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 High-density area
- $75,156
- Median income Near-median income area
- $348,000
- Median home value Above-median home value
- 62.1%
- 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, 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.
FHFA HPI release change
What changed in the latest House Price Index year
- FHFA House Price Index values in ZIP 46240 (Indianapolis, IN) rose +4.4% from 2023 to 2024. The all-transactions index moved from 227.8 in 2023 to 237.8 in 2024 (2000 = 100).
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 average Indiana ZIP), while per-capita income is $61,625. The poverty rate is 8.6%, with unemployment at 3.6%; those measures add context to the income figure. Housing costs run above the statewide ZIP benchmark while renting is common: median home value is $348,000 (80% above the average Indiana ZIP), with only 46.0% owner-occupied homes and median rent of $1,311.
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. The page also surfaces 10 ZIP codes within roughly 10 miles and 6 more in Marion County, so 46240 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 46240
Top 5 sectors by establishment count in Indianapolis, IN
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 + 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
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 ZIP avg
$61,625
Per Capita Income
8.6%
Poverty Rate
3.6%
Unemployment Rate
21.3 min
Mean Commute Time
How ZIP 46240 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)
$75,156 Top 40% higher than 60% 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
11,749housing units
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 ZIP avg
$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.
- 46032
Carmel (46032)
42,234 residents
- 46033
Carmel (46033)
34,889 residents
- 46220
Indianapolis (46220)
34,830 residents
- 46260
Indianapolis (46260)
32,406 residents
- 46205
Indianapolis (46205)
25,356 residents
- 46268
Indianapolis (46268)
24,965 residents
- 46256
Indianapolis (46256)
23,647 residents
- 46240
Indianapolis (46240)
18,731 residents
- 46250
Indianapolis (46250)
18,546 residents
What this shows Among its immediate neighbors, ZIP 46240 ranks #8 by population - useful context the national average alone can't give.
ZIP 46240 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 46033
Carmel (46033)
$153,143 median income
- 46032
Carmel (46032)
$132,085 median income
- 46220
Indianapolis (46220)
$108,050 median income
- 46256
Indianapolis (46256)
$93,847 median income
- 46280
Indianapolis (46280)
$91,152 median income
- 46240
Indianapolis (46240)
$75,156 median income
- 46260
Indianapolis (46260)
$72,504 median income
- 46205
Indianapolis (46205)
$72,417 median income
- 46268
Indianapolis (46268)
$68,631 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.
| 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 |
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 46240, 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 (18,731 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 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.
Related
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What to do with ZIP 46240's numbers, next.
- See how ZIP 46240 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.