ZIP 46902 - 860Z200US46902 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 46902 for a home purchase, investment opportunity, or business venture, understanding the local demographics and housing landscape is essential. Located in Indiana, this area offers a mix of suburban appeal and economic diversity. With a population of over 36,000 and a median household income of nearly $60,000, ZIP 46902 presents a stable community with accessible housing options. This article breaks down the key metrics for 2023, providing actionable insights for homebuyers, real estate investors, small-business owners, and analysts.

Population & Households

ZIP 46902 is home to 36,640 residents, making it a moderately sized community with a strong local presence. These individuals are distributed across 16,004 households, reflecting a balance of family and individual living arrangements. The total number of housing units stands at 18,004, indicating a slight surplus of available properties compared to occupied households. This gap could signal opportunities for buyers or investors looking to enter the market, as well as potential rental demand for landlords.

Income & Housing Costs

The median household income in ZIP 46902 is $59,548, which suggests a solid economic foundation for many residents. This income level supports a housing market where the median home value is $154,400—a price point that remains accessible for first-time buyers or those seeking affordable investments. For renters, the median monthly rent is $929, which aligns reasonably with local income levels, offering a viable option for those not ready to buy. These figures paint a picture of a community where housing costs are manageable relative to earnings, a key consideration for anyone planning to relocate or invest.

Race & Ethnicity

The demographic makeup of ZIP 46902 reflects a predominantly white population at 81.21%, with smaller but notable representation from other groups. Black residents account for 8.58% of the population, while Asian individuals make up 2.82%. Hispanic or Latino residents comprise 3.59% of the community. This diversity, though not extensive, contributes to a varied cultural landscape that can appeal to businesses aiming to serve a range of customers or families seeking an inclusive environment.

Key Facts

• Total population: 36,640 residents in ZIP 46902.
• Total households: 16,004, with an average household size implied by population distribution.
• Total housing units: 18,004, suggesting some vacancy or availability.
• Median household income: $59,548, indicative of moderate economic stability.
• Median home value: $154,400, an accessible entry point for buyers.
• Median rent: $929 per month, reasonable for local income levels.
• Racial composition: 81.21% white, 8.58% black, 2.82% Asian, 3.59% Hispanic.

What This Means for You

For homebuyers, ZIP 46902 offers a compelling mix of affordability and community size. With a median home value of $154,400, this area is within reach for many budgets, especially for those earning near the median income of $59,548. The slight surplus of housing units (18,004 total versus 16,004 households) may also mean less competition in certain price brackets.

For real estate investors and agents, the data points to potential in both buying and renting markets. The gap between housing units and households could indicate vacant properties or untapped rental demand, especially with a median rent of $929 that aligns with local incomes. This balance suggests room for strategic investments or listings.

For small-business owners, the population of 36,640 and diverse demographic makeup provide a sizable customer base with varied needs. The moderate income level means disposable income for goods and services, while the community’s size supports niche or localized business models.

For analysts, these metrics offer a snapshot of stability and opportunity. The income-to-housing cost ratio, combined with demographic diversity, can inform broader market studies or targeted research into suburban growth patterns in Indiana.

Run This Study Yourself

• Curious about other ZIP codes or deeper insights into ZIP 46902? Start by visiting ZipcodeGPT for a user-friendly analysis tool.
• Enter any ZIP code to access up-to-date demographic, income, and housing data tailored to your needs.
• Use the platform to compare metrics across regions or dive into specific trends to inform your next decision.