Oldenburg, IN Profile: Facts & Data

The Town of Oldenburg had a population of 644 as of July 1, 2024. Oldenburg ranks in the lower quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Indiana. See peer rankings below.

The primary coordinate point for Oldenburg is located at latitude 39.3398 and longitude -85.2044 in Franklin County. The formal boundaries for the Town of Oldenburg encompass a land area of 0.43 sq. miles and a water area of 0 sq. miles. Franklin County is in the Eastern time zone (GMT -5).

The Town of Oldenburg 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.

Oldenburg, IN Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	644 (100%)
Population in Households	529 (82.1%)
Population in Families	463 (71.9%)
Population in Group Quarters¹	115 (17.9%)
Population Density	1,498
Diversity Index²	4


INCOME
Median Household Income	$70,839
Average Household Income	$104,484
% of Income for Mortgage⁴	29%
Per Capita Income	$37,684
Wealth Index⁵	103
Socioeconomic Status Index⁶	Moderate (61.1)

HOUSING
Total HU (Housing Units)	254 (100%)
Owner Occupied HU	197 (77.6%)
Renter Occupied HU	34 (13.4%)
Vacant Housing Units	23 ( 9.1%)
Median Home Value	$322,727
Average Home Value	$355,711
Housing Affordability Index³	90

HOUSEHOLDS
Total Households	231
Average Household Size	2.29
Family Households	177
Average Family Size	3.00

NOTES

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.
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.
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.
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).
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.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Oldenburg, IN - Peer Comparisons by Rank and Percentile

The table below compares Oldenburg to the other 976 incorporated cities, towns and CDPs in Indiana by rank and percentile using July 1, 2024 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.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	-0.11%	-0.41%
Households	-0.30%	-0.26%
Families		-0.34%
Median Household Income		2.73%
Per Capita Income		3.47%
Owner Occupied HU		-0.20%

Variable Description	Rank	Percentile
Total Population	# 438	55th
Population Density	# 264	73rd
Median Household Income	# 473	52nd
Housing Affordability Index	# 270	28th
Per Capita Income	# 377	61st
Diversity Index	# 953	2nd

Oldenburg, IN Profile: Facts & Data

Oldenburg, Indiana - Basic Facts

Oldenburg, IN Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Oldenburg, IN - Peer Comparisons by Rank and Percentile

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