| ZIP Code | 47320 |
|---|---|
| City | Albany |
| State | Indiana (IN) |
| County | Delaware County |
| Area Code | 765 |
| Elevation | 945 ft |
| Latitude | 40.271703 |
|---|---|
| Longitude | -85.272799 |
| Timezone | Indiana/Indianapolis (DST) |
| FIPS | 18035 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 48.2 yrs |
|---|---|
| Avg Household Size | 2.30 |
| Below Poverty | 7.3% ▼ 27% below avg |
| College Grads | 26.7% ▼ 31% below avg |
| Unemployment | 3.7% ▼ 24% below avg |
| No HS Diploma | 13 (0.4%) |
| HS Graduate | 1,486 (46%) |
| Some College | 499 (15.4%) |
| Associates | 369 (11.4%) |
| Bachelors | 342 (10.6%) |
| Graduate Degree | 521 (16.1%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $68,244 ▼ 11% below avg ↑ 25% since 2019 |
|---|---|
| Median Home Value | $120,300 ▼ 57% below avg ↑ 36% since 2019 |
| Home/Income Ratio | 1.8x (nat avg ~3.5x) |
| Median Rent | $669/mo ↑ 2% since 2019 |
| Total Units | 2,176 |
| Vacant Units | 261 |
| Avg HH Size | 2.30 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 2,176 |
|---|---|
| Vacant | 261 |
| Owner Occupied | 87.2% |
| Renter Occupied | 12.9% |
| Avg HH Size | 2.30 |
ZIP code 47320 is located in Albany, Indiana, within Delaware County. With a population of 4,486, this is a lightly populated ZIP code with a mature community — the median age is 48.2 years. Economically, 47320 is a solidly middle-class ZIP code: the median household income of $68,244 is near the national average.
Real estate in ZIP code 47320 represents one of the more affordable housing markets in the country. The median home value of $120,300 is well below the national average. Renters can expect to pay around $669 per month in median rent. Homeownership is strong here — 87.2% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 36% since 2019.
The population of 47320 is primarily White (97.08%). Residents are moderately educated — 26.7% hold a bachelor's degree or higher, which is below the national average. Poverty affects a relatively small share of residents at 7.3%. Household income has grown by 25% since 2019.
The unemployment rate in 47320 stands at 3.7%, which is below the national average. As in most parts of the country, driving alone is the dominant commute mode at 86%.
Overall, ZIP code 47320 in Albany, IN is characterized as solidly middle-class, moderately educated, a mature community, and predominantly owner-occupied. With 4,486 residents, a median household income of $68,244, and a median home value of $120,300, it offers a clear picture of life in this part of Indiana.