ZIP 46224 - 860Z200US46224 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 46224, located in the Indianapolis area, this demographic and housing snapshot offers a clear picture of the community. With data from 2023, we’ve compiled key metrics on population, income, housing costs, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Let’s dive into what makes ZIP 46224 unique and how its characteristics can align with your goals.

Population & Households

ZIP 46224 is home to a substantial population of 39,858 residents, making it a vibrant and active community. These individuals are distributed across 15,348 households, reflecting a mix of family structures and living arrangements. With 16,912 total housing units in the area, there’s a slight surplus of available homes compared to occupied households, which could indicate opportunities for buyers or renters looking to settle in this area. This population density suggests a bustling neighborhood with a strong sense of community, ideal for those seeking connection or a customer base for local businesses.

Income & Housing Costs

The median household income in ZIP 46224 stands at $53,731, providing insight into the economic landscape of the area. This figure suggests a moderate income level, which can be a key consideration for businesses targeting specific consumer spending patterns or for homebuyers assessing affordability. On the housing front, the median home value is $166,500, offering a relatively accessible entry point for potential buyers compared to higher-priced markets. For renters, the median rent is $1,048 per month, reflecting a reasonable cost for those not ready to purchase. These metrics highlight ZIP 46224 as a potentially budget-friendly option within the Indianapolis region.

Race & Ethnicity

ZIP 46224 boasts a diverse population, which adds to the cultural richness of the area. The racial composition breaks down as follows: 33.37% White, 38.81% Black, 1.27% Asian, and 22.98% Hispanic. This diversity creates a dynamic community environment, appealing to those who value inclusivity and a variety of perspectives. For businesses, this mix can translate into a broad customer base with varied needs and preferences, while homebuyers may appreciate the multicultural atmosphere as a draw for family life or social engagement.

Key Facts

• Total population: 39,858 residents, indicating a sizable community.
• Total households: 15,348, showing a strong base of local families and individuals.
• Total housing units: 16,912, suggesting some availability for new residents or investors.
• Median household income: $53,731, reflecting moderate earning capacity.
• Median home value: $166,500, an accessible price point for many buyers.
• Median rent: $1,048, a reasonable cost for renters in the area.
• Diverse demographics: 38.81% Black, 33.37% White, 22.98% Hispanic, and 1.27% Asian.

What This Means for You

For homebuyers, ZIP 46224 presents an opportunity to enter the housing market at a median value of $166,500, which is attractive for first-time buyers or those seeking affordability in the Indianapolis area. The diversity and population size also suggest a lively neighborhood with potential for strong community ties. Real estate investors and agents might note the surplus of housing units (16,912 total units versus 15,348 households), which could point to rental or flip opportunities, especially with a median rent of $1,048 appealing to tenants. Small-business owners can leverage the diverse demographic makeup and moderate income levels to tailor products or services to a wide audience, while the population of nearly 40,000 ensures a solid local market. Analysts can use these metrics to benchmark ZIP 46224 against other areas for deeper market studies or trend analysis. Whatever your role, these insights provide a foundation for strategic decision-making.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 46224? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
• Enter any ZIP code to access up-to-date population, housing, and income metrics tailored to your needs.
• Use the insights to compare areas, identify trends, or make data-driven decisions for your next move or investment.