PlainZIP

Albany, IN · standard

ZIP Code 47320

Delaware County, Indiana - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.

4,134
48/sq mi
$69,764
Median income
$137,500
Median home value
17.2%
Bachelor's or higher

The verdict

Albany pairs a below-median household income with among the most affordable home values nationally, in a rural, homeowner-dominated area.

46th pct
household income, US ZIPs
22th pct
home value, US ZIPs
48
people per sq mi
85%
owner-occupied homes

Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 47320 against every reporting US ZIP.

ZIP code 47320 covers 86.7 square miles in Albany, Delaware County, Indiana (a standard USPS delivery area), with a modest 4,134 residents on file, a density of 48 people per square mile, in the Indiana/Indianapolis time zone.

ZIP 47320 reports a modest median household income of $69,764 (5% below the Indiana average), while per-capita income is $42,576. 7.4% of residents live below the poverty line, and the unemployment rate reads 1.9%. The typical home here is valued at $137,500 (29% below the state average); renters pay a median of $667 monthly, and 85.2% of units are owner-occupied.

Educational attainment sits below the national norm: 17.2% of adults hold a bachelor's degree or higher, the median age is 47.1, and the average commute is 29 minutes. Beyond these figures, 10 nearby ZIP codes within about 10 miles are surfaced below, along with 6 more sharing Delaware County, letting you compare 47320 to its immediate surroundings rather than a national baseline alone.

Every figure on this page is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates (including median rent) and the FHFA House Price Index, no estimates, no proprietary scoring. Verify with Census →

Top industries in ZIP 47320

Top 5 sectors by establishment count in Albany, IN

Which industries have the most business establishments in ZIP 47320.

establishments

What this shows Establishment counts come from the Census ZIP Code Business Patterns program, which counts physical business locations rather than employees or revenue.

Source U.S. Census Bureau · ZIP Code Business Patterns (ZBP) As of 2023

Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + FHFA HPI ACS demographics and median rent, ZBP business establishments, FHFA HPI for ZIP 47320, Albany, IN · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; FHFA HPI updated quarterly/annually.

Quick Facts

4,134

Population

86.7

Area (sq mi)

48

People / sq mi

Indiana/Indianapolis

Time Zone

standard

ZIP Type

Neighborhood Scorecard
Get an A-F grade across income, safety, housing, rent, education, commute, and childcare for this ZIP code.
View Scorecard →

Who lives in ZIP 47320?

47.1

Median Age

46.1%

Male

53.9%

Female

0.5%

Foreign-Born

White 97.6%
African American 0.1%
Asian 0.3%
American Indian or Alaska Native 0.0%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 1.3%
Hispanic or Latino 1.8%

Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

How much do residents earn?

$69,764

Median Household Income

-5% vs state

$42,576

Per Capita Income

7.4%

Poverty Rate

1.9%

Unemployment Rate

28.7 min

Mean Commute Time

How ZIP 47320 ranks nationally

Albany, IN household income vs. every US ZIP code

Median household income, the full national distribution, with this ZIP marked

$69,764 46th percentile higher than 46% of 30,318 US ZIPs

$0–$20,000: 118 US ZIPs (0%). Below this entry. $20,000–$40,000: 1,573 US ZIPs (5%). Below this entry. $40,000–$60,000: 7,092 US ZIPs (23%). Below this entry. $60,000–$80,000: 9,980 US ZIPs (33%). This entry sits in this band. $80,000–$100,000: 5,778 US ZIPs (19%). Above this entry. $100,000–$120,000: 2,855 US ZIPs (9%). Above this entry. $120,000–$140,000: 1,362 US ZIPs (4%). Above this entry. $140,000–$160,000: 686 US ZIPs (2%). Above this entry. $160,000–$180,000: 364 US ZIPs (1%). Above this entry. $180,000–$200,000: 186 US ZIPs (1%). Above this entry. $200,000–$220,000: 324 US ZIPs (1%). Above this entry. This ZIP $0 $200K+ every reporting US ZIP, bucketed by value

Each bar is a $20K-wide band; taller bars hold more US ZIPs. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.

Source U.S. Census Bureau, ACS 5-Year Estimates · 2019–2023

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What is the education profile here?

High School Graduate or Higher 64.5%
Bachelor's Degree or Higher 17.2%

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What does housing look like?

2,250

Total Housing Units

1,970

Occupied Units

280

Vacant Units

2.27

Avg Household Size

Occupancy Type

Owner 85.2%
Renter 14.8%

$137,500

Median Home Value

-29% vs state

$667

Median Rent

1967

Median Year Built

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

How have home values changed over time?

