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Daviess County · Indiana

ZIP code 47562

Population, income, housing costs and the sales tax rate charged on purchases inside ZIP 47562 — Census 2019-2023 ACS 5-year, no modelled estimates.
Population
5,332

ZCTA residents

Median income
$70,896

Household, past 12 months

Median home
$195,600

Owner-occupied value

Sales tax
7%

Indiana state rate

Quick answer

ZIP 47562 sits in Daviess County, Indiana and is home to 5,332 people. Median household income is $70,896, the median home is worth $195,600 and median gross rent is $553. 80.4% of households own their home, and purchases are taxed at 7% (Indiana state rate).

County
Daviess County

FIPS 18027

State
Indiana (IN)

807 ZIPs covered

Area codes
Not published

No NANPA match for this ZIP

Metro area
Outside covered metros

Rate jurisdiction used for tax

The numbers for 47562

American Community Survey 2019-2023 ACS 5-year estimates for this ZCTA.

Population
5,332ZIP 47562 residents
Median household income
$70,896Past 12 months, inflation adjusted
Median home value
$195,600Owner-occupied units
Median gross rent
$553Rent plus utilities, monthly
Median age
29.6 yrsAll residents
Homeownership rate
80.4%Owner-occupied households

ZIP 47562 in context

How this area compares with national benchmarks.

ZIP 47562 is a mid-size town in Daviess County, Indiana, with 5,332 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #291 of 807 ranked by population — larger than 64% of them. The median age here is 29.6 years against 39.1 nationally, a distinctly younger profile, typical of places with students, military posts or a fast-growing family population. Places under 65,000 residents only appear in the five-year release, never the one-year file, so these values pool sixty months of responses and lag the current year by design.

Households in ZIP 47562 earn a median of $70,896 a year, 9.7% below the national figure of $78,538. Median household income counts every pre-tax dollar arriving at an address — wages, self-employment, Social Security, pensions, interest and public assistance — for everyone living there, so multi-earner households pull the figure up even where individual pay is modest. Poverty reaches 5.3% of residents here, less than half the 12.4% national rate.

The typical owner-occupied home in ZIP 47562 is valued at $195,600, 35.5% below the national figure, while median gross rent runs $553 a month, 60.7% below the national figure, or roughly $6,636 across a full year. A household on the local median income would put about 9.4% 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 2.8×, against roughly 3.9× nationally, so buying is easier here than in the average US market. 80.4% of occupied homes are owner-occupied versus 65% nationally, an owner-dominated market where rental listings are scarce and rent medians rest on a thin sample. Rent is reported gross — contract rent plus tenant-paid utilities — which is why it runs above the advertised price on a listing for the same unit.

A median age of 29.6 means a large student or early-career population; income medians in places like this understate household resources, since many residents are supported from outside the address.

No figure on this page is estimated by us; each one comes straight from the published ACS tables for this area. 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.

Reading ZIP 47562 in context

How 47562 sits inside Daviess County and Indiana.

ZIP 47562 is tabulated inside Daviess County, Indiana, one of 6 ZIP areas the Census publishes for that county and 807 across Indiana. Population sits in the small-town band, typically one main street plus the addresses that feed into it. County assignment on this page follows the largest share of the ZIP's land area, which matters where a delivery route crosses a county line: mail addressed to 47562 can be handled by a post office in a neighbouring county even though the tabulation area is filed here.

Against its own county, 47562 reports a median household income of $70,896, 3% below the $72,823 county median, and 3% above the $68,990 typical IN ZIP. Owner-occupied homes are valued at a median of $195,600, 11% above the county figure and 16% above the statewide ZIP median. Rent is reported gross — the contract amount plus tenant-paid utilities — at $553 a month, which is why it reads higher than the advertised rent on a listing for the same unit.

Indiana charges 7% statewide, and no local sales tax is layered on top, so the state rate is the full amount collected in 47562.

Everything above comes from the Census Bureau American Community Survey 2019-2023 ACS 5-year estimates for this ZIP Code Tabulation Area, with sales tax rates traced to the state revenue agency. Five-year estimates pool sixty months of responses, so they are stable enough to compare 47562 with its neighbours but always trail the current year, and any value the Census suppressed for sample size is shown as unpublished rather than filled in with a model.

Sales tax in 47562

What a purchase inside this ZIP costs at checkout.

Rate applied
7%State base rate only
Tax on $100
$7Rounded to the dollar
Tax on $1,000
$70Before any exemptions

Indiana levies 7% statewide with no local add-ons. Check the county page for the local component before you quote a price.

Affordability in this ZIP

Derived from the Census medians above — indicative, not an offer.

Rent burden
9%Median rent ÷ median income
Price-to-income
2.8×Home value ÷ household income
Est. mortgage
$1,015/mo20% down, 30-yr at 6.75%
Poverty rate
5.3%Residents below poverty line

A rent burden above 30% is the federal threshold for cost-burdened households, and a price-to-income multiple above 4× is generally considered a stretched housing market. The mortgage figure is principal and interest only — taxes, insurance and HOA dues are extra.

How 47562 compares

ZIP 47562 against the median ZIP in Daviess County and across Indiana.

MeasureZIP 47562County medianState medianvs state
Median household income$70,896$72,823$68,990+3%
Median home value$195,600$175,600$168,100+16%
Median gross rent$553$804$895-38%
Population5,3323,1962,793+91%

Medians are computed across the 6 ZIP areas in Daviess County and the 807 ZIP areas in Indiana.

Statewide rank

Where this ZIP places among all 807 Indiana ZIP areas.

Income

richer than 54% of 734 state ZIPs

#339
Home value

above 68% of 733 state ZIPs

#233
Population

larger than 64% of 807 state ZIPs

#291

Comparable ZIP codes

Indiana ZIP areas with almost the same household income.

ZIPCountyIncomeHome valueRent
46135Putnam County$70,847$200,900$902
46580Kosciusko County$70,978$175,700$963
46614St. Joseph County$70,998$174,900$886
46069Hamilton County$70,784$243,400$861
47452Orange County$71,031$168,000$848
46919Grant County$71,033$145,100$758

Nearby ZIP codes

Other ZIP codes filed under Daviess County.

Adjacent ZIP Codes

Other ZIP codes in Daviess County, Indiana.

ZIP 47562 questions

Common questions about this ZIP code.

Where is ZIP code 47562?
ZIP 47562 lies mostly in Daviess County, Indiana. County assignment follows the largest share of land area, so a ZIP straddling a county line is filed under its dominant county.
What sales tax do I pay in 47562?
Indiana charges 7% statewide.
Is 47562 expensive to live in?
Median rent runs $553 a month, about 9% of median household income, and the median home is worth $195,600 — +16% against the typical Indiana ZIP.
Is a ZCTA the same as a postal ZIP code?
Not exactly. The Census builds ZIP Code Tabulation Areas from the ZIP codes of addresses inside each census block, so a ZCTA can differ slightly from the USPS delivery route of the same number, and PO-box-only ZIPs have no ZCTA at all.

Related pages for this area.

Sources & transparency

Every figure on this page is a published estimate for ZIP Code Tabulation Area 47562, except the affordability ratios and mortgage estimate, which we derive from those medians and label as estimates.

Last reviewed December 2024. Figures are published for reference and can change; verify with the source agency before filing or contracting. How we build and check this data.