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ZipNumbers

Indiana · Census place 58320

Patoka town, IN

Quick answer

Patoka town has 887 residents, ranking #383 of 976 places in Indiana. Median household income is $61,136, the median home is worth $92,300 and median gross rent runs $886 a month.

Population
887Patoka town residents
Median household income
$61,136Past 12 months, inflation adjusted
Median home value
$92,300Owner-occupied units
Median gross rent
$886Rent plus utilities, monthly
Median age
33.4 yrsAll residents
Homeownership rate
76.7%Owner-occupied households

What the numbers mean in Patoka town

Housing cost measured against local earnings.

A household earning the Patoka town median would spend about 17.4% 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 1.5× the median household income; nationally that ratio sits near 4.5×. Poverty affects 19.7% of residents and 76.7% 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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