Interested in purchasing investment houses in the 47224 zip code in Canaan, IN?
The zip code 47224 is in both Jefferson and Switzerland counties with a latitude of -85.221280000000 and longitude of 38.886970000000, is in the state of Indiana. The average asking price of houses and condos is $92,000.00 and the average sale price was $181,559.00. this regions is classified as the Louisville metro area and consists of the following area codes: 812 and 930. The location in degrees is 38° 53' 13.092" N, 85° 13' 16.608" W. The county F.I.P.S. is 18155. The total land area is 22.5 square miles and the water area is 0.1 square miles. The elevation in this area is 728 - 902 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 47224 is in county number 077 and is L. Sector 95, L. Segment 18, H. Sector 18, and H. Segment 18. The population was 525 in 2019 and 636 in 2010. This further breaks down to 244 males (46.5%) and 281 females (53.5%). The median age of residents is 46.6 years. The population of the greater Madison, IN area is 32,868. The population density (people per square mile) is 23.
The financial status of those living in this area is considered lower middle class. The average individual gross adjusted income is $37,464 and the average salary is $40,581. The median household income of individuals is $45,276.00 and the average is $42,950.00. This zip code has a mean commute time to work of 36.2 minutes. The unemployment rate is 7.7%. Income earners by percent breakdown as 57.10% (Under $50,000), 34.90% ($50,000-$100,000), and 8.00% earn over $100,000. 31.3% of residents live below poverty line versus the 11.9% in the state that are below this line. The cost of living index is 86.7. The educational breakdown is 96.2% have a high school education or higher, 5.3% have a bachelor's degree or higher, and 2.1% have some kind of profesional degree.
This area has 208 households and the average size is 2.5 people. Individuals who are single and have never been married are 22.1%, 69.6% are now married, 0.0% are separated, 3.6% are widowed, and 4.7% are divorced. The average yearly contribution amount given by people to charity was $1,800 versus the state average of $4,697. The percent of residents who gave to charity was 9.1%.
The estimated median value of houses and condos is $91,224. The median monthly owner costs of mortgage holders was $759, where as the costs for those who don't have a mortgage are $363. The median number of rooms in houses and condos are 6.7.
The real estate tax percent rate is 0.6% which equated to an average real estate tax amount payment of $545. In comparision, the average real estate tax percent rate in the state is 0.8% which equated to an average real estate tax amount payment in the state of $1,263. The median housing property tax percent for residents with mortgages was 0.7% which amounted to an average tax amount of $501. Conversely, the median housing property tax percent for residents who don't have mortgages was 0.6% which amounted to an average tax amount of $596. Reported taxable interest for persons was $825 and itemized deductions $17,275. The average earned income tax credit is $2,600. The percent of individuals that use a tax preparer is 63.6%. The total average income taxes paid by individuals was $4,650. Businesses reported an average profit of $4,450.
Indian Trails Restaurant
8856 N Main St, Canaan, IN 47224
Old School Cafe
13851 State Road 129, Canaan, IN 47224
Friendship Tavern
5905 State Road 62, Friendship, IN 47021 (6.9 miles away)
Mo's Steak House
7 Ogle Industrial Park Dr, Vevay, IN 47043 (10.8 miles away)
Friendship Bar & Grill
5905 E State Road 62, Versailles, IN 47042 (11.3 miles away)
O'Ryan's Restaurant
12933 North St, Dillsboro, IN 47018 (11.7 miles away)
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