FHFA House Price Index, annual appreciation data based on repeat sales and appraisals

+15.9%

YoY Change (2024)

209

HPI Index (2000 = 100)

+109%

Total Change Since 2000

Home values in ZIP 47320 have increased 15.9% over the past year (2024). Since 2000, this ZIP has seen +109% cumulative appreciation.

Year Annual Change HPI Index
2020 -2.8% 124
2021 +14.3% 142
2022 +24.6% 176
2023 +2.3% 181
2024 +15.9% 209

Source: Federal Housing Finance Agency (FHFA) House Price Index, All-Transactions, Five-Digit ZIP Codes (Developmental Index). Index base = 100 in year 2000. Data through 2024. ZIP codes with few transactions may show missing values.

What businesses operate in this ZIP?

Census Bureau data shows 61 business establishments in ZIP 47320, employing approximately 553 people with a combined annual payroll of $16,256,000.

61

Businesses

553

Employees

$16.3M

Annual Payroll

8

Industry Sectors

Industry Establishments % of Total
Retail trade 13 21.3%
Construction 8 13.1%
Accommodation and food services 8 13.1%
Health care and social assistance 7 11.5%
Other services (except public administration) 5 8.2%
Manufacturing 4 6.6%
Professional, scientific, and technical services 3 4.9%
Arts, entertainment, and recreation 3 4.9%

Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.

Nearby ZIP Codes

Want a side-by-side? Compare 47320 vs 47303 →

ZIP 47320 vs its nearest neighbors, by population

Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.

residents

What this shows Among its immediate neighbors, ZIP 47320 ranks #4 by population - useful context the national average alone can't give.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023

ZIP 47320 vs its nearest neighbors, by median income

Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.

median income

What this shows By household income, ZIP 47320 ranks #2 of 9 neighboring ZIPs, local affluence varies block to block, not just metro to metro.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023
ZIP Code City Population Distance
47303 Muncie, IN 25,365 5.9 mi
47383 Selma, IN 2,960 9.0 mi
47338 Eaton, IN 2,827 5.8 mi
47368 Parker City, IN 2,845 7.4 mi
47373 Redkey, IN 2,226 7.1 mi
47336 Dunkirk, IN 3,807 8.7 mi
47305 Muncie, IN 4,106 8.6 mi
47306 Muncie, IN 6,189 9.0 mi
47340 Farmland, IN 2,914 9.8 mi
47302 Muncie, IN 27,592 11.8 mi

More ZIP Codes in Delaware County

47304 standard
Muncie, IN
Pop: 30,516
47302 standard
Muncie, IN
Pop: 27,592
47303 standard
Muncie, IN
Pop: 25,365
47396 standard
Yorktown, IN
Pop: 7,030
47306 standard
Muncie, IN
Pop: 6,189
47305 standard
Muncie, IN
Pop: 4,106

Related Areas

Delaware County Albany, IN Indiana

Frequently Asked Questions

What county is ZIP code 47320 in? ▼
ZIP code 47320 (Albany) is located in Delaware County, Indiana. Delaware County contains multiple ZIP codes, see the full list at /counties/delaware-in.
What is the population of ZIP code 47320? ▼
ZIP code 47320 in Albany, IN has a population of 4,134 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 47320? ▼
The median household income in ZIP 47320 is $69,764, which is 9% below the national average of $76,288.
What is the average home value in ZIP 47320? ▼
The median home value in ZIP 47320 is $137,500, which is 51% below the national average of $278,155.
What is the demographic makeup of ZIP 47320? ▼
The largest racial group in ZIP 47320 is White at 97.6%. Hispanic or Latino residents make up 1.8% of the population.
How many businesses are in ZIP code 47320? ▼
ZIP code 47320 has 61 business establishments employing approximately 553 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 47320? ▼
The top industries by establishment count in ZIP 47320 are: Retail trade (13), Construction (8), Accommodation and food services (8). There are 8 industry sectors represented in total.
How have home values changed in ZIP code 47320? ▼
According to the FHFA House Price Index, home values in ZIP 47320 increased by 15.9% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 109%. This is a developmental index based on repeat sales and appraisal data from Fannie Mae and Freddie Mac.
What is the education level in ZIP code 47320? ▼
In ZIP code 47320, 64.5% of residents aged 25+ have a high school diploma or higher, and 17.2% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What is the average commute time in ZIP 47320? ▼
The mean commute time for workers in ZIP code 47320 is 28.7 minutes according to Census ACS data. The national average is roughly 26 minutes, so commuters here spend more time traveling to work than typical.
What percentage of residents own vs. rent in ZIP 47320? ▼
In ZIP code 47320, approximately 85.2% of occupied housing units are owner-occupied and 14.8% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 47320? ▼
The poverty rate in ZIP code 47320 is 7.4% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.

Read our methodology to see how this data is sourced, computed, and verified.