#Migration
Household moves in and out of Wayne County over a year, from IRS tax-return data.
- Net migration
- +29[5]
- Moved in
- 1,287
- Moved out
- 1,258
Schools
Open public schools in this ZIP, from the NCES Common Core of Data.
- Public schools
- 11
- Elementary
- 6
- Middle
- 2
- High
- 2
Richmond High School
High · Grades 9–12 · Richmond Community Schools
1,331 students
Dennis Middle School
Middle · Grades 7–8 · Richmond Community Schools
642 students
Test Intermediate School
Middle · Grades 5–6 · Richmond Community Schools
624 students
Crestdale Elementary School
Elementary · Grades PK–4 · Richmond Community Schools
373 students
Charles Elementary School
Elementary · Grades PK–4 · Richmond Community Schools
335 students
Run the numbers
Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.
Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.
Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.
Renting is meaningfully cheaper month-to-month.
This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.
#Metro ranking
Where this ZIP sits among others in its metro area.
Frequently asked
- How much is a home worth in ZIP code 47374?
- The typical home in 47374 is worth $158,988, based on the Zillow Home Value Index.
- Are home values rising in 47374?
- Home values in 47374 are up 5.4% over the past year, and up 7.9% a year over five years.
- What is the typical rent in 47374?
- A typical home in 47374 rents for about $874 a month, a gross rental yield of 6.6%.
- What is the property tax rate in 47374?
- The effective property tax rate in 47374 is 0.8% — roughly $1,272 a year on a typical home.
- Who lives in 47374?
- ZIP code 47374 has a population of 44,615 and a median household income of $50,766.
Compare ZIPs
Pit ZIP 47374 against any other ZIP — full side-by-side table.
#Articles featuring this ZIP
Explainers, guides, and lists that use 47374 as an example.
- ListicleAffordable + Low Climate Risk + Strong School Coverage: 10 US ZIPs That Hit All Three
A multi-dimensional filter most real-estate sites can't run: affordability + low climate risk + strong school coverage at the ZIP level. The 10 US ZIPs that pass all three filters — and the honest methodology behind what 'pass' means.
- ExplainerWhat FEMA Climate Risk Means for Property Values (and Why the Market Hasn't Caught Up)
FEMA's National Risk Index is the standard US climate risk metric — and most explainers stop at the definition. The data tells a different story: the market has barely priced climate risk in. Where the discount is starting to show.
#Jump to section