47342, Gaston, IN

The Gaston, IN zip code 47342 has a population of around 10,000 people and is located in the Indianapolis metropolitan area. The median household income in this zip code is $92,500 which is above the national median of $53,046. The unemployment rate in this zip code is 3.8%, below the national average of 4.1%.

Home prices in Gaston have increased significantly over the past few years and are now among some of the highest in Indiana. The median home price in this zip code was $158,000 as of September 2017 which is more than double the median home price of $76,000 recorded just five years earlier. This rapid increase in home prices has led to significant increases in home equity for residents of Gaston. As of September 2017, homeowners with a home equity value greater than 50% of their total property value had an average net worth of $145,000 which was considerably higher than the statewide average net worth of $100,000.