Pennville, IN Profile: Facts & Data

The primary coordinate point for Pennville is located at latitude 40.4939 and longitude -85.1483 in Jay County. The formal boundaries for the Town of Pennville encompass a land area of 0.5 sq. miles and a water area of 0 sq. miles. Jay County is in the Eastern time zone (GMT -5). The elevation is 876 feet.

The Town of Pennville (GNIS ID: 2396853) 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.

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

POPULATION
Total Population	563 (100%)
Population in Households	563 (100.0%)
Population in Families	423 (75.1%)
Population in Group Quarters¹	0
Population Density	1,132
Diversity Index²	15


INCOME
Median Household Income	$40,661
Average Household Income	$47,548
% of Income for Mortgage⁴	7%
Per Capita Income	$20,088
Wealth Index⁵	37

HOUSING
Total HU (Housing Units)	281 (100%)
Owner Occupied HU	161 (57.3%)
Renter Occupied HU	75 (26.7%)
Vacant Housing Units	45 (16.0%)
Median Home Value	$65,357
Average Home Value	$105,280
Housing Affordability Index³	350

HOUSEHOLDS
Total Households	236
Average Household Size	2.39
Family Households	144
Average Family Size	3

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.

Pennville, IN - Peer Comparisons by Rank and Percentile

The table below compares Pennville 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.

GROWTH RATE / YEAR	2010-2020	2020-2025
Population	-2.3%	-1.09%
Households	-2.19%	-0.95%
Families	-2.31%	-0.99%
Median Household Income		1.54%
Per Capita Income		1.94%
Owner Occupied HU		-0.89%

Variable Description	Rank	Percentile
Total Population	# 454	33rd
Population Density	# 385	43rd
Median Household Income	# 600	12th
Housing Affordability Index	# 674	99th
Per Capita Income	# 620	9th
Diversity Index	# 258	62nd

Pennville, IN Profile: Facts & Data

Pennville, Indiana - Basic Facts

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

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Pennville, IN - Peer Comparisons by Rank and Percentile

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