HomeIndianaBoone CountyAdvance town
Advance town, Indiana: commercial real estate data.
Advance town is a Census town of 390 people across 0.59 square miles of land, in Boone County. Median household income is $64,500, 86.5 percent of occupied homes are owned, and the SBA record carries 1 7(a) approvals to borrowers here worth $500,000.
66 sourced place values · tier FULL · 7 sections
Advance
What Advance is
- Census place typetown
- Land area0.59 sq mi
- Water area0 sq mi
- Population per square mile of land662 plus or minus 180
- County holding the largest share of its areaBoone County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Advance
How many people live in Advance
- Population390 plus or minus 106
- Median age41.5 plus or minus 10.4
- Population under 1894 plus or minus 35
- Share under 1824.1 percent plus or minus 6.0
- Population 65 and over55 plus or minus 24
- Share 65 and over14.1 percent plus or minus 5.0
- Households156 plus or minus 41
- Family households112 plus or minus 35
- Share of households that are families71.8 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Advance
Income and work in Advance
- Median household income$64,500 plus or minus $25,809
- Per capita income$32,183 plus or minus $6,810
- Civilian labor force196 plus or minus 56
- Employed193 plus or minus 55
- Unemployed3 plus or minus 4
- Unemployment rate1.5 percent plus or minus 2.0
- Adults 25 and over278 plus or minus 78
- Adults 25 and over with a high school diploma or higher93.5 percent plus or minus 32.8
- Adults 25 and over with a bachelor degree or higher20.9 percent plus or minus 7.6
- Adults 25 and over with a graduate degree6.1 percent plus or minus 4.6
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Advance
Housing in Advance
- Housing units192 plus or minus 45
- Occupied units156 plus or minus 41
- Vacant units36 plus or minus 23
- Vacancy rate18.8 percent plus or minus 11.1
- Owner occupied135 plus or minus 38
- Renter occupied21 plus or minus 18
- Ownership rate86.5 percent
- Median owner-occupied home value$164,500
- Median gross rent, monthly$1,042 plus or minus $513
- Annual rent as a share of median income19.4 percent plus or minus 12.3
- Single family units179 plus or minus 42
- Share single family93.2 percent
- Units in buildings of two or more2 plus or minus 14
- Share in buildings of two or more1.0 percent plus or minus 7.1
- Mobile homes11 plus or minus 11
- Median year structure built1943
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Advance
How Advance gets to work
- Workers 16 and over who commute186 plus or minus 54
- Commuting under 15 minutes28 plus or minus 17
- Share commuting under 15 minutes15.1 percent plus or minus 8.3
- Commuting 30 minutes or more90 plus or minus 33
- Share commuting 30 minutes or more48.4 percent plus or minus 10.6
- Drove alone91.2 percent
- Carpooled2.1 percent plus or minus 3.1
- Public transport0.0 percent
- Walked3.1 percent plus or minus 3.5
- Worked from home3.6 percent plus or minus 2.9
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Advance
SBA 7(a) lending to Advance borrowers
- Approvals1
- Gross approval$500,000
- Average approval$500,000
- Median approval$500,000
- Ninetieth percentile approval$500,000
- Largest approval$500,000
- Jobs supported3
- Jobs per approval3.0
- Loans with a final outcome0
- Paid in full0
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises0.0 percent
- Distinct lenders1
- Distinct industries by NAICS1
A charge-off rate is not published here. only 0 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Boone County, not Advance
Boone County context, not Advance figures
These are Boone County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Advance measurements.
- Establishments in Boone County1,873
- Employment at those establishments, Boone County40,984
- Covered employment, Boone County45,424
- Average annual pay, Boone County$55,895
- Average weekly wage, Boone County$1,075
- Housing units permitted, Boone County893
- Of those, single family, Boone County893
- County product, 2024, Boone County$6,412,372,000
- County product change over the prior year, Boone County7.1 percent
- Average income of an arriving household, Boone County$115,881
Every figure in this section is published for Boone County as a whole and is not a measurement of Advance. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Advance questions, answered from the record.
How many people live in Advance, Indiana?
390, in 156 households. Advance town covers 0.59 square miles of land, which is 662 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Advance in?
Boone County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Advance?
$64,500. The median owner-occupied home is valued at $164,500. Median gross rent is $1,042 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Advance businesses?
1 7(a) approvals totalling $500,000, across 1 lenders, median approval $500,000. These count approvals to borrowers whose address is in Advance, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Advance borrowers get paid back?
No rate is published for Advance. only 0 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page Advance figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Boone County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Advance.
Is zoning published for Advance?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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