47243 — Hanover, IN Home Values
Typical home value $227,862 as of June 2026 · 6th of 6 in Madison, IN
Blue: typical home value (Zillow ZHVI) in ZIP code 47243, June 2021 to June 2026. This page shows observed data only; no forecast.
How 47243 compares in the Madison, IN area
ZIP code 47243 (Hanover, IN) has a typical home value of $227,862 as of June 2026, ranking 6th of 6 ZIP codes tracked in the Madison, IN area, more expensive than about 17% of ZIP codes in the metro. Prices here have moved +6.5% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +43.7%, from $158,592 in June 2021 to $227,862 in June 2026.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Madison, IN forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Madison.
Population and demographics
ZIP code 47243 has a population of 6,235, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 93.3% White, 4.4% Hispanic or Latino, 1.1% two or more races, 0.6% Black or African American, 0.4% Asian, and 0.2% American Indian or Alaska Native.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| Southwestern Elementary School | 273 South Main Cross St, Hanover, IN | 2.7 mi |
| Southwestern High School | 167 S Main Cross St, Hanover, IN | 2.9 mi |
| Southwestern Middle School | 169 S Main Cross St, Hanover, IN | 2.9 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 47243?
$227,862 as of June 2026, the latest month Zillow has published observed data for.
Is 47243 an expensive ZIP code in the Madison, IN area?
47243 ranks 6th of 6 ZIP codes in the Madison, IN area by typical home value, more expensive than about 17% of ZIP codes in the metro.
How much have home values in 47243 changed over the past year?
+6.5% over the trailing 12 months, from observed Zillow data.
What is the population of ZIP code 47243?
6,235, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 47243?
Southwestern Elementary School (2.7 mi), Southwestern High School (2.9 mi), Southwestern Middle School (2.9 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 47243?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Madison, IN forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.