Indiana · Census place 00640
Advance town, IN
Quick answer
Advance town has 418 residents, ranking #551 of 976 places in Indiana. Median household income is $65,000, the median home is worth $164,800 and median gross rent runs $1,014 a month.
- Population
- 418Advance town residents
- Median household income
- $65,000Past 12 months, inflation adjusted
- Median home value
- $164,800Owner-occupied units
- Median gross rent
- $1,014Rent plus utilities, monthly
- Median age
- 47 yrsAll residents
- Homeownership rate
- 83.5%Owner-occupied households
What the numbers mean in Advance town
Housing cost measured against local earnings.
A household earning the Advance town median would spend about 18.7% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.5× the median household income; nationally that ratio sits near 4.5×. Poverty affects 8.1% of residents and 83.5% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Indiana.
- Amo town 426
- Larwill town 421
- St. Joe town 420
- Mooreland town 417
- Carrollton CDP 411
- Clear Lake town 409
- Liberty Center CDP 409
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