ZIP Code 46203
standardSource:
Indianapolis · Marion County · Indiana
- Population
- 38,950
- Median income
- $57,393
- Median home value
- $168,200
- Bachelor's or higher
- 28.4%
- Land area
- 35.9 sq mi
1,084/sq mi
▼ 25% vs US
higher than 25% of US ZIPs
▼ 40% vs US
higher than 33% of US ZIPs
Median age 34.5
Indiana/Indianapolis
ZIP code 46203 in Indianapolis, Indiana has a population of 38,950. The median household income is $57,393, which is 25% below the national average. Median home value is $168,200, 40% below the US average. 28.4% of residents hold a bachelor's degree or higher.
ZIP code 46203 is classified by USPS as a standard delivery area and covers roughly 35.9 square miles in Indianapolis, Marion County, Indiana. The area is home to 38,950 residents, producing a population density of 1,084 people per square mile, and falls within the Indiana/Indianapolis time zone. These USPS and Census boundary values drive every downstream statistic on this page, including the benchmarks that compare 46203 against Indiana and the nation.
On the economic side, the median household income for ZIP 46203 sits at $57,393 (22% below the Indiana average), while per-capita income is $34,791. The poverty rate stands at 21.4% and the unemployment rate at 4.8%. On housing, the median home value is $168,200 (13% below the state average) with median rent at $1,111 per month, and 57.8% of occupied units are owner-occupied, a direct signal of whether 46203 behaves more like a homeowner neighborhood or a renter-heavy ZIP.
Education and household profile round out the picture: 28.4% of adults hold a bachelor's degree or higher, the median age is 34.5, and the average commute is 22 minutes. We also surface 10 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Marion County, so you can benchmark 46203 against its immediate geography rather than a national average alone. Every figure is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates, HUD Fair Market Rents, and FHFA Home Price Index data, no estimates, no proprietary scoring. Verify with HUD →
Top industries in ZIP 46203
Top 5 sectors by establishment count
Which industries have the most business establishments in ZIP 46203.
- Retail trade
Retail trade
116 establishments
- Construction
Construction
108 establishments
- Other services (except public administration)
Other services (except public administration)
105 establishments
- Accommodation and food services
Accommodation and food services
102 establishments
- Health care and social assistance
Health care and social assistance
77 establishments
What this shows Establishment counts come from the Census ZIP Code Business Patterns program, which counts physical business locations rather than employees or revenue.
Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + HUD FMR + FHFA HPI ACS demographics, ZBP business establishments, HUD Fair Market Rents, FHFA HPI for ZIP 46203, Indianapolis, IN · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; HUD FMR + FHFA HPI updated quarterly/annually.
Quick Facts
38,950
Population
35.9
Area (sq mi)
1,084
People / sq mi
Indiana/Indianapolis
Time Zone
standard
ZIP Type
Who lives in ZIP 46203?
34.5
Median Age
48.5%
Male
51.5%
Female
7.5%
Foreign-Born
Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How much do residents earn?
$57,393
Median Household Income
-22% vs state
$34,791
Per Capita Income
21.4%
Poverty Rate
4.8%
Unemployment Rate
22.3 min
Mean Commute Time
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What is the education profile here?
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What does housing look like?
18,512
Total Housing Units
15,996
Occupied Units
2,516
Vacant Units
2.32
Avg Household Size
Occupancy Type
$168,200
Median Home Value
-13% vs state
$1,111
Median Rent
1957
Median Year Built
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How have home values changed over time?
FHFA House Price Index, annual appreciation data based on repeat sales and appraisals
+0.2%
YoY Change (2024)
266
HPI Index (2000 = 100)
+166%
Total Change Since 2000
Home values in ZIP 46203 have increased 0.2% over the past year (2024). Since 2000, this ZIP has seen +166% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | +7.6% | 211 |
| 2021 | +6.9% | 226 |
| 2022 | +15.8% | 262 |
| 2023 | +1.6% | 266 |
| 2024 | +0.2% | 266 |
Source: Federal Housing Finance Agency (FHFA) House Price Index, All-Transactions, Five-Digit ZIP Codes (Developmental Index). Index base = 100 in year 2000. Data through 2024. ZIP codes with few transactions may show missing values.
What businesses operate in this ZIP?
Census Bureau data shows 880 business establishments in ZIP 46203, employing approximately 15,332 people with a combined annual payroll of $928,568,000.
880
Businesses
15,332
Employees
$928.6M
Annual Payroll
16
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Retail trade | 116 | 13.2% |
| Construction | 108 | 12.3% |
| Other services (except public administration) | 105 | 11.9% |
| Accommodation and food services | 102 | 11.6% |
| Health care and social assistance | 77 | 8.8% |
| Professional, scientific, and technical services | 60 | 6.8% |
| Manufacturing | 58 | 6.6% |
| Wholesale trade | 51 | 5.8% |
| Real estate and rental and leasing | 51 | 5.8% |
| Administrative and support and waste management and remediation services | 45 | 5.1% |
| Transportation and warehousing | 31 | 3.5% |
| Finance and insurance | 21 | 2.4% |
| Information | 20 | 2.3% |
| Educational services | 13 | 1.5% |
| Arts, entertainment, and recreation | 13 | 1.5% |
| Management of companies and enterprises | 7 | 0.8% |
Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.
Nearby ZIP Codes
Want a side-by-side? Compare 46203 vs 46107 →
| ZIP Code | City | Population | Distance |
|---|---|---|---|
| 46107 | Beech Grove, IN | 12,774 | 1.5 mi |
| 46201 | Indianapolis, IN | 30,962 | 2.6 mi |
| 46225 | Indianapolis, IN | 7,319 | 3.5 mi |
| 46218 | Indianapolis, IN | 29,028 | 4.8 mi |
| 46237 | Indianapolis, IN | 39,624 | 4.6 mi |
| 46204 | Indianapolis, IN | 5,125 | 4.0 mi |
| 46227 | Indianapolis, IN | 57,086 | 4.6 mi |
| 46219 | Indianapolis, IN | 33,930 | 4.2 mi |
| 46239 | Indianapolis, IN | 25,345 | 5.2 mi |
| 46202 | Indianapolis, IN | 16,335 | 4.8 mi |
More ZIP Codes in Marion County
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Frequently Asked Questions
What county is ZIP code 46203 in? ▼
What is the population of ZIP code 46203? ▼
What is the median household income in ZIP 46203? ▼
What is the average home value in ZIP 46203? ▼
What is the demographic makeup of ZIP 46203? ▼
How many businesses are in ZIP code 46203? ▼
What are the main industries in ZIP code 46203? ▼
How have home values changed in ZIP code 46203? ▼
What is the education level in ZIP code 46203? ▼
What is the average commute time in ZIP 46203? ▼
What percentage of residents own vs. rent in ZIP 46203? ▼
What is the poverty rate in ZIP code 46203? ▼
ZIP Code Research Guides
Official Data Resources for Indianapolis, IN
Verify and explore additional data for this area using these official government sources.
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023). Business data: Source: Census ZIP Code Business Patterns (ZBP) 2023. Home value trends: Source: FHFA House Price Index (HPI), Five-Digit ZIP Codes.
PlainZIP is not affiliated with the U.S. Census Bureau or any government agency.
Read our methodology , how this data is sourced, computed, and verified.