PlainZIP

Covington, IN · standard

ZIP Code 47932

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

5,357
19/sq mi
$59,811
Median income
$182,400
Median home value
23.0%
Bachelor's or higher

The verdict

Covington pairs a below-median household income with below-median home values, in a rural, homeowner-dominated area.

29th pct
household income, US ZIPs
39th pct
home value, US ZIPs
19
people per sq mi
72%
owner-occupied homes

Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 47932 against every reporting US ZIP.

ZIP code 47932 is a mid-sized community (a standard USPS delivery area) in Covington, Warren County, Indiana, home to 5,357 residents across 281.9 square miles, a density of 19 people per square mile, in the Indiana/Indianapolis time zone.

ZIP 47932 reports a modest median household income of $59,811 (19% below the Indiana average), while per-capita income is $39,849. 10.0% of residents live below the poverty line, and the unemployment rate reads 4.1%. Housing costs here run $182,400 for a typical home value (6% below the state average), with rent averaging $825 a month; 71.7% of homes are owner-occupied.

Educational attainment sits below the national norm: 23.0% of adults hold a bachelor's degree or higher, the median age is 45.6, and the average commute is 19 minutes. We also surface 2 nearby ZIP codes within roughly 10 miles and 4 additional ZIPs sharing Warren County, so you can benchmark 47932 against its immediate geography rather than a national average 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 47932

Top 5 sectors by establishment count in Covington, IN

Which industries have the most business establishments in ZIP 47932.

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 47932, Covington, 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

5,357

Population

281.9

Area (sq mi)

19

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 47932?

45.6

Median Age

47.6%

Male

52.4%

Female

1.2%

Foreign-Born

White 93.3%
African American 0.7%
Asian 0.6%
American Indian or Alaska Native 0.0%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 5.2%
Hispanic or Latino 3.7%

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?

$59,811

Median Household Income

-19% vs state

$39,849

Per Capita Income

10.0%

Poverty Rate

4.1%

Unemployment Rate

19.3 min

Mean Commute Time

How ZIP 47932 ranks nationally

Covington, IN household income vs. every US ZIP code

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

$59,811 29th percentile higher than 29% 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%). This entry sits in this band. $60,000–$80,000: 9,980 US ZIPs (33%). Above this entry. $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 60.4%
Bachelor's Degree or Higher 23.0%

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

What does housing look like?

2,576

Total Housing Units

2,231

Occupied Units

345

Vacant Units

2.21

Avg Household Size

Occupancy Type

Owner 71.7%
Renter 28.3%

$182,400

Median Home Value

-6% vs state

$825

Median Rent

1971

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

+2.7%

YoY Change (2024)

238

HPI Index (2000 = 100)

+138%

Total Change Since 2000

Home values in ZIP 47932 have increased 2.7% over the past year (2024). Since 2000, this ZIP has seen +138% cumulative appreciation.

Year Annual Change HPI Index
2020 +1.7% 169
2021 +20.4% 203
2022 +0.6% 204
2023 +13.2% 231
2024 +2.7% 238

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 119 business establishments in ZIP 47932, employing approximately 1,678 people with a combined annual payroll of $100,205,000.

119

Businesses

1,678

Employees

$100.2M

Annual Payroll

11

Industry Sectors

Industry Establishments % of Total
Other services (except public administration) 21 17.6%
Retail trade 17 14.3%
Professional, scientific, and technical services 11 9.2%
Accommodation and food services 11 9.2%
Construction 10 8.4%
Transportation and warehousing 9 7.6%
Finance and insurance 9 7.6%
Health care and social assistance 9 7.6%
Real estate and rental and leasing 5 4.2%
Administrative and support and waste management and remediation services 5 4.2%
Manufacturing 4 3.4%

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 47932 vs 47974 →

ZIP 47932 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 47932 ranks the most populous - useful context the national average alone can't give.

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

ZIP 47932 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 47932 ranks #3 of 3 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
47974 Perrysville, IN 1,186 6.9 mi
47982 State Line, IN 143 7.8 mi

More ZIP Codes in Warren County

47993 standard
Williamsport, IN
Pop: 3,918
47991 standard
West Lebanon, IN
Pop: 1,070
47975 standard
Pine Village, IN
Pop: 653
47982 standard
State Line, IN
Pop: 143

Related Areas

Warren County Covington, IN Indiana

Frequently Asked Questions

What county is ZIP code 47932 in? ▼
ZIP code 47932 (Covington) is located in Warren County, Indiana. Warren County contains multiple ZIP codes, see the full list at /counties/warren-in.
What is the population of ZIP code 47932? ▼
ZIP code 47932 in Covington, IN has a population of 5,357 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 47932? ▼
The median household income in ZIP 47932 is $59,811, which is 22% below the national average of $76,288.
What is the average home value in ZIP 47932? ▼
The median home value in ZIP 47932 is $182,400, which is 34% below the national average of $278,155.
What is the demographic makeup of ZIP 47932? ▼
The largest racial group in ZIP 47932 is White at 93.3%. Hispanic or Latino residents make up 3.7% of the population.
How many businesses are in ZIP code 47932? ▼
ZIP code 47932 has 119 business establishments employing approximately 1,678 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 47932? ▼
The top industries by establishment count in ZIP 47932 are: Other services (except public administration) (21), Retail trade (17), Professional, scientific, and technical services (11). There are 11 industry sectors represented in total.
How have home values changed in ZIP code 47932? ▼
According to the FHFA House Price Index, home values in ZIP 47932 increased by 2.7% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 138%. 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 47932? ▼
In ZIP code 47932, 60.4% of residents aged 25+ have a high school diploma or higher, and 23.0% 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 47932? ▼
The mean commute time for workers in ZIP code 47932 is 19.3 minutes according to Census ACS data. The national average is roughly 26 minutes, so commuters here spend less time traveling to work than typical.
What percentage of residents own vs. rent in ZIP 47932? ▼
In ZIP code 47932, approximately 71.7% of occupied housing units are owner-occupied and 28.3% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 47932? ▼
The poverty rate in ZIP code 47932 is 10.0% 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.