Flat Rock, IN Profile: Facts & Data

The primary coordinate point for Flat Rock is located at latitude 39.3642 and longitude -85.8316 in Shelby County. Shelby County is in the Eastern time zone (GMT -5).

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

POPULATION
Total Population	147 (100%)
Population in Households	147 (100.0%)
Population in Families	118 (80.3%)
Population in Group Quarters¹	0
Population Density	421
Diversity Index²	15


INCOME
Median Household Income	$79,825
Average Household Income	$114,786
% of Income for Mortgage⁴	25%
Per Capita Income	$54,660
Wealth Index⁵	124
Socioeconomic Status Index⁶	Moderate (58.6)

HOUSING
Total HU (Housing Units)	71 (100%)
Owner Occupied HU	61 (85.9%)
Renter Occupied HU	9 (12.7%)
Vacant Housing Units	1 ( 1.4%)
Median Home Value	$312,500
Average Home Value	$318,443
Housing Affordability Index³	103

HOUSEHOLDS
Total Households	70
Average Household Size	2.10
Family Households	49
Average Family Size	2.00

HOUSING

Total HU (Housing Units)

71 (100%)

Owner Occupied HU

61 (85.9%)

Renter Occupied HU

9 (12.7%)

Vacant Housing Units

1 ( 1.4%)

Median Home Value

$312,500

Average Home Value

$318,443

Housing Affordability Index³

103

HOUSEHOLDS

Total Households

Average Household Size

2.10

Family Households

Average Family Size

2.00

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.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	0.32%	0.00%
Households	0.34%	0.28%
Families		-1.69%
Median Household Income		0.77%
Per Capita Income		3.41%
Owner Occupied HU		0.65%

GROWTH RATE / YEAR

2020-2024

2024-2029

Population

0.32%

0.00%

Households

0.34%

0.28%

Families

-1.69%

Median Household Income

0.77%

Per Capita Income

3.41%

Owner Occupied HU

0.65%

Flat Rock, IN - Peer Comparisons by Rank and Percentile

The table below compares Flat Rock 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.

Variable Description	Rank	Percentile
Total Population	# 740	24th
Population Density	# 688	30th
Median Household Income	# 299	69th
Housing Affordability Index	# 324	33rd
Per Capita Income	# 57	94th
Diversity Index	# 600	39th

Variable Description

Rank

Percentile

Total Population

# 740

24th

Population Density

# 688

30th

Median Household Income

# 299

69th

Housing Affordability Index

# 324

33rd

Per Capita Income

# 57

94th

Diversity Index

# 600

39th

Indiana Census Data Comparison Tool

Flat Rock, IN Profile: Facts & Data

Flat Rock, Indiana - Basic Facts

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

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Flat Rock, IN - Peer Comparisons by Rank and Percentile

Flat Rock, IN - Most Popular Things to Do

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Shelby County