ZIP 46227 - 860Z200US46227 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 46227 for your next home, investment property, or business location, understanding the area’s demographics and housing landscape is essential. Located in the Indianapolis metro area, this ZIP code offers a diverse community with a mix of affordability and opportunity. In this snapshot, we dive into the latest 2023 data to provide a clear picture of population, income, housing costs, and racial composition. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights will help you make informed decisions about 46227.

Population & Households

ZIP code 46227 is home to a sizable population of 57,164 residents as of 2023. This community supports 23,856 households, reflecting a vibrant and active area with a mix of family and individual living arrangements. The total number of housing units stands at 26,411, indicating a slight surplus of available homes compared to occupied households. This could suggest opportunities for buyers or renters looking to move into the area, as well as potential for investors eyeing vacant properties.

Income & Housing Costs

The median household income in ZIP 46227 is $50,993, which positions the area as a moderately affordable place to live compared to national averages. For homebuyers and investors, the median house value of $192,600 offers a relatively accessible entry point into the housing market, especially in a metro region like Indianapolis. Renters, on the other hand, can expect a median rent of $994 per month, which aligns with the income levels and provides a reasonable cost of living for many households. These figures suggest that 46227 could be a practical choice for those seeking value without sacrificing access to urban amenities.

Race & Ethnicity

The demographic makeup of ZIP 46227 reflects a diverse community, which can be a draw for businesses and residents alike. The racial composition includes 61.44% White, 10.67% Black, 12.5% Asian, and 9.54% Hispanic residents. This diversity fosters a culturally rich environment, offering opportunities for small businesses to cater to varied customer bases and for families to engage in a multicultural setting. Understanding this mix can help stakeholders anticipate community needs, from housing preferences to consumer trends.

Key Facts

• Total population in ZIP 46227: 57,164 residents.
• Total households: 23,856, supporting a mix of family and solo living.
• Total housing units: 26,411, with some availability for new occupants.
• Median household income: $50,993, reflecting moderate affordability.
• Median house value: $192,600, an accessible price point for buyers.
• Median rent: $994, reasonable for the income demographic.
• Racial diversity: 61.44% White, 12.5% Asian, 10.67% Black, 9.54% Hispanic.

What This Means for You

For homebuyers, ZIP 46227 presents an affordable housing market with a median home value of $192,600, ideal for first-time buyers or those looking to settle in a diverse, mid-sized community near Indianapolis. The slight surplus of housing units (26,411 vs. 23,856 households) may also mean less competition in certain segments of the market.

For investors and real estate agents, the combination of reasonable home values and a growing population of over 57,000 suggests potential for rental demand or property appreciation. The median rent of $994 could yield steady returns for landlords, especially with a diverse tenant pool.

For small-business owners, the cultural diversity and population density of 46227 create a promising customer base. Tailoring products or services to a multicultural audience—spanning White, Asian, Black, and Hispanic demographics—could help you stand out in this market.

For analysts, these metrics provide a baseline for tracking trends in housing affordability, demographic shifts, and economic stability in the area. The data points to a balanced community with room for growth, worth monitoring over time.

Run This Study Yourself

• Curious about other ZIP codes or want deeper insights into 46227? Start by visiting ZipcodeGPT to access powerful demographic and housing analysis tools.
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