ZIP Code 46227
standardSource:
Indianapolis · Marion County · Indiana
- Population
- 57,086
- Median income
- $53,629
- Median home value
- $210,000
- Bachelor's or higher
- 21.5%
- Land area
- 43.4 sq mi
1,315/sq mi
▼ 30% vs US
higher than 19% of US ZIPs
▼ 25% vs US
higher than 46% of US ZIPs
Median age 32.6
Indiana/Indianapolis
ZIP code 46227 in Indianapolis, Indiana has a population of 57,086. The median household income is $53,629, which is 30% below the national average. Median home value is $210,000, 25% below the US average. 21.5% of residents hold a bachelor's degree or higher.
ZIP code 46227 is classified by USPS as a standard delivery area and covers roughly 43.4 square miles in Indianapolis, Marion County, Indiana. The area is home to 57,086 residents, producing a population density of 1,315 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 46227 against Indiana and the nation.
On the economic side, the median household income for ZIP 46227 sits at $53,629 (27% below the Indiana average), while per-capita income is $32,328. The poverty rate stands at 16.7% and the unemployment rate at 3.8%. On housing, the median home value is $210,000 (9% above the state average) with median rent at $1,035 per month, and 44.9% of occupied units are owner-occupied, a direct signal of whether 46227 behaves more like a homeowner neighborhood or a renter-heavy ZIP.
Education and household profile round out the picture: 21.5% of adults hold a bachelor's degree or higher, the median age is 32.6, and the average commute is 24 minutes. We also surface 10 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Marion County, so you can benchmark 46227 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 46227
Top 5 sectors by establishment count
Which industries have the most business establishments in ZIP 46227.
- Retail trade
Retail trade
213 establishments
- Health care and social assistance
Health care and social assistance
161 establishments
- Accommodation and food services
Accommodation and food services
161 establishments
- Other services (except public administration)
Other services (except public administration)
141 establishments
- Construction
Construction
89 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 46227, 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
57,086
Population
43.4
Area (sq mi)
1,315
People / sq mi
Indiana/Indianapolis
Time Zone
standard
ZIP Type
Who lives in ZIP 46227?
32.6
Median Age
47.6%
Male
52.4%
Female
16.0%
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?
$53,629
Median Household Income
-27% vs state
$32,328
Per Capita Income
16.7%
Poverty Rate
3.8%
Unemployment Rate
23.8 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?
26,337
Total Housing Units
23,911
Occupied Units
2,426
Vacant Units
2.33
Avg Household Size
Occupancy Type
$210,000
Median Home Value
+9% vs state
$1,035
Median Rent
1971
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
+3.9%
YoY Change (2024)
216
HPI Index (2000 = 100)
+116%
Total Change Since 2000
Home values in ZIP 46227 have increased 3.9% over the past year (2024). Since 2000, this ZIP has seen +116% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | +6.1% | 150 |
| 2021 | +13.3% | 170 |
| 2022 | +17.2% | 199 |
| 2023 | +4.6% | 208 |
| 2024 | +3.9% | 216 |
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 1,161 business establishments in ZIP 46227, employing approximately 19,341 people with a combined annual payroll of $847,329,000.
1,161
Businesses
19,341
Employees
$847.3M
Annual Payroll
15
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Retail trade | 213 | 18.4% |
| Health care and social assistance | 161 | 13.9% |
| Accommodation and food services | 161 | 13.9% |
| Other services (except public administration) | 141 | 12.1% |
| Construction | 89 | 7.7% |
| Finance and insurance | 80 | 6.9% |
| Real estate and rental and leasing | 77 | 6.6% |
| Professional, scientific, and technical services | 76 | 6.5% |
| Administrative and support and waste management and remediation services | 48 | 4.1% |
| Educational services | 23 | 2.0% |
| Manufacturing | 21 | 1.8% |
| Transportation and warehousing | 21 | 1.8% |
| Wholesale trade | 20 | 1.7% |
| Information | 17 | 1.5% |
| Arts, entertainment, and recreation | 10 | 0.9% |
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 46227 vs 46237 →
| ZIP Code | City | Population | Distance |
|---|---|---|---|
| 46237 | Indianapolis, IN | 39,624 | 3.0 mi |
| 46217 | Indianapolis, IN | 29,358 | 3.3 mi |
| 46107 | Beech Grove, IN | 12,774 | 3.5 mi |
| 46143 | Greenwood, IN | 48,555 | 5.7 mi |
| 46203 | Indianapolis, IN | 38,950 | 4.6 mi |
| 46225 | Indianapolis, IN | 7,319 | 4.8 mi |
| 46142 | Greenwood, IN | 30,413 | 4.5 mi |
| 46201 | Indianapolis, IN | 30,962 | 6.9 mi |
| 46204 | Indianapolis, IN | 5,125 | 6.7 mi |
| 46221 | Indianapolis, IN | 26,393 | 5.8 mi |
More ZIP Codes in Marion County
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Frequently Asked Questions
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How many businesses are in ZIP code 46227? ▼
What are the main industries in ZIP code 46227? ▼
How have home values changed in ZIP code 46227? ▼
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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.