| ZIP Code | 47588 |
|---|---|
| City | Troy |
| State | Indiana (IN) |
| County | Spencer County |
| Area Code | 812/930 |
| Elevation | 423 ft |
| Latitude | 38.02871 |
|---|---|
| Longitude | -86.804334 |
| Timezone | Indiana/Indianapolis (DST) |
| FIPS | 18123 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 32.7 yrs ↓ 33% since 2019 |
|---|---|
| Avg Household Size | 2.79 |
| Below Poverty | 4.9% ▼ 51% below avg |
| College Grads | 34.0% ▼ 12% below avg |
| Unemployment | 2.4% ▼ 50% below avg |
| No HS Diploma | 4 (0.8%) |
| HS Graduate | 149 (31.4%) |
| Some College | 56 (11.8%) |
| Associates | 104 (21.9%) |
| Bachelors | 65 (13.7%) |
| Graduate Degree | 96 (20.3%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $59,096 ▼ 23% below avg |
|---|---|
| Median Home Value | $112,800 ▼ 60% below avg ↑ 6% since 2019 |
| Home/Income Ratio | 1.9x (nat avg ~3.5x) |
| Median Rent | $906/mo ↑ 21% since 2019 |
| Total Units | 377 |
| Vacant Units | 61 |
| Avg HH Size | 2.79 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 377 |
|---|---|
| Vacant | 61 |
| Owner Occupied | 88.0% |
| Renter Occupied | 12.0% |
| Avg HH Size | 2.79 |
ZIP code 47588 is located in Troy, Indiana, within Spencer County. With a population of 881, this is a sparsely populated ZIP code with a relatively young community — the median age is 32.7 years. Economically, 47588 is a solidly middle-class ZIP code: the median household income of $59,096 is below the national average.
Real estate in ZIP code 47588 represents one of the more affordable housing markets in the country. The median home value of $112,800 is well below the national average. Renters can expect to pay around $906 per month in median rent. Homeownership is strong here — 88.0% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 6% since 2019.
The population of 47588 is primarily White (96.59%). Residents are moderately educated — 34.0% hold a bachelor's degree or higher, which is near the national average. Poverty affects a relatively small share of residents at 4.9%.
The unemployment rate in 47588 stands at 2.4%, which is well below the national average. About 11% of workers are remote. As in most parts of the country, driving alone is the dominant commute mode at 81%.
Overall, ZIP code 47588 in Troy, IN is characterized as solidly middle-class, moderately educated, a relatively young community, and predominantly owner-occupied. With 881 residents, a median household income of $59,096, and a median home value of $112,800, it offers a clear picture of life in this part of Indiana.