PlainZIP

Indianapolis, IN · standard

ZIP Code 46227

Marion County, Indiana - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.

57,086
1,315/sq mi
$53,629
Median income
$210,000
Median home value
21.5%
Bachelor's or higher

The verdict

Indianapolis pairs one of the lowest household incomes in the country with below-median home values, in a low-density, mixed-tenure and unusually populous area.

19th pct
household income, US ZIPs
46th pct
home value, US ZIPs
1,315
people per sq mi
45%
owner-occupied homes

Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 46227 against every reporting US ZIP.

ZIP code 46227 is a densely settled ZIP (a standard USPS delivery area) in Indianapolis, Marion County, Indiana, with 57,086 residents across 43.4 square miles, a density of 1,315 people per square mile, in the Indiana/Indianapolis time zone.

ZIP 46227 reports a modest median household income of $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%. Housing costs here run $210,000 for a typical home value (9% above the state average), with rent averaging $1,035 a month; 44.9% of homes are owner-occupied.

Educational attainment sits below the national norm: 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 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 46227

Top 5 sectors by establishment count in Indianapolis, IN

Which industries have the most business establishments in ZIP 46227.

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 46227, 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

57,086

Population

43.4

Area (sq mi)

1,315

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 46227?

32.6

Median Age

47.6%

Male

52.4%

Female

16.0%

Foreign-Born

White 65.0%
African American 10.8%
Asian 12.4%
American Indian or Alaska Native 0.2%
Native Hawaiian or Pacific Islander 0.1%
Two or More Ethnicities 8.4%
Hispanic or Latino 10.5%

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

How ZIP 46227 ranks nationally

Indianapolis, IN household income vs. every US ZIP code

Median household income, the full national distribution, with this ZIP marked

$53,629 19th percentile higher than 19% 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 55.5%
Bachelor's Degree or Higher 21.5%

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

Owner 44.9%
Renter 55.1%

$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 46227 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 46227 ranks the most populous - useful context the national average alone can't give.

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

ZIP 46227 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 46227 ranks #null 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
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

46226 standard
Indianapolis, IN
Pop: 43,904
46237 standard
Indianapolis, IN
Pop: 39,624
46203 standard
Indianapolis, IN
Pop: 38,950
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 46227 in? ▼
ZIP code 46227 (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 46227? ▼
ZIP code 46227 in Indianapolis, IN has a population of 57,086 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 46227? ▼
The median household income in ZIP 46227 is $53,629, which is 30% below the national average of $76,288.
What is the average home value in ZIP 46227? ▼
The median home value in ZIP 46227 is $210,000, which is 25% below the national average of $278,155.
What is the demographic makeup of ZIP 46227? ▼
The largest racial group in ZIP 46227 is White at 65.0%. Hispanic or Latino residents make up 10.5% of the population.
How many businesses are in ZIP code 46227? ▼
ZIP code 46227 has 1,161 business establishments employing approximately 19,341 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 46227? ▼
The top industries by establishment count in ZIP 46227 are: Retail trade (213), Health care and social assistance (161), Accommodation and food services (161). There are 15 industry sectors represented in total.
How have home values changed in ZIP code 46227? ▼
According to the FHFA House Price Index, home values in ZIP 46227 increased by 3.9% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 116%. 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 46227? ▼
In ZIP code 46227, 55.5% of residents aged 25+ have a high school diploma or higher, and 21.5% 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 46227? ▼
The mean commute time for workers in ZIP code 46227 is 23.8 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 46227? ▼
In ZIP code 46227, approximately 44.9% of occupied housing units are owner-occupied and 55.1% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 46227? ▼
The poverty rate in ZIP code 46227 is 16.7% 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.