Troy, IN 47588 ZIP Code Profile

Related Place Profiles:
Huffman, IN
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ZIP Code 47588: Basic Data & USPS Preferred City Name

Preferred Name, USPS
Troy, IN 47588

Not Acceptable, USPS
Huffman, IN 47588

  • ZIP Code Type: STANDARD
  • County: Spencer County
  • Centroid: Latitude 37.996, Longitude -86.802
  • Time Zone: Central Time Zone (UTC -6 hours)
  • Observes DST: Yes

ZIP Code 47588 has segments in 2 Counties (Perry, Spencer).

  • Businesses Addresses: 23
  • PO Box Addresses: 181
  • Residential Addresses: 115
    • Multi-Family Addresses: 0
    • Single Family Addresses: 115

The ZIP Code maps and database are updated 4 times per year.
Database updated: August 1, 2019, Maps updated: August 2, 2019.

Jump to... (On This Page!)
  1. 47588 2019 Demographic Data
  2. Growth Rates for 47588 (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Indiana Research Tools (Easy Tools & Current Data)
  3. Indiana Data Comparison Tool - 2019 Demographics

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Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2019, data includes home values, household income, percentage of homes owned, rented or vacant, etc.



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Troy, IN 47588 Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

Troy, IN 47588 Housing Affordability Index is 216
State of Indiana Housing Affordability Index is 180
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.

WEALTH INDEX

Troy, IN 47588 Wealth Index is 70
State of Indiana Wealth Index is 81
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.

These new demographic attributes are availiable for cities, Counties, ZIP Codes and even neighborhoods (Census Blocks) when you search by a specific Indiana address.

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  1. New 2-Minute Introduction and Concise Guide to Big Data which will help you make the most effective use of HomeTownLocator Tools.
  2. References & Data Sources page for more information about methodology and sources of data.

POPULATION

Total Population 583
Population in Households 582
Population in Familes 495
Population in Group Qrtrs 1
Population Density 44
Diversity Index1 6
 

INCOME

Median Household Income $52,058
Average Household Income $65,798
Per Capita Income $27,539
Wealth Index3 70

HOUSING

Total Housing Units 287 (100%)
Owner Occupied HU 207 (72.1%)
Renter Occupied HU 37 (12.9%)
Vacant Housing Units 43 (15.0%)
Median Home Value $136,574
Housing Affordability Index2 216
 

HOUSEHOLDS

Total Households 244
Average Household Size 2.39
Family Households 175
Average Family Size 3
NOTES
  1. 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 race 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.
  2. 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.
  3. 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.

GROWTH RATE / YEAR

2010-2019 2019-2024
Population 0.34% 0.27%
Households 0.32% 0.16%
Families 0.19% 0.11%
Median Household Income   1.96%
Per Capita Income   2.28%

Troy, IN 47588 - Peer Comparisons by Rank and Percentile

The table below compares 47588 to the other 781 ZIP Codes in Indiana by rank and percentile using July 1, 2019 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 # 661 15th
Population Density # 594 24th
Diversity Index # 680 14th
Median Household Income # 502 36th
Per Capita Income # 352 55th

Additional comparisons and rankings can be made with a VERY EASY TO USE Indiana Census Data Comparison Tool.


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