ZIP 46142 - 860Z200US46142 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 46142, located in the heart of Indiana, this demographic and housing snapshot offers a clear picture of the area in 2023. With a population of over 35,000 and a robust housing market, this ZIP code presents a blend of suburban stability and growth potential. Whether you're a homebuyer, real estate investor, small-business owner, or analyst, these insights will help you make informed decisions about living, working, or investing here.

Population & Households

ZIP 46142 is home to 35,368 residents, making it a moderately sized community with a strong residential base. These individuals are spread across 13,840 households, indicating an average household size of roughly 2.5 people. This balance suggests a mix of families, couples, and singles, creating a diverse community fabric. For those looking to settle or invest, this population size supports a stable demand for housing, services, and local businesses.

Income & Housing Costs

The median household income in ZIP 46142 stands at $85,611, reflecting a financially secure community with above-average earning power compared to many areas nationwide. This income level supports a healthy housing market, where the median home value is $266,000. For renters, the median monthly rent is $1,122, offering a more affordable alternative to homeownership while still reflecting the area's desirability. These figures suggest that ZIP 46142 is a place where residents can afford quality housing, making it attractive for buyers and investors alike.

Additionally, with 14,396 total housing units in the area, there’s a slight surplus over the number of households (13,840), which could indicate some availability for new residents or investment properties. This balance is worth noting for those eyeing real estate opportunities or planning to relocate.

Race & Ethnicity

The demographic makeup of ZIP 46142 is predominantly White, with 83.08% of the population identifying as such. Other groups contribute to the area's diversity, including Black residents at 2.6%, Asian residents at 6.14%, and Hispanic or Latino residents at 5.32%. This composition points to a primarily homogeneous community with growing multicultural elements, which can enrich local culture and business offerings. For businesses and investors, this diversity may signal opportunities to cater to varied consumer needs and preferences.

Key Facts

• Total population: 35,368 residents in ZIP 46142 as of 2023.
• Total households: 13,840, indicating a stable residential base.
• Total housing units: 14,396, suggesting slight availability for new occupants.
• Median household income: $85,611, reflecting strong earning potential.
• Median home value: $266,000, a competitive price point for the region.
• Median rent: $1,122 per month, offering affordable rental options.
• Racial composition: 83.08% White, 6.14% Asian, 5.32% Hispanic, 2.6% Black.

What This Means for You

For homebuyers, ZIP 46142 offers a financially stable community with a median home value of $266,000, which aligns well with the median income of $85,611. This suggests affordability for many, paired with a slight surplus of housing units that could ease the search for your ideal home. The area's population size and diversity also mean access to good schools, amenities, and a welcoming community.

For investors and real estate agents, the numbers point to opportunity. With a small gap between housing units and households, there may be room for rental properties or flips, especially given the reasonable median rent of $1,122. The strong income levels further indicate that tenants or buyers in this area are likely to be financially reliable.

For small-business owners, the population of 35,368 and growing diversity (notably 6.14% Asian and 5.32% Hispanic) suggest a customer base with varied needs. A median income of over $85,000 also means disposable income for goods and services, making this ZIP code a promising spot for retail, dining, or niche services.

For analysts, these metrics provide a foundation for deeper market studies, whether you're assessing housing trends, economic stability, or demographic shifts in ZIP 46142. The data reflects a balanced, growing community worth monitoring.

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