ZIP Code 46240
standardSource:
Indianapolis · Marion County · Indiana
- Population
- 18,731
- Median income
- $75,156
- Median home value
- $348,000
- Bachelor's or higher
- 62.1%
- Land area
- 25.4 sq mi
737/sq mi
▼ 1% vs US
higher than 55% of US ZIPs
▲ 25% vs US
higher than 73% of US ZIPs
Median age 37.3
Indiana/Indianapolis
ZIP code 46240 in Indianapolis, Indiana has a population of 18,731. The median household income is $75,156, which is 1% below the national average. Median home value is $348,000, 25% above the US average. 62.1% of residents hold a bachelor's degree or higher.
ZIP code 46240 is classified by USPS as a standard delivery area and covers roughly 25.4 square miles in Indianapolis, Marion County, Indiana. The area is home to 18,731 residents, producing a population density of 737 people per square mile, and falls within the Indiana/Indianapolis time zone. These USPS and Census boundary values drive every downstream statistic on this page, including the benchmarks that compare 46240 against Indiana and the nation.
On the economic side, the median household income for ZIP 46240 sits at $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%. On housing, the median home value is $348,000 (80% above the state average) with median rent at $1,311 per month, and 46.0% of occupied units are owner-occupied, a direct signal of whether 46240 behaves more like a homeowner neighborhood or a renter-heavy ZIP.
Education and household profile round out the picture: 62.1% of adults hold a bachelor's degree or higher, the median age is 37.3, and the average commute is 21 minutes. We also surface 10 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Marion County, so you can benchmark 46240 against its immediate geography rather than a national average alone. Every figure is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates, HUD Fair Market Rents, and FHFA Home Price Index data, no estimates, no proprietary scoring. Verify with HUD →
Top industries in ZIP 46240
Top 5 sectors by establishment count
Which industries have the most business establishments in ZIP 46240.
- Finance and insurance
Finance and insurance
292 establishments
- Professional, scientific, and technical services
Professional, scientific, and technical services
276 establishments
- Retail trade
Retail trade
192 establishments
- Health care and social assistance
Health care and social assistance
188 establishments
- Real estate and rental and leasing
Real estate and rental and leasing
145 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 + HUD FMR + FHFA HPI ACS demographics, ZBP business establishments, HUD Fair Market Rents, 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; HUD FMR + 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
Who lives in ZIP 46240?
37.3
Median Age
48.8%
Male
51.2%
Female
7.7%
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?
$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
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?
11,749
Total Housing Units
10,041
Occupied Units
1,708
Vacant Units
1.93
Avg Household Size
Occupancy Type
$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 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
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Frequently Asked Questions
What county is ZIP code 46240 in? ▼
What is the population of ZIP code 46240? ▼
What is the median household income in ZIP 46240? ▼
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How many businesses are in ZIP code 46240? ▼
What are the main industries in ZIP code 46240? ▼
How have home values changed in ZIP code 46240? ▼
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What is the average commute time in ZIP 46240? ▼
What percentage of residents own vs. rent in ZIP 46240? ▼
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ZIP Code Research Guides
Official Data Resources for Indianapolis, IN
Verify and explore additional data for this area using these official government sources.
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023). Business data: Source: Census ZIP Code Business Patterns (ZBP) 2023. Home value trends: Source: FHFA House Price Index (HPI), Five-Digit ZIP Codes.
PlainZIP is not affiliated with the U.S. Census Bureau or any government agency.
Read our methodology , how this data is sourced, computed, and verified.