ZIP 46204 - 860Z200US46204 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 46204, located in the heart of Indianapolis, Indiana, this demographic and housing snapshot offers a clear picture of the area in 2023. With data drawn from the latest available sources, we break down population trends, income levels, housing costs, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Whether you’re eyeing a new home or a strategic location for your next venture, understanding ZIP 46204’s profile is the first step.

Population & Households

ZIP 46204 is home to a population of 11,022 residents as of 2023. This compact urban area supports 5,871 households, reflecting a community of moderate density. The total number of housing units stands at 6,582, indicating a slight surplus of available properties relative to occupied households. This balance suggests potential opportunities for buyers or renters looking to settle in a dynamic, centrally located area with access to urban amenities.

Income & Housing Costs

The median household income in ZIP 46204 is $88,081, positioning it as a relatively affluent area compared to broader regional averages. This income level supports a robust local economy, appealing to businesses seeking a customer base with disposable income. On the housing front, the median home value is $350,400, reflecting a competitive real estate market that may attract investors looking for appreciation potential. For renters, the median rent is $1,686 per month, indicating a premium for living in this urban hub, likely driven by proximity to downtown Indianapolis and its employment opportunities.

Race & Ethnicity

The demographic makeup of ZIP 46204 showcases a diverse yet predominantly white population. As of 2023, the racial composition is 66.35% white, 18.21% Black, 4.76% Asian, and 6.57% Hispanic. This diversity contributes to a culturally rich environment, which can be a draw for residents and businesses alike. For small-business owners, this mix offers a chance to cater to varied customer preferences, while investors and homebuyers may value the inclusive community vibe.

Key Facts

• Total population: 11,022 residents in 2023.
• Total households: 5,871, with 6,582 total housing units available.
• Median household income: $88,081, indicating strong earning potential.
• Median home value: $350,400, a competitive price point for urban living.
• Median rent: $1,686 per month, reflecting demand for rental properties.
• Racial composition: 66.35% white, 18.21% Black, 4.76% Asian, 6.57% Hispanic.

What This Means for You

For homebuyers, ZIP 46204 offers a vibrant urban lifestyle with a median home value of $350,400. The slight surplus of housing units (6,582 total versus 5,871 households) could mean less competition for properties, but the price point and median rent of $1,686 suggest a premium for location. If you’re seeking a culturally diverse community with access to city amenities, this area fits the bill.

For real estate investors and agents, the median income of $88,081 signals a financially stable resident base, while the home value and rental rates point to solid return potential. The urban setting and population density of 11,022 make this ZIP code a candidate for both residential and mixed-use investments.

For small-business owners, the diverse demographic profile and strong median income create a promising market for retail, services, or dining ventures. The area’s 5,871 households represent a built-in customer base, and the cultural mix offers opportunities to tailor offerings to varied tastes.

For analysts, these metrics provide a baseline for tracking trends in urban growth, housing demand, and economic health in ZIP 46204. The data suggests stability with room for growth, particularly in housing occupancy.

Run This Study Yourself

• Curious about other areas or want to dive deeper into ZIP 46204? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
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