47346 ZIP Code Demographics & Rankings

ZIP Code Type: STANDARD
County: Wayne County
Centroid: Latitude 39.927, Longitude -85.154
Time Zone: Eastern Time Zone (UTC -5 hours)
Observes DST: Yes

ZIP Code 47346 has segments in 2 Counties (Henry, Wayne).

Businesses Addresses: 114
PO Box Addresses: 46
Residential Addresses: 1,577

Multi-Family Addresses: 29
Single Family Addresses: 1,548

The ZIP Code maps and database are updated 4 times per year.
Database updated: January 1, 2021, Maps updated: November 4, 2020.

Hagerstown, IN 47346 Data & Demographics (As of July 1, 2020)

POPULATION
Total Population	3,762 (100%)
Population in Households	3,762 (100.0%)
Population in Families	3,110 (82.7%)
Population in Group Quarters¹	0
Population Density	95
Diversity Index²	9


INCOME
Median Household Income	$55,225
Average Household Income	$72,680
% of Income for Mortgage⁴	8%
Per Capita Income	$28,960
Wealth Index⁵	83

HOUSING
Total HU (Housing Units)	1,678 (100%)
Owner Occupied HU	1,188 (70.8%)
Renter Occupied HU	311 (18.5%)
Vacant Housing Units	179 (10.7%)
Median Home Value	$105,285
Average Home Value	$131,923
Housing Affordability Index³	304

HOUSEHOLDS
Total Households	1,499
Average Household Size	2.51
Family Households	1,037
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.

Hagerstown, IN 47346 - Peer Comparisons by Rank and Percentile

The table below compares 47346 to the other 772 ZIP Codes 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	-0.3%	-0.39%
Households	-0.37%	-0.4%
Families	-0.52%	-0.51%
Median Household Income		1.27%
Per Capita Income		2.08%
Owner Occupied HU		-0.44%

Variable Description	Rank	Percentile
Total Population	# 360	53rd
Population Density	# 391	49th
Median Household Income	# 416	46th
Housing Affordability Index	# 610	79th
Per Capita Income	# 280	64th
Diversity Index	# 541	31st

Hagerstown, IN 47346 ZIP Code Profile

ZIP Code 47346: Basic Data & USPS Preferred City Name

Hagerstown, IN 47346 Data & Demographics (As of July 1, 2020)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Hagerstown, IN 47346 - Peer Comparisons by Rank and Percentile

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