| ZIP Code | 46231 |
|---|---|
| City | Indianapolis |
| State | Indiana (IN) |
| County | Marion County |
| Area Code | 317/463 |
| Elevation | 727 ft |
| Latitude | 39.723464 |
|---|---|
| Longitude | -86.330553 |
| Timezone | Indiana/Indianapolis (DST) |
| FIPS | 18097 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 39.1 yrs ↑ 8% since 2019 |
|---|---|
| Avg Household Size | 2.91 |
| Below Poverty | 8.3% ▼ 18% below avg |
| College Grads | 26.4% ▼ 32% below avg |
| Unemployment | 2.8% ▼ 44% below avg |
| No HS Diploma | 223 (3.5%) |
| HS Graduate | 2,760 (43.9%) |
| Some College | 825 (13.1%) |
| Associates | 815 (13%) |
| Bachelors | 322 (5.1%) |
| Graduate Degree | 1,337 (21.3%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $76,823 ≈ Avg ↑ 19% since 2019 |
|---|---|
| Median Home Value | $204,200 ▼ 27% below avg ↑ 55% since 2019 |
| Home/Income Ratio | 2.7x (nat avg ~3.5x) |
| Median Rent | $1,575/mo ↑ 14% since 2019 |
| Total Units | 3,895 |
| Vacant Units | 154 |
| Avg HH Size | 2.91 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 3,895 |
|---|---|
| Vacant | 154 |
| Owner Occupied | 73.3% |
| Renter Occupied | 26.7% |
| Avg HH Size | 2.91 |
ZIP code 46231 is located in Indianapolis, Indiana, within Marion County. With a population of 10,950, this is a lightly populated ZIP code with a middle-aged community — the median age is 39.1 years. Economically, 46231 is a middle-income ZIP code: the median household income of $76,823 is near the national average.
Real estate in ZIP code 46231 represents an affordable housing market. The median home value of $204,200 is below the national average. Renters can expect to pay around $1,575 per month in median rent. Homeownership is strong here — 73.3% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 55% since 2019.
The population of 46231 is racially diverse, with White as the largest group at 46.3%. Residents are moderately educated — 26.4% hold a bachelor's degree or higher, which is below the national average. Poverty affects a relatively small share of residents at 8.3%. Household income has grown by 19% since 2019.
The unemployment rate in 46231 stands at 2.8%, which is below the national average. As in most parts of the country, driving alone is the dominant commute mode at 85%.
Overall, ZIP code 46231 in Indianapolis, IN is characterized as middle-income, moderately educated, a middle-aged community, and predominantly owner-occupied. With 10,950 residents, a median household income of $76,823, and a median home value of $204,200, it offers a clear picture of life in this part of Indiana.