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ZipNumbers

Indiana · Census place 22792

Farmland town, IN

Quick answer

Farmland town has 1,345 residents, ranking #295 of 976 places in Indiana. Median household income is $41,516, the median home is worth $92,900 and median gross rent runs $826 a month.

Population
1,345Farmland town residents
Median household income
$41,516Past 12 months, inflation adjusted
Median home value
$92,900Owner-occupied units
Median gross rent
$826Rent plus utilities, monthly
Median age
32.1 yrsAll residents
Homeownership rate
53%Owner-occupied households

What the numbers mean in Farmland town

Housing cost measured against local earnings.

A household earning the Farmland town median would spend about 23.9% 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 2.2× the median household income; nationally that ratio sits near 4.5×. Poverty affects 20.1% of residents and 53% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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