Indian Springs Village, AL Profile: Facts & Data

The City of Indian Springs Village had a population of 2,523 as of July 1, 2020. Indian Springs Village ranks in the upper quartile for Population Density and the lower quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Alabama. See peer rankings below.

The primary coordinate point for Indian Springs Village is located at latitude 33.3554 and longitude -86.7544 in Shelby County. The formal boundaries for the City of Indian Springs Village encompass a land area of 3.85 sq. miles and a water area of 0.03 sq. miles. Shelby County is in the Central time zone (GMT -6). The elevation is 509 feet.

The City of Indian Springs Village (GNIS ID: 2404759) has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Alabama is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The City of Indian Springs Village is located within Alabaster-Helena Division of Shelby County.

Indian Springs Village, AL Data & Demographics (As of July 1, 2020)

POPULATION
Total Population	2,523 (100%)
Population in Households	2,468 (97.8%)
Population in Families	2,311 (91.6%)
Population in Group Quarters¹	55 ( 2.2%)
Population Density	652
Diversity Index²	15


INCOME
Median Household Income	$115,774
Average Household Income	$149,050
% of Income for Mortgage⁴	11%
Per Capita Income	$49,649
Wealth Index⁵	263

HOUSING
Total HU (Housing Units)	915 (100%)
Owner Occupied HU	836 (91.4%)
Renter Occupied HU	39 ( 4.3%)
Vacant Housing Units	40 ( 4.4%)
Median Home Value	$306,593
Average Home Value	$400,658
Housing Affordability Index³	246

HOUSEHOLDS
Total Households	875
Average Household Size	2.82
Family Households	750
Average Family Size	3

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

Indian Springs Village, AL - Peer Comparisons by Rank and Percentile

The table below compares Indian Springs Village to the other 586 incorporated cities, towns and CDPs in Alabama by rank and percentile using July 1, 2020 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2010-2020	2020-2025
Population	0.53%	0.75%
Households	0.5%	0.74%
Families	0.56%	0.63%
Median Household Income		1.52%
Per Capita Income		2.19%
Owner Occupied HU		0.73%

Variable Description	Rank	Percentile
Total Population	# 181	69th
Population Density	# 88	85th
Median Household Income	# 4	99th
Housing Affordability Index	# 338	58th
Per Capita Income	# 6	99th
Diversity Index	# 511	13th

Indian Springs Village, AL Profile: Facts & Data

Indian Springs Village, Alabama - Basic Facts

Indian Springs Village, AL Data & Demographics (As of July 1, 2020)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Indian Springs Village, AL - Peer Comparisons by Rank and Percentile

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