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 High-density area
- $53,629
- Median income Below-median income area
- $210,000
- Median home value Near-median home value
- 21.5%
- Bachelor's or higher Near-average bachelor's attainment
National ZIP placement
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.
FHFA HPI release change
What changed in the latest House Price Index year
- FHFA House Price Index values in ZIP 46227 (Indianapolis, IN) rose +3.9% from 2023 to 2024. The all-transactions index moved from 208.4 in 2023 to 216.5 in 2024 (2000 = 100).
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 average Indiana ZIP), while per-capita income is $32,328. The poverty rate is 16.7%, with unemployment at 3.8%; those measures add context to the income figure. Median home value is $210,000 (9% above the average Indiana ZIP) and median rent is $1,035; 44.9% of occupied 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. The page also surfaces 10 ZIP codes within roughly 10 miles and 6 more in Marion County, so 46227 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 46227
Top 5 sectors by establishment count in Indianapolis, IN
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 + 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
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 ZIP avg
$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
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
26,337housing units
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 ZIP avg
$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.
- 46227
Indianapolis (46227)
57,086 residents
- 46143
Greenwood (46143)
48,555 residents
- 46237
Indianapolis (46237)
39,624 residents
- 46203
Indianapolis (46203)
38,950 residents
- 46201
Indianapolis (46201)
30,962 residents
- 46142
Greenwood (46142)
30,413 residents
- 46217
Indianapolis (46217)
29,358 residents
- 46221
Indianapolis (46221)
26,393 residents
- 46107 12,774
Beech Grove (46107)
12,774 residents
What this shows Among its immediate neighbors, ZIP 46227 ranks the most populous - useful context the national average alone can't give.
ZIP 46227 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 46217
Indianapolis (46217)
$92,029 median income
- 46143
Greenwood (46143)
$91,496 median income
- 46142
Greenwood (46142)
$89,001 median income
- 46204
Indianapolis (46204)
$86,396 median income
- 46237
Indianapolis (46237)
$79,078 median income
- 46221
Indianapolis (46221)
$65,280 median income
- 46203
Indianapolis (46203)
$57,393 median income
- 46107
Beech Grove (46107)
$56,799 median income
- 46225
Indianapolis (46225)
$55,190 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.
| 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 |
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 46227, 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 (57,086 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 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.
Related
Take this with you
What to do with ZIP 46227's numbers, next.
- See how ZIP 46227 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Indianapolis, IN ranks among every U.S. ZIP code on income, education, or homeownership View national rankings
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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.