PlainZIP

Indianapolis, IN · standard

ZIP Code 46231

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

10,440
326/sq mi
$71,825
Median income
$219,600
Median home value
24.5%
Bachelor's or higher

The verdict

Indianapolis pairs an above-median household income with below-median home values, in a low-density, homeowner-dominated area.

Top 50%
household income, US ZIPs
49th pct
home value, US ZIPs
326
people per sq mi
79%
owner-occupied homes

Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 46231 against every reporting US ZIP.

ZIP code 46231 is a mid-sized community (a standard USPS delivery area) in Indianapolis, Marion County, Indiana, home to 10,440 residents across 32.1 square miles, a density of 326 people per square mile, in the Indiana/Indianapolis time zone.

ZIP 46231 lands in the middle-income range, with a median household income of $71,825 (2% below the Indiana average), while per-capita income is $33,971. The poverty rate stands at 12.0% and the unemployment rate at 3.5%. Housing costs here run $219,600 for a typical home value (13% above the state average), with rent averaging $1,254 a month; 78.7% of homes are owner-occupied.

Educational attainment sits below the national norm: 24.5% of adults hold a bachelor's degree or higher, the median age is 40.4, and the average commute is 23 minutes. To put 46231 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 46231

Top 5 sectors by establishment count in Indianapolis, IN

Which industries have the most business establishments in ZIP 46231.

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 46231, 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

10,440

Population

32.1

Area (sq mi)

326

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 46231?

40.4

Median Age

52.5%

Male

47.5%

Female

21.9%

Foreign-Born

White 44.8%
African American 28.1%
Asian 14.1%
American Indian or Alaska Native 0.4%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 6.6%
Hispanic or Latino 9.2%

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?

$71,825

Median Household Income

-2% vs state

$33,971

Per Capita Income

12.0%

Poverty Rate

3.5%

Unemployment Rate

22.7 min

Mean Commute Time

How ZIP 46231 ranks nationally

Indianapolis, IN household income vs. every US ZIP code

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

$71,825 Top 50% higher than 50% 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%). Below this entry. $60,000–$80,000: 9,980 US ZIPs (33%). This entry sits in this band. $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 60.4%
Bachelor's Degree or Higher 24.5%

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What does housing look like?

3,997

Total Housing Units

3,848

Occupied Units

149

Vacant Units

2.68

Avg Household Size

Occupancy Type

Owner 78.7%
Renter 21.3%

$219,600

Median Home Value

+13% vs state

$1,254

Median Rent

2000

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

-4.7%

YoY Change (2024)

213

HPI Index (2000 = 100)

+113%

Total Change Since 2000

Home values in ZIP 46231 have decreased 4.7% over the past year (2024). Since 2000, this ZIP has seen +113% cumulative appreciation.

Year Annual Change HPI Index
2020 +3.1% 133
2021 +15.6% 153
2022 +19.8% 183
2023 +22.1% 224
2024 -4.7% 213

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 180 business establishments in ZIP 46231, employing approximately 7,670 people with a combined annual payroll of $543,370,000.

180

Businesses

7,670

Employees

$543.4M

Annual Payroll

13

Industry Sectors

Industry Establishments % of Total
Transportation and warehousing 36 20.0%
Health care and social assistance 19 10.6%
Construction 18 10.0%
Retail trade 17 9.4%
Other services (except public administration) 17 9.4%
Accommodation and food services 15 8.3%
Administrative and support and waste management and remediation services 11 6.1%
Manufacturing 10 5.6%
Real estate and rental and leasing 10 5.6%
Wholesale trade 8 4.4%
Professional, scientific, and technical services 7 3.9%
Finance and insurance 5 2.8%
Management of companies and enterprises 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 46231 vs 46241 →

ZIP 46231 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 46231 ranks #0 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 46231 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 46231 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
46241 Indianapolis, IN 30,670 3.0 mi
46168 Plainfield, IN 30,309 4.2 mi
46113 Camby, IN 14,063 5.8 mi
46234 Indianapolis, IN 24,810 6.7 mi
46183 West Newton, IN 82 4.9 mi
46221 Indianapolis, IN 26,393 4.8 mi
46214 Indianapolis, IN 24,306 5.5 mi
46123 Avon, IN 31,754 5.3 mi
46224 Indianapolis, IN 35,094 6.5 mi
46217 Indianapolis, IN 29,358 7.4 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
46203 standard
Indianapolis, IN
Pop: 38,950
46254 standard
Indianapolis, IN
Pop: 38,095
46224 standard
Indianapolis, IN
Pop: 35,094

Related Areas

Marion County Indianapolis, IN Indiana

Frequently Asked Questions

What county is ZIP code 46231 in? ▼
ZIP code 46231 (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 46231? ▼
ZIP code 46231 in Indianapolis, IN has a population of 10,440 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 46231? ▼
The median household income in ZIP 46231 is $71,825, which is 6% below the national average of $76,288.
What is the average home value in ZIP 46231? ▼
The median home value in ZIP 46231 is $219,600, which is 21% below the national average of $278,155.
What is the demographic makeup of ZIP 46231? ▼
The largest racial group in ZIP 46231 is White at 44.8%. Hispanic or Latino residents make up 9.2% of the population.
How many businesses are in ZIP code 46231? ▼
ZIP code 46231 has 180 business establishments employing approximately 7,670 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 46231? ▼
The top industries by establishment count in ZIP 46231 are: Transportation and warehousing (36), Health care and social assistance (19), Construction (18). There are 13 industry sectors represented in total.
How have home values changed in ZIP code 46231? ▼
According to the FHFA House Price Index, home values in ZIP 46231 decreased by 4.7% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 113%. 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 46231? ▼
In ZIP code 46231, 60.4% of residents aged 25+ have a high school diploma or higher, and 24.5% 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 46231? ▼
The mean commute time for workers in ZIP code 46231 is 22.7 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 46231? ▼
In ZIP code 46231, approximately 78.7% of occupied housing units are owner-occupied and 21.3% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 46231? ▼
The poverty rate in ZIP code 46231 is 12.0% 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.