Indianapolis, IN · standard
ZIP Code 46228
Marion County, Indiana - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 14,755
- 713/sq mi High-density area
- $91,156
- Median income Above-median income area
- $254,500
- Median home value Near-median home value
- 49.3%
- Bachelor's or higher Above-average bachelor's attainment
National ZIP placement
Indianapolis pairs an above-median household income with above-median home values, in a low-density, homeowner-dominated area.
- Top 26%
- household income, US ZIPs
- Top 42%
- home value, US ZIPs
- 713
- people per sq mi
- 84%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 46228 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 46228 (Indianapolis, IN) fell -2.0% from 2023 to 2024. The all-transactions index moved from 225.8 in 2023 to 221.3 in 2024 (2000 = 100).
ZIP code 46228 is a mid-sized community (a standard USPS delivery area) in Indianapolis, Marion County, Indiana, home to 14,755 residents across 20.7 square miles, a density of 713 people per square mile, in the Indiana/Indianapolis time zone.
ZIP 46228 lands in the middle-income range, with a median household income of $91,156 (24% above the average Indiana ZIP), while per-capita income is $44,979. The poverty rate is 8.3%, with unemployment at 3.5%; those measures add context to the income figure. Housing is both higher-cost and owner-heavy: median home value is $254,500 (32% above the average Indiana ZIP), while 84.4% of occupied homes are owner-occupied and median rent is $1,260.
A solid share of residents have a four-year degree: 49.3% of adults hold a bachelor's degree or higher, the median age is 40.6, and the average commute is 25 minutes. The page also surfaces 10 ZIP codes within roughly 10 miles and 6 more in Marion County, so 46228 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 46228
Top 5 sectors by establishment count in Indianapolis, IN
Which industries have the most business establishments in ZIP 46228.
- Health care and social assistance
Health care and social assistance
31 establishments
- Professional, scientific, and technical services
Professional, scientific, and technical services
27 establishments
- Other services (except public administration)
Other services (except public administration)
22 establishments
- Construction
Construction
21 establishments
- Real estate and rental and leasing
Real estate and rental and leasing
16 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 46228, 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
14,755
Population
20.7
Area (sq mi)
713
People / sq mi
Indiana/Indianapolis
Time Zone
standard
ZIP Type
Who lives in ZIP 46228?
40.6
Median Age
46.8%
Male
53.2%
Female
13.5%
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?
$91,156
Median Household Income
+24% vs state ZIP avg
$44,979
Per Capita Income
8.3%
Poverty Rate
3.5%
Unemployment Rate
25.0 min
Mean Commute Time
How ZIP 46228 ranks among Indiana ZIPs
Indianapolis, IN household income vs. every Indiana ZIP code
Median household income among 721 reporting Indiana ZIPs (this ZIP's population is too small for a reliable national-corpus placement)
$91,156 Top 16% higher than 84% of 721 Indiana ZIPs
Each bar is a $20K-wide band; taller bars hold more Indiana 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
6,445housing units
6,445
Total Housing Units
6,083
Occupied Units
362
Vacant Units
2.57
Avg Household Size
Occupancy Type
$254,500
Median Home Value
+32% vs state ZIP avg
$1,260
Median Rent
1968
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
-2.0%
YoY Change (2024)
221
HPI Index (2000 = 100)
+121%
Total Change Since 2000
Home values in ZIP 46228 have decreased 2.0% over the past year (2024). Since 2000, this ZIP has seen +121% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | +7.2% | 148 |
| 2021 | +15.2% | 171 |
| 2022 | +18.2% | 202 |
| 2023 | +12.0% | 226 |
| 2024 | -2.0% | 221 |
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 172 business establishments in ZIP 46228, employing approximately 883 people with a combined annual payroll of $35,968,000.
