PlainZIP

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
$57,393
Median income
$168,200
Median home value
28.4%
Bachelor's or higher

The verdict

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
33th 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 Indiana average), while per-capita income is $34,791. Poverty here runs at 21.4%, with unemployment measured at 4.8%. The typical home here is valued at $168,200 (13% below the state average); renters pay a median of $1,111 monthly, and 57.8% of units 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. To put 46203 in local context, 10 ZIP codes within roughly 10 miles appear further down this page alongside 6 additional ZIPs in Marion County, for a geography-aware comparison.

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.

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 · ZIP Code Business Patterns (ZBP) As of 2023

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

Neighborhood Scorecard
Get an A-F grade across income, safety, housing, rent, education, commute, and childcare for this ZIP code.
View Scorecard →

Who lives in ZIP 46203?

34.5

Median Age

48.5%

Male

51.5%

Female

7.5%

Foreign-Born

White 68.8%
African American 13.4%
Asian 1.7%
American Indian or Alaska Native 1.0%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 10.4%
Hispanic or Latino 13.8%

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

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

$0–$20,000: 118 US ZIPs (0%). Below this entry. $20,000–$40,000: 1,573 US ZIPs (5%). Below this entry. $40,000–$60,000: 7,092 US ZIPs (23%). This entry sits in this band. $60,000–$80,000: 9,980 US ZIPs (33%). Above this entry. $80,000–$100,000: 5,778 US ZIPs (19%). Above this entry. $100,000–$120,000: 2,855 US ZIPs (9%). Above this entry. $120,000–$140,000: 1,362 US ZIPs (4%). Above this entry. $140,000–$160,000: 686 US ZIPs (2%). Above this entry. $160,000–$180,000: 364 US ZIPs (1%). Above this entry. $180,000–$200,000: 186 US ZIPs (1%). Above this entry. $200,000–$220,000: 324 US ZIPs (1%). Above this entry. This ZIP $0 $200K+ every reporting US ZIP, bucketed by value

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?

High School Graduate or Higher 59.9%
Bachelor's Degree or Higher 28.4%

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

Owner 57.8%
Renter 42.2%

$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 46203 vs its nearest neighbors, by population

Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.

residents

What this shows Among its immediate neighbors, ZIP 46203 ranks #3 by population - useful context the national average alone can't give.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023

ZIP 46203 vs its nearest neighbors, by median income

Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.

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.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023
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

46227 standard
Indianapolis, IN
Pop: 57,086
46226 standard
Indianapolis, IN
Pop: 43,904
46237 standard
Indianapolis, IN
Pop: 39,624
46254 standard
Indianapolis, IN
Pop: 38,095
46224 standard
Indianapolis, IN
Pop: 35,094
46220 standard
Indianapolis, IN
Pop: 34,830

Related Areas

Marion County Indianapolis, IN Indiana

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.

Read our methodology to see how this data is sourced, computed, and verified.