Greencastle, IN
Population 9,863 · Indiana
About Greencastle, IN
Greencastle is a small town located in Indiana with a population of 9,863 residents according to the latest US Census Bureau American Community Survey data. The median household income is $54,217 per year, which is 28% below the national median of $75,149. The median age of 28.7 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Greencastle features a median home value of $154,000, which is 37% below the national median of $244,900. This positions Greencastle in a moderately priced market relative to the rest of the country. Median monthly rent is $904, 22% below the national average of $1,163/month. Of the 3,805 total housing units, 41% are owner-occupied (1,461 units) and 59% are renter-occupied (2,096 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in Greencastle shows an unemployment rate of 1.6%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 8.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Greencastle have an average one-way commute time of 18.1 minutes, one of the shorter commutes in the region.
Education & Demographics
25.8% of Greencastle residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 3.7% White, 1.1% Hispanic or Latino, 0.0% Black or African American, and 0.2% Asian residents, with 6.3% of the population being foreign-born.
Cost of Living in Greencastle, IN
Compared to national averages, Greencastle has a median household income of $54,217 (28% below the national median of $75,149). Home values average $154,000, which is 37% below the national median. Monthly rent at $904 is 22% below the US average of $1,163. Within Indiana, Greencastle's income is 22% below the state average of $69,330, and home values are 6% below the state median of $163,409.
Why Live in Greencastle, IN?
Greencastle offers affordable housing with a median home value of $154,000, below the US average of $244,900, and rent that’s lower than the national average at $904/month, and a strong job market with an unemployment rate of just 1.6%. Additionally, the city features a low poverty rate of 8.7%, better than the national average, and short commute times averaging just 18.1 minutes.
Potential considerations include median household income ($54,217) that falls below the national average. However, Greencastle’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Greencastle has a population of 9,863 with a median age of 28.7 years. Compare Greencastle with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Greencastle
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Decatur | 9,769 | $58,867 | $132,900 | Compare |
| Columbia City | 9,975 | $65,000 | $184,300 | Compare |
| McCordsville | 9,700 | $113,495 | $327,900 | Compare |
| Kendallville | 10,094 | $60,909 | $130,600 | Compare |
| Mooresville | 9,608 | $70,228 | $194,300 | Compare |
| Bargersville | 10,163 | $104,160 | $405,100 | Compare |
| Sellersburg | 10,215 | $69,851 | $213,300 | Compare |
| Angola | 9,383 | $59,355 | $186,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Greencastle With Other Cities
Frequently Asked Questions about Greencastle
What is the population of Greencastle, IN?
The population of Greencastle, IN is 9,863 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Indiana.
What is the median household income in Greencastle?
The median household income in Greencastle, IN is $54,217 per year, which is 28% below the national median of $75,149.
What is the median home value in Greencastle?
The median home value in Greencastle, IN is $154,000, which is 37% below the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Greencastle?
The median monthly rent in Greencastle, IN is $904, which is 22% below the national average of $1,163/month.
What is the unemployment rate in Greencastle?
The unemployment rate in Greencastle, IN is 1.6%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Greencastle, IN a good place to live?
Greencastle offers a moderate cost of living, affordable housing, and a strong job market. With a population of 9,863 and a median age of 28.7, the city appeals to young professionals and families.
How educated is Greencastle, IN?
25.8% of residents in Greencastle aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Greencastle?
Key cost-of-living indicators for Greencastle, IN: median home value is $154,000 (37% below national), median rent is $904/month, and median household income is $54,217. The home-value-to-income ratio is 2.8x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Greencastle?
The poverty rate in Greencastle, IN is 8.7%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Greencastle, IN?
Greencastle's population is 3.7% White, 1.1% Hispanic or Latino, 0.0% Black or African American, 0.2% Asian, and 5.2% two or more races. 6.3% of residents are foreign-born.