ZIP 46947 - 860Z200US46947 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 46947 for a home purchase, investment opportunity, or business venture, understanding the local demographics and housing landscape is essential. Located in a dynamic area, this ZIP code offers a mix of affordability, diversity, and potential for growth. In this detailed snapshot based on 2023 data, we break down the population, income, housing metrics, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Let’s dive into the numbers and uncover what makes ZIP 46947 unique.

Population & Households

ZIP 46947 is home to a population of 28,830 residents, making it a moderately sized community with a solid base for local businesses and housing demand. These residents are distributed across 11,047 households, reflecting a community with a mix of family and individual living arrangements. With 12,113 total housing units in the area, there’s a slight surplus of homes compared to households, which could indicate opportunities for buyers or investors looking to enter the market. This balance suggests a stable residential environment with room for growth or rental potential.

Income & Housing Costs

The median household income in ZIP 46947 stands at $55,088, positioning it as a middle-income area where affordability meets opportunity. For homebuyers, this income level supports a realistic entry point into homeownership, especially given the median house value of $110,300. This price point is notably accessible compared to many urban markets, making ZIP 46947 an attractive option for first-time buyers or those seeking value. For renters, the median rent of $791 per month offers a cost-effective alternative, appealing to individuals or families looking to save while living in the area. Investors will note that these figures suggest a market with potential for steady returns, particularly in rental properties.

Race & Ethnicity

The demographic makeup of ZIP 46947 reflects a diverse community, which can be a draw for businesses and residents seeking an inclusive environment. The racial composition is predominantly White at 69.99%, with a significant Hispanic population at 22.16%. Additionally, the area includes smaller percentages of Black (1.44%) and Asian (2.01%) residents. This diversity can enrich the cultural fabric of the area, offering unique opportunities for small businesses to cater to varied tastes and needs, while also fostering a welcoming atmosphere for new residents from different backgrounds.

Key Facts

• Total population: 28,830 residents, indicating a robust community size.
• Total households: 11,047, showing a strong base of local families and individuals.
• Total housing units: 12,113, suggesting availability for new occupants or investors.
• Median household income: $55,088, reflecting a middle-income economic profile.
• Median house value: $110,300, an affordable entry point for homebuyers.
• Median rent: $791, offering cost-effective options for renters.
• Racial diversity: 69.99% White, 22.16% Hispanic, with smaller Black and Asian populations.

What This Means for You

For homebuyers, ZIP 46947 presents an affordable housing market with a median home value of $110,300, well-suited for those entering the market or downsizing. The moderate median income of $55,088 suggests a community where living costs align with earnings, reducing financial strain. Real estate investors and agents will find potential in the slight surplus of housing units (12,113 vs. 11,047 households), which could translate to opportunities for rentals or flips, especially with a median rent of $791 attracting steady demand. Small-business owners can leverage the area’s diversity—particularly the significant Hispanic population of 22.16%—to offer tailored products or services, while the population of 28,830 ensures a sizable customer base. Analysts studying market trends will appreciate the balance of affordability and diversity as indicators of long-term stability and growth potential in ZIP 46947.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 46947? 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 in the area.