PlainZIP

Indianapolis, IN · standard

ZIP Code 46240

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

18,731
737/sq mi
$75,156
Median income
$348,000
Median home value
62.1%
Bachelor's or higher

The verdict

Indianapolis pairs an above-median household income with above-median home values, in a low-density, mixed-tenure area.

Top 45%
household income, US ZIPs
Top 27%
home value, US ZIPs
737
people per sq mi
46%
owner-occupied homes

Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 46240 against every reporting US ZIP.

ZIP code 46240 is a mid-sized community (a standard USPS delivery area) in Indianapolis, Marion County, Indiana, home to 18,731 residents across 25.4 square miles, a density of 737 people per square mile, in the Indiana/Indianapolis time zone.

ZIP 46240 lands in the middle-income range, with a median household income of $75,156 (2% above the Indiana average), while per-capita income is $61,625. The poverty rate stands at 8.6% and the unemployment rate at 3.6%. The typical home here is valued at $348,000 (80% above the state average); renters pay a median of $1,311 monthly, and 46.0% of units are owner-occupied.

This is a highly-educated ZIP: 62.1% of adults hold a bachelor's degree or higher, the median age is 37.3, and the average commute is 21 minutes. Beyond these figures, 10 nearby ZIP codes within about 10 miles are surfaced below, along with 6 more sharing Marion County, letting you compare 46240 to its immediate surroundings rather than a national baseline 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 46240

Top 5 sectors by establishment count in Indianapolis, IN

Which industries have the most business establishments in ZIP 46240.

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 46240, 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

18,731

Population

25.4

Area (sq mi)

737

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 46240?

37.3

Median Age

48.8%

Male

51.2%

Female

7.7%

Foreign-Born

White 77.2%
African American 8.0%
Asian 4.8%
American Indian or Alaska Native 0.1%
Native Hawaiian or Pacific Islander 0.1%
Two or More Ethnicities 6.4%
Hispanic or Latino 5.8%

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?

$75,156

Median Household Income

+2% vs state

$61,625

Per Capita Income

8.6%

Poverty Rate

3.6%

Unemployment Rate

21.3 min

Mean Commute Time

How ZIP 46240 ranks nationally

Indianapolis, IN household income vs. every US ZIP code

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

$75,156 Top 45% higher than 55% 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 73.1%
Bachelor's Degree or Higher 62.1%

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

What does housing look like?

11,749

Total Housing Units

10,041

Occupied Units

1,708

Vacant Units

1.93

Avg Household Size

Occupancy Type

Owner 46.0%
Renter 54.0%

$348,000

Median Home Value

+80% vs state

$1,311

Median Rent

1979

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

+4.4%

YoY Change (2024)

238

HPI Index (2000 = 100)

+138%

Total Change Since 2000

Home values in ZIP 46240 have increased 4.4% over the past year (2024). Since 2000, this ZIP has seen +138% cumulative appreciation.

Year Annual Change HPI Index
2020 +4.4% 164
2021 +13.3% 186
2022 +12.6% 209
2023 +8.9% 228
2024 +4.4% 238

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 1,634 business establishments in ZIP 46240, employing approximately 40,091 people with a combined annual payroll of $3,230,581,000.

1,634

Businesses

40,091

Employees

$3.2B

Annual Payroll

17

Industry Sectors

Industry Establishments % of Total
Finance and insurance 292 17.9%
Professional, scientific, and technical services 276 16.9%
Retail trade 192 11.8%
Health care and social assistance 188 11.5%
Real estate and rental and leasing 145 8.9%
Accommodation and food services 121 7.4%
Other services (except public administration) 110 6.7%
Administrative and support and waste management and remediation services 73 4.5%
Construction 60 3.7%
Wholesale trade 46 2.8%
Information 40 2.5%
Transportation and warehousing 24 1.5%
Educational services 20 1.2%
Management of companies and enterprises 17 1.0%
Arts, entertainment, and recreation 17 1.0%
Manufacturing 9 0.6%
Industries not classified 4 0.2%

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 46240 vs 46280 →

ZIP 46240 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 46240 ranks #8 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 46240 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 46240 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
46280 Indianapolis, IN 6,793 2.1 mi
46220 Indianapolis, IN 34,830 2.8 mi
46250 Indianapolis, IN 18,546 3.0 mi
46260 Indianapolis, IN 32,406 3.0 mi
46290 Indianapolis, IN 170 2.8 mi
46205 Indianapolis, IN 25,356 5.5 mi
46032 Carmel, IN 42,234 4.8 mi
46033 Carmel, IN 34,889 5.4 mi
46256 Indianapolis, IN 23,647 5.9 mi
46268 Indianapolis, IN 24,965 5.8 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 46240 in? ▼
ZIP code 46240 (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 46240? ▼
ZIP code 46240 in Indianapolis, IN has a population of 18,731 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 46240? ▼
The median household income in ZIP 46240 is $75,156, which is 1% below the national average of $76,288.
What is the average home value in ZIP 46240? ▼
The median home value in ZIP 46240 is $348,000, which is 25% above the national average of $278,155.
What is the demographic makeup of ZIP 46240? ▼
The largest racial group in ZIP 46240 is White at 77.2%. Hispanic or Latino residents make up 5.8% of the population.
How many businesses are in ZIP code 46240? ▼
ZIP code 46240 has 1,634 business establishments employing approximately 40,091 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 46240? ▼
The top industries by establishment count in ZIP 46240 are: Finance and insurance (292), Professional, scientific, and technical services (276), Retail trade (192). There are 17 industry sectors represented in total.
How have home values changed in ZIP code 46240? ▼
According to the FHFA House Price Index, home values in ZIP 46240 increased by 4.4% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 138%. 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 46240? ▼
In ZIP code 46240, 73.1% of residents aged 25+ have a high school diploma or higher, and 62.1% 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 46240? ▼
The mean commute time for workers in ZIP code 46240 is 21.3 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 46240? ▼
In ZIP code 46240, approximately 46.0% of occupied housing units are owner-occupied and 54.0% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 46240? ▼
The poverty rate in ZIP code 46240 is 8.6% 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.