| ZIP Code | 46240 |
|---|---|
| City | Indianapolis |
| State | Indiana (IN) |
| County | Marion County |
| Area Code | 317/463 |
| Elevation | 737 ft |
| Latitude | 39.906045 |
|---|---|
| Longitude | -86.124635 |
| Timezone | Indiana/Indianapolis (DST) |
| FIPS | 18097 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 37.8 yrs ↓ 10% since 2019 |
|---|---|
| Avg Household Size | 1.93 |
| Below Poverty | 9.4% ≈ Avg |
| College Grads | 66.5% ▲ 72% above avg |
| Unemployment | 3.8% ▼ 22% below avg |
| No HS Diploma | 52 (0.4%) |
| HS Graduate | 1,689 (12.2%) |
| Some College | 1,217 (8.8%) |
| Associates | 1,690 (12.2%) |
| Bachelors | 987 (7.1%) |
| Graduate Degree | 8,229 (59.4%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $70,728 ≈ Avg ↑ 14% since 2019 |
|---|---|
| Median Home Value | $328,600 ▲ 18% above avg ↑ 47% since 2019 |
| Home/Income Ratio | 4.6x (nat avg ~3.5x) |
| Median Rent | $1,255/mo ↑ 25% since 2019 |
| Total Units | 11,673 |
| Vacant Units | 1,594 |
| Avg HH Size | 1.93 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 11,673 |
|---|---|
| Vacant | 1,594 |
| Owner Occupied | 44.9% |
| Renter Occupied | 55.2% |
| Avg HH Size | 1.93 |
ZIP code 46240 is located in Indianapolis, Indiana, within Marion County. With a population of 19,632, this is a moderately populated ZIP code with a relatively young community — the median age is 37.8 years. Economically, 46240 is a solidly middle-class ZIP code: the median household income of $70,728 is near the national average.
Real estate in ZIP code 46240 represents a mid-range housing market. The median home value of $328,600 is above the national average. Renters can expect to pay around $1,255 per month in median rent. The area has a relatively balanced mix of owners (44.9%) and renters (55.2%). Median home values have increased by 47% since 2019.
The population of 46240 is primarily White (73.74%). Residents are highly educated — 66.5% hold a bachelor's degree or higher, which is significantly above the national average. Poverty affects a relatively small share of residents at 9.4%. Household income has grown by 14% since 2019.
The unemployment rate in 46240 stands at 3.8%, which is below the national average. About 17% of workers are remote. As in most parts of the country, driving alone is the dominant commute mode at 74%.
Overall, ZIP code 46240 in Indianapolis, IN is characterized as solidly middle-class, highly educated, and a relatively young community. With 19,632 residents, a median household income of $70,728, and a median home value of $328,600, it offers a clear picture of life in this part of Indiana.