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 Moderate-density area
- $59,811
- Median income Below-median income area
- $182,400
- Median home value Near-median home value
- 23.0%
- Bachelor's or higher Near-average bachelor's attainment
National ZIP placement
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.
FHFA HPI release change
What changed in the latest House Price Index year
- FHFA House Price Index values in ZIP 47932 (Covington, IN) rose +2.7% from 2023 to 2024. The all-transactions index moved from 231.2 in 2023 to 237.5 in 2024 (2000 = 100).
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 average Indiana ZIP), while per-capita income is $39,849. The poverty rate is 10.0%, with unemployment at 4.1%; those measures add context to the income figure. Median home value is $182,400 (6% below the average Indiana ZIP) and median rent is $825; 71.7% of occupied 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. The page also surfaces 2 ZIP codes within roughly 10 miles and 4 more in Warren County, so 47932 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 47932
Top 5 sectors by establishment count in Covington, IN
Which industries have the most business establishments in ZIP 47932.
- Other services (except public administration)
Other services (except public administration)
21 establishments
- Retail trade
Retail trade
17 establishments
- Professional, scientific, and technical services
Professional, scientific, and technical services
11 establishments
- Accommodation and food services
Accommodation and food services
11 establishments
- Construction
Construction
10 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 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
Who lives in ZIP 47932?
45.6
Median Age
47.6%
Male
52.4%
Female
1.2%
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?
$59,811
Median Household Income
-19% vs state ZIP avg
$39,849
Per Capita Income
10.0%
Poverty Rate
4.1%
Unemployment Rate
19.3 min
Mean Commute Time
How ZIP 47932 ranks among Indiana ZIPs
Covington, 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)
$59,811 24th percentile higher than 24% 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
2,576housing units
2,576
Total Housing Units
2,231
Occupied Units
345
Vacant Units
2.21
Avg Household Size
Occupancy Type
$182,400
Median Home Value
-6% vs state ZIP avg
$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.
- 47932
Covington (47932)
5,357 residents
- 47974 1,186
Perrysville (47974)
1,186 residents
- 47982 143
State Line (47982)
143 residents
What this shows Among its immediate neighbors, ZIP 47932 ranks the most populous - useful context the national average alone can't give.
ZIP 47932 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 47974
Perrysville (47974)
$89,962 median income
- 47982
State Line (47982)
$73,750 median income
- 47932
Covington (47932)
$59,811 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.
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 47932, 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 (5,357 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.
More ZIP Codes in Warren County
Related Areas
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.
Related
Take this with you
What to do with ZIP 47932's numbers, next.
- See how ZIP 47932 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Covington, IN ranks among every U.S. ZIP code on income, education, or homeownership View national rankings
- Save this ZIP to your shortlist to track alongside others you're considering View your shortlist
ZIP Code Tabulation Areas (ZCTAs) are Census Bureau approximations of USPS ZIP codes; figures describe the ZCTA area, not any single address within it.