ZIP 46628 - 860Z200US46628 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 46628 for your next home, investment, or business venture, understanding the local demographics and housing landscape is essential. Located in the South Bend area of Indiana, this ZIP code offers a mix of residential and economic opportunities. With a population of nearly 28,000 and a median household income of $56,889, ZIP 46628 presents a balanced profile for homebuyers, real estate investors, small-business owners, and analysts. This article breaks down the latest 2023 data to help you make informed decisions about living, investing, or operating in this community.

Population & Households

ZIP 46628 is home to 27,929 residents, making it a moderately sized community with a diverse population base. These individuals are distributed across 10,871 households, reflecting a strong residential presence. The total number of housing units stands at 12,266, indicating some vacancy or availability for potential buyers or renters. This balance between population and housing units suggests a stable community with room for growth, whether you’re looking to settle down or invest in property.

Income & Housing Costs

The median household income in ZIP 46628 is $56,889, which provides a snapshot of the economic health of the area. This income level supports a range of lifestyles and can be a key indicator for businesses assessing local purchasing power. On the housing front, the median home value is $164,500, positioning ZIP 46628 as an accessible market for first-time buyers or investors seeking affordable properties. For renters, the median rent is $1,068 per month, which aligns with the income levels and offers a viable option for those not ready to buy. These figures highlight a cost-effective housing market compared to many urban centers, making this ZIP code an attractive option for various stakeholders.

Race & Ethnicity

The demographic makeup of ZIP 46628 reflects a diverse community, which can be a draw for those seeking an inclusive environment. The racial composition includes 54.55% White, 29.93% Black, 0.9% Asian, and 10.39% Hispanic residents. This diversity can enrich the cultural fabric of the area, offering unique opportunities for businesses catering to varied customer bases and fostering a welcoming atmosphere for new residents. Understanding this breakdown is crucial for anyone looking to connect with or serve the local population effectively.

Key Facts

• Total population: 27,929 residents in ZIP 46628.
• Total households: 10,871, supporting a strong community base.
• Total housing units: 12,266, with potential availability for new occupants.
• Median household income: $56,889, reflecting moderate economic stability.
• Median home value: $164,500, an affordable entry point for buyers.
• Median rent: $1,068, reasonable for the income demographic.
• Diverse population: 54.55% White, 29.93% Black, 10.39% Hispanic, 0.9% Asian.

What This Means for You

For homebuyers, ZIP 46628 offers an affordable housing market with a median home value of $164,500, making it a practical choice for families or individuals looking to establish roots without breaking the bank. The diversity and population size also suggest a vibrant community with access to local amenities. Real estate investors and agents will find value in the number of housing units (12,266) relative to households (10,871), indicating potential rental or resale opportunities in a stable market. Small-business owners can leverage the median income of $56,889 and diverse demographic profile to tailor products or services to a wide audience, while the reasonable rent costs support affordable commercial leasing options. Analysts can use this data as a benchmark to track trends or compare ZIP 46628 with neighboring areas for deeper market insights. Whether you’re moving in, investing, or setting up shop, this ZIP code provides a solid foundation for your goals.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 46628? Start by visiting ZipcodeGPT for a user-friendly analysis tool.
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• Use the insights to make informed decisions for your home purchase, investment, or business strategy.