ZIP 47516 vs ZIP 47523
A side-by-side comparison of ZIP Code 47516 and ZIP Code 47523: population, income, housing, and more.
ZIP 47516 and ZIP 47523 are ZIP Code areas in Indiana. This page compares them across population, income, housing, education, commuting, and how each has changed since 2019.
ZIP 47523 has the higher population (3,518 vs 943 in ZIP 47516). ZIP 47516 has the higher median household income ($82,083 vs $65,000 in ZIP 47523). ZIP 47516 has the higher median home value ($188,500 vs $121,500 in ZIP 47523).
Population, income & housing
| ZIP 47516 | ZIP 47523 | |
|---|---|---|
| Population | 943 | 3,518 |
| Median age | 41.1 yrs | 37.2 yrs |
| Median household income | $82,083 | $65,000 |
| Median home value | $188,500 | $121,500 |
| Median gross rent | $625 | $781 |
| Housing units | 409 | 1,440 |
| Homeownership rate | 85.6% | 80.2% |
| Bachelor's degree or higher | 19.6% | 21.5% |
| Unemployment rate | 0.9% | 1.1% |
Trends (ACS 5-year, 2019–2023)
| ZIP 47516 | ZIP 47523 | |
|---|---|---|
| Population | 1,100 → 943 (-14.3%) | 3,346 → 3,518 (+5.1%) |
| Median household income | $64,150 → $82,083 (+28.0%) | $56,538 → $65,000 (+15.0%) |
| Median home value | $122,800 → $188,500 (+53.5%) | $117,700 → $121,500 (+3.2%) |
| Median gross rent | $431 → $625 (+45.0%) | $493 → $781 (+58.4%) |
ZIP 47516
1,100943
$64,150$82,083
$122,800$188,500
$431$625
ZIP 47523
3,3463,518
$56,538$65,000
$117,700$121,500
$493$781
Age & race/ethnicity
Age distribution (share)
| ZIP 47516 | ZIP 47523 | |
|---|---|---|
| Under 5 | 4.6% | 8.3% |
| 5 to 17 | 21.4% | 15.4% |
| 18 to 24 | 9.8% | 10.1% |
| 25 to 34 | 11.6% | 12.3% |
| 35 to 44 | 10.4% | 12.3% |
| 45 to 54 | 12.8% | 16.3% |
| 55 to 64 | 15.1% | 8.4% |
| 65 to 74 | 8.3% | 8.5% |
| 75 and over | 6.2% | 8.4% |
Race & ethnicity (share)
| ZIP 47516 | ZIP 47523 | |
|---|---|---|
| White (non-Hispanic) | 96.9% | 87.0% |
| Black or African American | 0.0% | 0.0% |
| American Indian & Alaska Native | 0.0% | 0.0% |
| Asian | 0.0% | 0.0% |
| Native Hawaiian & Pacific Islander | 0.0% | 0.0% |
| Some other race | 0.0% | 0.0% |
| Two or more races | 1.8% | 1.4% |
| Hispanic or Latino | 1.3% | 11.6% |
Educational attainment (age 25+)
Share of adults 25+
| ZIP 47516 | ZIP 47523 | |
|---|---|---|
| No high school diploma | 3.6% | 11.1% |
| High school graduate | 34.3% | 40.7% |
| Some college or associate's | 42.4% | 26.7% |
| Bachelor's degree | 13.7% | 18.2% |
| Graduate or professional degree | 5.9% | 3.2% |
Commute to work
How workers get to work (share)
| ZIP 47516 | ZIP 47523 | |
|---|---|---|
| Drove alone | 87.7% | 78.7% |
| Carpooled | 11.7% | 7.8% |
| Public transit | 0.0% | 0.0% |
| Walked | 0.0% | 6.5% |
| Bicycle | 0.0% | 0.0% |
| Worked from home | 0.6% | 6.6% |
| Other means | 0.0% | 0.4% |
Housing
Units in structure (share)
| ZIP 47516 | ZIP 47523 | |
|---|---|---|
| 1-unit, detached | 87.5% | 80.0% |
| 1-unit, attached | 0.0% | 0.3% |
| 2 to 4 units | 3.2% | 5.9% |
| 5 to 19 units | 0.0% | 3.1% |
| 20 or more units | 0.2% | 0.6% |
| Mobile home & other | 9.0% | 10.2% |
Poverty & households
| ZIP 47516 | ZIP 47523 | |
|---|---|---|
| Poverty rate | 6.8% | 6.4% |
| Average household size | 2.39 | 2.77 |
| Mean commute (minutes) | 20 | 35 |
| Median year structure built | 1965 | 1973 |