ZIP 46143 - 860Z200US46143 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 46143, located in the Greenwood area of Indiana, this demographic and housing snapshot offers a clear picture of the community as of 2023. With a robust population, strong income levels, and a diverse housing market, this area presents unique opportunities for homebuyers, real estate investors, small-business owners, and analysts. Let’s break down the key metrics to help you understand what makes ZIP 46143 stand out.

Population & Households

ZIP 46143 is home to a sizable population of 58,238 residents, making it a vibrant and active community. This population is distributed across 22,224 households, reflecting a strong residential base. Whether you’re a homebuyer looking for a family-friendly area or a business owner seeking a customer-rich environment, the scale of this community suggests ample potential for engagement and growth.

The total number of housing units in the area stands at 23,417, indicating a slight surplus of available homes compared to occupied households. This could point to opportunities for buyers or investors looking to enter the market, as well as a buffer for future population growth.

Income & Housing Costs

Financial stability is a key consideration for anyone eyeing ZIP 46143, and the median household income of $89,401 reflects a relatively affluent community. This income level suggests that residents have significant purchasing power, which can be a boon for small businesses and service providers looking to establish a foothold in the area.

On the housing front, the median home value in ZIP 46143 is $295,400, positioning it as a moderately priced market with room for appreciation. For renters, the median rent is $1,427 per month, which aligns with the income levels and indicates a balanced rental market. These figures provide a solid foundation for understanding affordability and investment potential in this ZIP code.

Race & Ethnicity

The demographic makeup of ZIP 46143 offers insight into the cultural fabric of the community. The population is predominantly White at 78.64%, with smaller but notable percentages of Black (5.06%), Asian (8.3%), and Hispanic (4.83%) residents. This diversity, while not as pronounced as in some urban centers, still contributes to a varied community dynamic, which can be appealing for businesses aiming to cater to a range of cultural preferences or for families seeking an inclusive environment.

Key Facts

• Total population: 58,238 residents, indicating a substantial community size.
• Total households: 22,224, reflecting a strong residential presence.
• Total housing units: 23,417, suggesting some availability for new occupants or investors.
• Median household income: $89,401, pointing to solid economic stability.
• Median home value: $295,400, a competitive price point for the region.
• Median rent: $1,427, aligning with local income levels for renters.
• Racial composition: 78.64% White, 5.06% Black, 8.3% Asian, 4.83% Hispanic, showing moderate diversity.

What This Means for You

For homebuyers, ZIP 46143 offers a promising mix of affordability and community size. With a median home value of $295,400 and a slight surplus of housing units, you may find good options to secure a property that fits your budget and lifestyle. The strong median income also suggests a stable area with potential for long-term value growth.

For investors and real estate agents, the data points to a market with opportunity. The gap between total housing units and households could mean vacant properties or room for development, while the median home value and rent levels indicate a healthy return potential for both sales and rental investments.

For small-business owners, the population of over 58,000 and a median income of $89,401 signal a customer base with disposable income. Whether you’re opening a retail store, restaurant, or service-based business, this ZIP code’s demographics suggest a receptive market, especially if you can cater to the area’s diverse needs.

For analysts, these metrics provide a baseline for deeper research into trends like housing occupancy rates, income growth, or demographic shifts. ZIP 46143’s data offers a snapshot of a growing, stable community worth monitoring.

Run This Study Yourself

• Curious about other areas or want to dive deeper into ZIP 46143? Start by visiting ZipcodeGPT to access powerful demographic and housing analysis tools tailored to your needs.
• Enter any ZIP code to uncover detailed insights on population, income, housing costs, and more, just like this report.
• Use the data to make informed decisions for your next home purchase, investment, or business venture with confidence.