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Posey County · Indiana

ZIP code 47620

Population, income, housing costs and the sales tax rate charged on purchases inside ZIP 47620 — Census 2019-2023 ACS 5-year, no modelled estimates.
Population
12,533

ZCTA residents

Median income
$74,869

Household, past 12 months

Median home
$215,600

Owner-occupied value

Sales tax
7%

Indiana state rate

Quick answer

ZIP 47620 sits in Posey County, Indiana and is home to 12,533 people. Median household income is $74,869, the median home is worth $215,600 and median gross rent is $755. 76.1% of households own their home, and purchases are taxed at 7% (Indiana state rate).

County
Posey County

FIPS 18129

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 47620

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

Population
12,533ZIP 47620 residents
Median household income
$74,869Past 12 months, inflation adjusted
Median home value
$215,600Owner-occupied units
Median gross rent
$755Rent plus utilities, monthly
Median age
43.5 yrsAll residents
Homeownership rate
76.1%Owner-occupied households

ZIP 47620 in context

How this area compares with national benchmarks.

ZIP 47620 is a mid-size town in Posey County, Indiana, with 12,533 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #184 of 807 ranked by population — larger than 77% of them. The median age here is 43.5 years against 39.1 nationally, a slightly older profile than the country as a whole. 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 47620 earn a median of $74,869 a year, 4.7% below the national figure of $78,538. This figure covers the household, not the worker: two people on ordinary wages at one address outrank a single professional in the same table. Poverty reaches 10.5% of residents here, below the 12.4% national rate.

The typical owner-occupied home in ZIP 47620 is valued at $215,600, 28.9% below the national figure, while median gross rent runs $755 a month, 46.3% below the national figure, or roughly $9,060 across a full year. A household on the local median income would put about 12.1% 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 2.9×, against roughly 3.9× nationally, so buying is easier here than in the average US market. 76.1% of occupied homes are owner-occupied versus 65% nationally, so the market leans toward owners. 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.

Every value on this page is published directly by the Census for this area — nothing is modelled or interpolated. 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 47620 in context

How 47620 sits inside Posey County and Indiana.

ZIP 47620 is tabulated inside Posey County, Indiana, one of 4 ZIP areas the Census publishes for that county and 807 across Indiana. This is a mid-sized ZIP that covers a large share of its county's addresses. 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 47620 can be handled by a post office in a neighbouring county even though the tabulation area is filed here.

Against its own county, 47620 reports a median household income of $74,869, 3% above the $73,003 county median, and 9% above the $68,990 typical IN ZIP. Owner-occupied homes are valued at a median of $215,600, 8% above the county figure and 28% above the statewide ZIP median. Rent is reported gross — the contract amount plus tenant-paid utilities — at $755 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 47620.

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 47620 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 47620

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
12%Median rent ÷ median income
Price-to-income
2.9×Home value ÷ household income
Est. mortgage
$1,119/mo20% down, 30-yr at 6.75%
Poverty rate
10.5%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 47620 compares

ZIP 47620 against the median ZIP in Posey County and across Indiana.

MeasureZIP 47620County medianState medianvs state
Median household income$74,869$73,003$68,990+9%
Median home value$215,600$199,950$168,100+28%
Median gross rent$755$815$895-16%
Population12,5333,0842,793+349%

Medians are computed across the 4 ZIP areas in Posey County and the 807 ZIP areas in Indiana.

Statewide rank

Where this ZIP places among all 807 Indiana ZIP areas.

Income

richer than 63% of 734 state ZIPs

#274
Home value

above 76% of 733 state ZIPs

#176
Population

larger than 77% of 807 state ZIPs

#184

Comparable ZIP codes

Indiana ZIP areas with almost the same household income.

ZIPCountyIncomeHome valueRent
47114Harrison County$74,844$238,700$863
47011Switzerland County$74,766$212,800—
47529Daviess County$74,750$127,700$763
46050Clinton County$75,000$183,200$953
46554St. Joseph County$75,043$189,400$855
46349Newton County$75,057$198,300$963

Nearby ZIP codes

Other ZIP codes filed under Posey County.

Adjacent ZIP Codes

Other ZIP codes in Posey County, Indiana.

ZIP 47620 questions

Common questions about this ZIP code.

Where is ZIP code 47620?
ZIP 47620 lies mostly in Posey 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 47620?
Indiana charges 7% statewide.
Is 47620 expensive to live in?
Median rent runs $755 a month, about 12% of median household income, and the median home is worth $215,600 — +28% 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 47620, 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.