172
Businesses
883
Employees
$36.0M
Annual Payroll
12
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Health care and social assistance | 31 | 18.0% |
| Professional, scientific, and technical services | 27 | 15.7% |
| Other services (except public administration) | 22 | 12.8% |
| Construction | 21 | 12.2% |
| Real estate and rental and leasing | 16 | 9.3% |
| Administrative and support and waste management and remediation services | 13 | 7.6% |
| Retail trade | 11 | 6.4% |
| Accommodation and food services | 10 | 5.8% |
| Finance and insurance | 5 | 2.9% |
| Arts, entertainment, and recreation | 5 | 2.9% |
| Wholesale trade | 3 | 1.7% |
| Information | 3 | 1.7% |
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 46228 vs 46208 →
ZIP 46228 vs its nearest neighbors, by population
Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 46254
Indianapolis (46254)
38,095 residents
- 46224
Indianapolis (46224)
35,094 residents
- 46220
Indianapolis (46220)
34,830 residents
- 46222
Indianapolis (46222)
34,044 residents
- 46260
Indianapolis (46260)
32,406 residents
- 46205
Indianapolis (46205)
25,356 residents
- 46268
Indianapolis (46268)
24,965 residents
- 46208
Indianapolis (46208)
22,239 residents
- 46202
Indianapolis (46202)
16,335 residents
What this shows Among its immediate neighbors, ZIP 46228 ranks #0 by population - useful context the national average alone can't give.
ZIP 46228 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 46220
Indianapolis (46220)
$108,050 median income
- 46228
Indianapolis (46228)
$91,156 median income
- 46204
Indianapolis (46204)
$86,396 median income
- 46260
Indianapolis (46260)
$72,504 median income
- 46205
Indianapolis (46205)
$72,417 median income
- 46268
Indianapolis (46268)
$68,631 median income
- 46202
Indianapolis (46202)
$63,506 median income
- 46254
Indianapolis (46254)
$60,287 median income
- 46208
Indianapolis (46208)
$60,062 median income
What this shows By household income, ZIP 46228 ranks #2 of 9 neighboring ZIPs, local affluence varies block to block, not just metro to metro.
| ZIP Code | City | Population | Distance |
|---|---|---|---|
| 46208 | Indianapolis, IN | 22,239 | 2.3 mi |
| 46260 | Indianapolis, IN | 32,406 | 3.5 mi |
| 46254 | Indianapolis, IN | 38,095 | 3.8 mi |
| 46222 | Indianapolis, IN | 34,044 | 4.1 mi |
| 46268 | Indianapolis, IN | 24,965 | 3.9 mi |
| 46205 | Indianapolis, IN | 25,356 | 3.7 mi |
| 46202 | Indianapolis, IN | 16,335 | 4.9 mi |
| 46224 | Indianapolis, IN | 35,094 | 4.7 mi |
| 46220 | Indianapolis, IN | 34,830 | 5.0 mi |
| 46204 | Indianapolis, IN | 5,125 | 5.8 mi |
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 46228, 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 (14,755 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 46228 in?
ZIP code 46228 (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 46228?
ZIP code 46228 in Indianapolis, IN has a population of 14,755 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 46228?
The median household income in ZIP 46228 is $91,156, which is 19% above the national average of $76,288.
What is the average home value in ZIP 46228?
The median home value in ZIP 46228 is $254,500, which is 9% below the national average of $278,155.
What is the demographic makeup of ZIP 46228?
The largest racial group in ZIP 46228 is African American at 45.1%. Hispanic or Latino residents make up 5.4% of the population.
How many businesses are in ZIP code 46228?
ZIP code 46228 has 172 business establishments employing approximately 883 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 46228?
The top industries by establishment count in ZIP 46228 are: Health care and social assistance (31), Professional, scientific, and technical services (27), Other services (except public administration) (22). There are 12 industry sectors represented in total.
How have home values changed in ZIP code 46228?
According to the FHFA House Price Index, home values in ZIP 46228 decreased by 2.0% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 121%. 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 46228?
In ZIP code 46228, 67.6% of residents aged 25+ have a high school diploma or higher, and 49.3% 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 46228?
The mean commute time for workers in ZIP code 46228 is 25.0 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 46228?
In ZIP code 46228, approximately 84.4% of occupied housing units are owner-occupied and 15.6% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 46228?
The poverty rate in ZIP code 46228 is 8.3% 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 46228's numbers, next.
- See how ZIP 46228 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.