Borden, IN Profile: Facts & Data

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Borden, Indiana - Basic Facts

The Town of Borden had a population of 819 as of July 1, 2020. Borden ranks in the lower quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Indiana. See peer rankings below.

The primary coordinate point for Borden is located at latitude 38.4667 and longitude -85.9458 in Clark County. The formal boundaries for the Town of Borden encompass a land area of 1.39 sq. miles and a water area of 0 sq. miles. Clark County is in the Eastern time zone (GMT -5). The elevation is 558 feet.

The Town of Borden (GNIS ID: 2396596) has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The Town of Borden is located within Township of Wood, a minor civil division (MCD) of Clark County.

Alternate Unofficial Names for Borden: New Providence.

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Borden, IN Data & Demographics (As of July 1, 2020)

POPULATION

Total Population 819 (100%)
Population in Households 819 (100.0%)
Population in Families 685 (83.6%)
Population in Group Quarters1 0
Population Density 589
Diversity Index2 12
 
 

INCOME

Median Household Income $66,613
Average Household Income $78,440
% of Income for Mortgage4 11%
Per Capita Income $30,335
Wealth Index5 75
 

HOUSING

Total HU (Housing Units) 367 (100%)
Owner Occupied HU 266 (72.5%)
Renter Occupied HU 65 (17.7%)
Vacant Housing Units 36 ( 9.8%)
Median Home Value $177,857
Average Home Value $215,849
Housing Affordability Index3 238
 

HOUSEHOLDS

Total Households 331
Average Household Size 2.47
Family Households 240
Average Family Size 3
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2010-2020 2020-2025
Population 0.13% 0.15%
Households 0.3% 0.18%
Families 0.76% 0.08%
Median Household Income   2.4%
Per Capita Income   1.96%
Owner Occupied HU   0.08%

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Borden, IN - Peer Comparisons by Rank and Percentile

The table below compares Borden to the other 679 incorporated cities, towns and CDPs in Indiana by rank and percentile using July 1, 2020 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 375 45th
Population Density # 551 19th
Median Household Income # 127 81st
Housing Affordability Index # 230 34th
Per Capita Income # 164 76th
Diversity Index # 324 53rd

Additional comparisons and rankings can be made with a VERY EASY TO USE Indiana Census Data Comparison Tool.

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