What is the population of Oolitic town?

Oolitic town has 1,461 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #279 of 976 in Indiana.

What is the median household income in Oolitic town?

Median household income in Oolitic town is $61,696 a year, 21.4% below the national figure of $78,538.

How much does it cost to rent or buy in Oolitic town?

Median gross rent is $681 a month and the median home value is $141,700, so rent absorbs about 13.2% of median household income.

Is Oolitic town affordable compared with the rest of the US?

Homes cost about 2.3× the local median income here versus roughly 3.9× nationally, so Oolitic town is more affordable to buy in than the typical US market, and rent takes 13.2% of median income against the 30% cost-burden line.

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Indiana · Census place 56682

Oolitic, IN population, income and ZIP codes

Quick answer

The population of the city of Oolitic, Indiana (Oolitic, IN — Census place “Oolitic town”) is 1,461 residents, ranking #279 of 976 places in Indiana. Median household income is $61,696, the median home is worth $141,700 and median gross rent runs $681 a month. Looking for the Oolitic Indiana ZIP code list? 1 ZIP codes serve Oolitic, IN: 47451.

Population: 1,461Oolitic town residents
Median household income: $61,696Past 12 months, inflation adjusted
Median home value: $141,700Owner-occupied units
Median gross rent: $681Rent plus utilities, monthly
Median age: 43.7 yrsAll residents
Homeownership rate: 67.2%Owner-occupied households

Oolitic ZIP codes (Indiana)

Census ZCTAs whose delivery area overlaps Oolitic.

The Oolitic IN ZIP code list below covers 1 ZIP code. Open any one for its population, income, housing and rent profile.

47451

What the numbers mean in Oolitic town

Housing cost measured against local earnings.

A household earning the Oolitic town median would spend about 13.2% 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 2.3× the median household income; nationally that ratio sits near 4.5×. Poverty affects 5.1% of residents and 67.2% of households own their home.

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

Oolitic town, IN in context

How this area compares with national benchmarks.

Oolitic town is a small town in Indiana, with 1,461 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #279 of 976 ranked by population — larger than 71% of them. The median age here is 43.7 years against 39.1 nationally, a slightly older profile than the country as a whole. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.

Households in Oolitic town earn a median of $61,696 a year, 21.4% below the national figure of $78,538 and within a couple of points of the $61,527 median for the 355 Indiana cities we cover. Household income here is measured before tax and pooled across everyone at the address, which is why it reads higher than typical individual earnings in the same area. Poverty reaches 5.1% of residents here, less than half the 12.4% national rate.

The typical owner-occupied home in Oolitic town is valued at $141,700, 53.3% below the national figure and 3% below the $145,600 peer median, while median gross rent runs $681 a month, 51.6% below the national figure, or roughly $8,172 across a full year. A household on the local median income would put about 13.2% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is cheap relative to what people here earn. The home-price-to-income ratio works out to 2.3×, against roughly 3.9× nationally, so purchase prices are unusually low against local pay, the pattern in places where supply is plentiful and wage growth has been flat. 67.2% of occupied homes are owner-occupied versus 65% nationally, so the market leans toward owners. The rent line includes utilities paid by the tenant, a definition worth remembering when comparing it against a landlord's quoted rate.

All values below were released by the Census for this exact geography, with no gap-filling on our side. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.

Compare with nearby places

Places of similar size in Indiana.

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Frequently asked questions

Common questions about this area.

What is the population of Oolitic town?: Oolitic town has 1,461 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #279 of 976 in Indiana.
What is the median household income in Oolitic town?: Median household income in Oolitic town is $61,696 a year, 21.4% below the national figure of $78,538.
How much does it cost to rent or buy in Oolitic town?: Median gross rent is $681 a month and the median home value is $141,700, so rent absorbs about 13.2% of median household income.
Is Oolitic town affordable compared with the rest of the US?: Homes cost about 2.3× the local median income here versus roughly 3.9× nationally, so Oolitic town is more affordable to buy in than the typical US market, and rent takes 13.2% of median income against the 30% cost-burden line.
How current is this Oolitic town data?: All figures come from the US Census Bureau American Community Survey 2019-2023 ACS 5-year five-year estimates. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.