ZIP 46254 - 860Z200US46254 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 46254, located in the Indianapolis area, this demographic and housing snapshot offers a clear picture of the community in 2023. With a diverse population, affordable housing, and a range of income levels, this area presents unique opportunities and considerations for homebuyers, real estate investors, small-business owners, and analysts. Let’s dive into the latest data to help you make informed decisions about living or working in 46254.

Population & Households

ZIP 46254 is home to a sizable population of 40,263 residents as of 2023. This community supports 17,015 households, reflecting a vibrant and active area with a mix of family and individual living arrangements. The total number of housing units stands at 17,955, indicating a slight surplus of available homes compared to occupied households. This balance suggests potential opportunities for those looking to buy or rent in the area, as well as for investors eyeing vacant properties.

Income & Housing Costs

The median household income in ZIP 46254 is $57,825, which positions the area as a moderately affordable place to live relative to national averages. For homebuyers and investors, the median house value of $175,700 offers an accessible entry point into the real estate market, especially for first-time buyers or those seeking value-driven investments. Renters, meanwhile, face a median rent of $1,021 per month, which aligns with the income levels and provides a reasonable cost of living for many residents. These figures highlight 46254 as a practical choice for those balancing budget and lifestyle needs.

Race & Ethnicity

ZIP 46254 stands out for its diverse community composition. The racial and ethnic breakdown shows that 55.92% of residents identify as Black, making it the largest demographic group in the area. White residents account for 19.84%, while Hispanic or Latino individuals make up 18.08% of the population. Additionally, 2.18% of residents identify as Asian. This diversity creates a rich cultural tapestry, which can be a draw for families seeking an inclusive environment or businesses aiming to serve a varied customer base.

Key Facts

• Total population in ZIP 46254: 40,263 residents in 2023.
• Total households: 17,015, supporting a mix of family and individual living.
• Total housing units: 17,955, with some availability for new occupants.
• Median household income: $57,825, reflecting moderate affordability.
• Median house value: $175,700, an attractive price for buyers and investors.
• Median rent: $1,021, reasonable for the income demographic.
• Diverse population: 55.92% Black, 19.84% White, 18.08% Hispanic, 2.18% Asian.

What This Means for You

For homebuyers, ZIP 46254 offers a compelling mix of affordability and diversity. With a median home value of $175,700, you can find properties that fit a range of budgets, while the cultural richness of the area adds to its appeal as a place to settle down. Real estate investors and agents should note the slight surplus of housing units (17,955 vs. 17,015 households), which could signal opportunities for rental properties or fixer-uppers in a market with steady demand. The median rent of $1,021 also suggests a viable return for landlords catering to the local income bracket.

For small-business owners, the diverse population of over 40,000 and the moderate median income of $57,825 indicate a broad customer base with varied needs. Whether you’re opening a retail store, restaurant, or service-based business, tailoring your offerings to the cultural diversity—especially the significant Black and Hispanic communities—could help you build a loyal clientele. Analysts can use this data as a baseline to track trends in housing affordability or demographic shifts, providing deeper insights for clients or stakeholders in the Indianapolis region.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 46254? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date metrics on population, income, housing costs, and more, tailored to your needs.
• Use the insights to make informed decisions, whether you’re buying a home, investing, or planning a business venture.