| ZIP Code | 47362 |
|---|---|
| City | New Castle |
| State | Indiana (IN) |
| County | Henry County |
| Area Code | 765 |
| Elevation | 978 ft |
| Latitude | 39.932041 |
|---|---|
| Longitude | -85.369568 |
| Timezone | Indiana/Indianapolis (DST) |
| FIPS | 18065 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 42.8 yrs |
|---|---|
| Avg Household Size | 2.43 |
| Below Poverty | 12.9% ▲ 29% above avg |
| College Grads | 25.4% ▼ 34% below avg |
| Unemployment | 4.3% ▼ 12% below avg |
| No HS Diploma | 267 (1.4%) |
| HS Graduate | 7,393 (37.9%) |
| Some College | 3,915 (20%) |
| Associates | 2,993 (15.3%) |
| Bachelors | 1,871 (9.6%) |
| Graduate Degree | 3,088 (15.8%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $56,564 ▼ 26% below avg ↑ 23% since 2019 |
|---|---|
| Median Home Value | $131,800 ▼ 53% below avg ↑ 38% since 2019 |
| Home/Income Ratio | 2.3x (nat avg ~3.5x) |
| Median Rent | $792/mo ↑ 12% since 2019 |
| Total Units | 12,523 |
| Vacant Units | 1,694 |
| Avg HH Size | 2.43 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 12,523 |
|---|---|
| Vacant | 1,694 |
| Owner Occupied | 73.4% |
| Renter Occupied | 26.6% |
| Avg HH Size | 2.43 |
ZIP code 47362 is located in New Castle, Indiana, within Henry County. With a population of 29,442, this is a moderately populated ZIP code with a middle-aged community — the median age is 42.8 years. Economically, 47362 is a solidly middle-class ZIP code: the median household income of $56,564 is below the national average.
Real estate in ZIP code 47362 represents one of the more affordable housing markets in the country. The median home value of $131,800 is well below the national average. Renters can expect to pay around $792 per month in median rent. Homeownership is strong here — 73.4% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 38% since 2019.
The population of 47362 is primarily White (90.18%). Residents are moderately educated — 25.4% hold a bachelor's degree or higher, which is below the national average. Poverty affects some residents at 12.9%. Household income has grown by 23% since 2019.
The unemployment rate in 47362 stands at 4.3%, which is near the national average. As in most parts of the country, driving alone is the dominant commute mode at 79%.
Overall, ZIP code 47362 in New Castle, IN is characterized as solidly middle-class, moderately educated, a middle-aged community, and predominantly owner-occupied. With 29,442 residents, a median household income of $56,564, and a median home value of $131,800, it offers a clear picture of life in this part of Indiana.