47362 ZIP Code Demographics & Rankings

ZIP Code Type: STANDARD
County: Henry County
Centroid: Latitude 39.92, Longitude -85.34
Time Zone: Eastern Time Zone (UTC -5 hours)
Observes DST: Yes

ZIP Code 47362 has segments in 2 Counties (Henry, Wayne).

Businesses Addresses: 890
PO Box Addresses: 233
Residential Addresses: 11,871

Multi-Family Addresses: 719
Single Family Addresses: 11,152

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

New Castle, IN 47362 Data & Demographics (As of July 1, 2020)

POPULATION
Total Population	29,929 (100%)
Population in Households	26,468 (88.4%)
Population in Families	20,859 (69.7%)
Population in Group Quarters¹	3,461 (11.6%)
Population Density	213
Diversity Index²	19


INCOME
Median Household Income	$44,671
Average Household Income	$57,441
% of Income for Mortgage⁴	9%
Per Capita Income	$21,954
Wealth Index⁵	54

HOUSING
Total HU (Housing Units)	12,931 (100%)
Owner Occupied HU	7,256 (56.1%)
Renter Occupied HU	3,985 (30.8%)
Vacant Housing Units	1,690 (13.1%)
Median Home Value	$90,403
Average Home Value	$127,715
Housing Affordability Index³	285

HOUSEHOLDS
Total Households	11,241
Average Household Size	2.35
Family Households	7,125
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.

New Castle, IN 47362 - Peer Comparisons by Rank and Percentile

The table below compares 47362 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	-0.04%	-0.18%
Households	-0.24%	-0.21%
Families	-0.43%	-0.33%
Median Household Income		1.09%
Per Capita Income		1.45%
Owner Occupied HU		-0.27%

Variable Description	Rank	Percentile
Total Population	# 65	92nd
Population Density	# 272	65th
Median Household Income	# 666	14th
Housing Affordability Index	# 550	71st
Per Capita Income	# 683	12th
Diversity Index	# 236	70th

New Castle, IN 47362 ZIP Code Profile

ZIP Code 47362: Basic Data & USPS Preferred City Name

New Castle, IN 47362 Data & Demographics (As of July 1, 2020)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

New Castle, IN 47362 - Peer Comparisons by Rank and Percentile

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