ZIP 46217 - 860Z200US46217 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 46217, located in the Indianapolis area, this demographic and housing snapshot offers a clear picture of the community in 2023. With a population of over 38,000 and a median household income above the national average, this area presents a blend of suburban stability and diversity. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights can help you make informed decisions about living or working in 46217.

Population & Households

ZIP 46217 is home to 38,659 residents, making it a moderately sized community with a suburban feel. The area comprises 13,732 households, reflecting a strong base of families and individuals. With 14,078 total housing units, there’s a slight surplus of homes compared to occupied households, which could indicate some availability for new residents or investors looking for rental opportunities. This balance suggests a stable housing market with room for growth or turnover.

Income & Housing Costs

The median household income in ZIP 46217 stands at $88,326, a figure that points to a relatively affluent community compared to many parts of the country. This income level supports a comfortable lifestyle and indicates purchasing power for local businesses. On the housing front, the median home value is $226,100, which offers a reasonable entry point for buyers in a market where affordability is often a concern. For renters, the median rent is $1,370 per month, reflecting a cost that aligns with the area’s income levels but may require budgeting for some households. These metrics suggest that 46217 is a financially viable option for a range of residents and investors.

Race & Ethnicity

ZIP 46217 boasts a diverse population, which adds to its cultural richness and appeal for those seeking an inclusive community. The racial composition includes 58.52% White, 9.6% Black, 19.84% Asian, and 8.1% Hispanic residents. This mix indicates a multicultural environment that could benefit businesses catering to varied demographics or families looking for a welcoming place to settle. The significant Asian population, in particular, stands out as a defining characteristic of the area’s diversity compared to many other ZIP codes in the region.

Key Facts

• Total population: 38,659 residents, offering a sizable community with suburban appeal.
• Total households: 13,732, indicating a strong base of family and individual units.
• Median household income: $88,326, suggesting above-average financial stability.
• Median home value: $226,100, a competitive price point for homebuyers.
• Median rent: $1,370, reflecting a moderate rental market for the income level.
• Diverse demographics: 58.52% White, 19.84% Asian, 9.6% Black, and 8.1% Hispanic.
• Total housing units: 14,078, with a small surplus over occupied households.

What This Means for You

For homebuyers, ZIP 46217 offers a compelling mix of affordability and community diversity. With a median home value of $226,100, you can find properties that fit a range of budgets, while the median income of $88,326 suggests neighbors with stable finances—a good sign for property value retention. The slight surplus of housing units may also mean less competition when searching for a home.

For real estate investors and agents, the data points to potential in both buying and renting. The median rent of $1,370 indicates a steady rental demand, and the small gap between total housing units and households could signal opportunities for flipping or leasing properties. The diverse population also means a broad tenant base to target.

For small-business owners, the income level and diversity of 46217 are key advantages. With a median household income above $88,000, residents have disposable income to spend locally, while the cultural mix offers a chance to cater to varied tastes—think ethnic cuisine, specialty stores, or inclusive services.

For analysts, these metrics provide a foundation for deeper market studies. The income-to-housing-cost ratio and demographic trends can inform forecasts about growth, housing demand, or economic shifts in the area.

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