ZIP Code 47516 Demographics

Knox County, Indiana  ·  ACS 2022 5-Year Estimates

ACS 2022 Data

Population & Income Overview

Key statistics for ZIP code 47516 compared to county averages.

Total Population

986

↓ 97.3% vs county

Median HH Income

$69,737

↑ +19.9% vs county

Median Home Value

$164,500

↑ +34.7% vs county

Median Age

45.1 yrs

↓ +15.9% vs county

Unemployment Rate

1.2%

↑ 62.3% vs county

Income & Housing Comparison

How ZIP 47516 compares to Knox County and Indiana overall. Data from ACS 2022 5-year estimates.

Median Household Income ZIP 47516 $70k Knox $58k Indiana $67k

Source: ACS 2022 5-Year Estimates, Table B19013

Median Home Value ZIP 47516 $165k Knox $122k Indiana $184k

Source: ACS 2022 5-Year Estimates, Table B25077

Education & Employment

Bachelor's Rate

13.4%

of adults 25+ hold a bachelor's degree or higher

Owner Occupancy

89.2%

of occupied housing units are owner-occupied

Median Gross Rent

$713

per month including utilities

Rent vs. Buy Affordability

Compare estimated monthly costs of home ownership vs renting in ZIP Code 47516 using local Census metrics.

Median Home Value$164,500
Down Payment (20%)$32,900
Interest Rate6.5%
Loan Term

Estimated Monthly Costs

Buy (Mortgage, Tax, Ins.)
$1,045P&I: $832 | Tax: $165 | Ins: $48
Rent (Local Median)
$713
Renting is CheaperRenting is estimated to save you $332/month compared to buying costs.

How Does 47516 Compare?

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Location & Neighboring Areas

Interactive map showing ZIP code 47516 (blue pin) and surrounding areas (purple pins). Click pins to view details.

Nearby ZIP Codes

ZIP codes geographically closest to 47516, sorted by distance.

47512 5.6 mi away knox county 47561 6.4 mi away knox county 47535 9.4 mi away knox county 47528 10.0 mi away knox county 47596 12.4 mi away knox county 47838 13.2 mi away sullivan county 62427 14.8 mi away crawford county 47578 15.1 mi away knox county

About Knox County

Knox County is located in Indiana and has a total population of 36,148. The county's median household income is $58,173 and median home value is $122,100. ZIP code 47516 is one of many ZCTAs within this county.

View all ZIP codes in Knox County

Data source: American Community Survey (ACS) 2022 5-Year Estimates, U.S. Census Bureau. ZCTAs (ZIP Code Tabulation Areas) are used as proxies for USPS ZIP codes. Some USPS ZIP codes may not have a corresponding ZCTA.