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 Moderate-density area
- $69,764
- Median income Near-median income area
- $137,500
- Median home value Below-median home value
- 17.2%
- Bachelor's or higher Below-average bachelor's attainment
National ZIP placement
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
- 22nd 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.
FHFA HPI release change
What changed in the latest House Price Index year
- FHFA House Price Index values in ZIP 47320 (Albany, IN) rose +15.9% from 2023 to 2024. The all-transactions index moved from 180.5 in 2023 to 209.2 in 2024 (2000 = 100).
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 average Indiana ZIP), while per-capita income is $42,576. Both reported hardship measures are comparatively low in absolute terms: poverty is 7.4% and unemployment is 1.9%. Home values sit below the statewide ZIP benchmark: the median is $137,500 (29% below the average Indiana ZIP), and median rent is $667; owner occupancy is 85.2%.
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. The page also surfaces 10 ZIP codes within roughly 10 miles and 6 more in Delaware County, so 47320 can be compared with both its immediate and county-level context.
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.
- Retail trade
Retail trade
13 establishments
- Construction
Construction
8 establishments
- Accommodation and food services
Accommodation and food services
8 establishments
- Health care and social assistance
Health care and social assistance
7 establishments
- Other services (except public administration) 5
Other services (except public administration)
5 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, 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
Who lives in ZIP 47320?
47.1
Median Age
46.1%
Male
53.9%
Female
0.5%
Foreign-Born
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 ZIP avg
$42,576
Per Capita Income
7.4%
Poverty Rate
1.9%
Unemployment Rate
28.7 min
Mean Commute Time
How ZIP 47320 ranks among Indiana ZIPs
Albany, IN household income vs. every Indiana ZIP code
Median household income among 721 reporting Indiana ZIPs (this ZIP's population is too small for a reliable national-corpus placement)
$69,764 47th percentile higher than 47% of 721 Indiana ZIPs
Each bar is a $20K-wide band; taller bars hold more Indiana 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?
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What does housing look like?
Housing stock: occupied vs vacant
2,250housing units
2,250
Total Housing Units
1,970
Occupied Units
280
Vacant Units
2.27
Avg Household Size
Occupancy Type
$137,500
Median Home Value
-29% vs state ZIP avg
$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.
- 47302
Muncie (47302)
27,592 residents
- 47303
Muncie (47303)
25,365 residents
- 47306 6,189
Muncie (47306)
6,189 residents
- 47320 4,134
Albany (47320)
4,134 residents
- 47305 4,106
Muncie (47305)
4,106 residents
- 47336 3,807
Dunkirk (47336)
3,807 residents
- 47383 2,960
Selma (47383)
2,960 residents
- 47340 2,914
Farmland (47340)
2,914 residents
- 47368 2,845
Parker City (47368)
2,845 residents
What this shows Among its immediate neighbors, ZIP 47320 ranks #4 by population - useful context the national average alone can't give.
ZIP 47320 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 47368
Parker City (47368)
$73,654 median income
- 47320
Albany (47320)
$69,764 median income
- 47338
Eaton (47338)
$68,239 median income
- 47340
Farmland (47340)
$63,205 median income
- 47383
Selma (47383)
$61,250 median income
- 47373
Redkey (47373)
$51,532 median income
- 47336
Dunkirk (47336)
$50,633 median income
- 47302
Muncie (47302)
$47,837 median income
- 47303
Muncie (47303)
$47,674 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.
| 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 |
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 47320, both outside IN so the neighborhoods are not geographic containment (Nearby and same-county blocks stay local).
Similar population
Nearest cross-state ZIPs by resident population (4,134 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.
More ZIP Codes in Delaware County
Related Areas
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.
Related
Take this with you
What to do with ZIP 47320's numbers, next.
- See how ZIP 47320 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Albany, IN ranks among every U.S. ZIP code on income, education, or homeownership View national rankings
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ZIP Code Tabulation Areas (ZCTAs) are Census Bureau approximations of USPS ZIP codes; figures describe the ZCTA area, not any single address within it.