Indianapolis, IN · standard
ZIP Code 46203
Marion County, Indiana - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 38,950
- 1,084/sq mi High-density area
- $57,393
- Median income Below-median income area
- $168,200
- Median home value Near-median home value
- 28.4%
- Bachelor's or higher Near-average bachelor's attainment
National ZIP placement
Indianapolis pairs a below-median household income with below-median home values, in a low-density, mixed-tenure area.
- 25th pct
- household income, US ZIPs
- 33rd pct
- home value, US ZIPs
- 1,084
- people per sq mi
- 58%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 46203 against every reporting US ZIP.
ZIP code 46203 is a densely settled ZIP (a standard USPS delivery area) in Indianapolis, Marion County, Indiana, with 38,950 residents across 35.9 square miles, a density of 1,084 people per square mile, in the Indiana/Indianapolis time zone.
ZIP 46203 reports a modest median household income of $57,393 (22% below the average Indiana ZIP), while per-capita income is $34,791. The poverty rate is 21.4%, so the area-level income figures should not be treated as typical household experience. Median home value is $168,200 (13% below the average Indiana ZIP) and median rent is $1,111; 57.8% of occupied homes are owner-occupied.
Educational attainment sits below the national norm: 28.4% of adults hold a bachelor's degree or higher, the median age is 34.5, and the average commute is 22 minutes. The page also surfaces 10 ZIP codes within roughly 10 miles and 6 more in Marion County, so 46203 can be compared with both its immediate and county-level context.
Every figure on this page is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates (including median rent) and the FHFA House Price Index, no estimates, no proprietary scoring. Verify with Census →
Top industries in ZIP 46203
Top 5 sectors by establishment count in Indianapolis, IN
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 + FHFA HPI ACS demographics and median rent, ZBP business establishments, 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; 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 ZIP avg
$34,791
Per Capita Income
21.4%
Poverty Rate
4.8%
Unemployment Rate
22.3 min
Mean Commute Time
How ZIP 46203 ranks nationally
Indianapolis, IN household income vs. every US ZIP code
Median household income, the full national distribution, with this ZIP marked
$57,393 25th percentile higher than 25% of 30,318 US ZIPs
Each bar is a $20K-wide band; taller bars hold more US ZIPs. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.
Source U.S. Census Bureau, ACS 5-Year Estimates · 2019–2023
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?
Housing stock: occupied vs vacant
18,512housing units
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 ZIP avg
$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 46203 vs its nearest neighbors, by population
Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 46227
Indianapolis (46227)
57,086 residents
- 46237
Indianapolis (46237)
39,624 residents
- 46203
Indianapolis (46203)
38,950 residents
- 46219
Indianapolis (46219)
33,930 residents
- 46201
Indianapolis (46201)
30,962 residents
- 46218
Indianapolis (46218)
29,028 residents
- 46239
Indianapolis (46239)
25,345 residents
- 46202 16,335
Indianapolis (46202)
16,335 residents
- 46107 12,774
Beech Grove (46107)
12,774 residents
What this shows Among its immediate neighbors, ZIP 46203 ranks #3 by population - useful context the national average alone can't give.
ZIP 46203 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 46239
Indianapolis (46239)
$100,331 median income
- 46204
Indianapolis (46204)
$86,396 median income
- 46237
Indianapolis (46237)
$79,078 median income
- 46202
Indianapolis (46202)
$63,506 median income
- 46219
Indianapolis (46219)
$60,803 median income
- 46203
Indianapolis (46203)
$57,393 median income
- 46107
Beech Grove (46107)
$56,799 median income
- 46225
Indianapolis (46225)
$55,190 median income
- 46227
Indianapolis (46227)
$53,629 median income
What this shows By household income, ZIP 46203 ranks #6 of 9 neighboring ZIPs, local affluence varies block to block, not just metro to metro.
| 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 |
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 46203, both outside IN so the neighborhoods are not geographic containment (Nearby and same-county blocks stay local).
Similar population
Nearest cross-state ZIPs by resident population (38,950 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.
More ZIP Codes in Marion County
Related Areas
Frequently Asked Questions
What county is ZIP code 46203 in?
ZIP code 46203 (Indianapolis) is located in Marion County, Indiana. Marion County contains multiple ZIP codes, see the full list at /counties/marion-in.
What is the population of ZIP code 46203?
ZIP code 46203 in Indianapolis, IN has a population of 38,950 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 46203?
The median household income in ZIP 46203 is $57,393, which is 25% below the national average of $76,288.
What is the average home value in ZIP 46203?
The median home value in ZIP 46203 is $168,200, which is 40% below the national average of $278,155.
What is the demographic makeup of ZIP 46203?
The largest racial group in ZIP 46203 is White at 68.8%. Hispanic or Latino residents make up 13.8% of the population.
How many businesses are in ZIP code 46203?
ZIP code 46203 has 880 business establishments employing approximately 15,332 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 46203?
The top industries by establishment count in ZIP 46203 are: Retail trade (116), Construction (108), Other services (except public administration) (105). There are 16 industry sectors represented in total.
How have home values changed in ZIP code 46203?
According to the FHFA House Price Index, home values in ZIP 46203 increased by 0.2% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 166%. This is a developmental index based on repeat sales and appraisal data from Fannie Mae and Freddie Mac.
What is the education level in ZIP code 46203?
In ZIP code 46203, 59.9% of residents aged 25+ have a high school diploma or higher, and 28.4% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What is the average commute time in ZIP 46203?
The mean commute time for workers in ZIP code 46203 is 22.3 minutes according to Census ACS data. The national average is roughly 26 minutes, so commuters here spend less time traveling to work than typical.
What percentage of residents own vs. rent in ZIP 46203?
In ZIP code 46203, approximately 57.8% of occupied housing units are owner-occupied and 42.2% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 46203?
The poverty rate in ZIP code 46203 is 21.4% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.
Related
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- See how ZIP 46203 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
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ZIP Code Tabulation Areas (ZCTAs) are Census Bureau approximations of USPS ZIP codes; figures describe the ZCTA area, not any single address within it.