ZIP Code 46540
standardSource:
Middlebury · Elkhart County · Indiana
- Population
- 11,702
- Median income
- $96,615
- Median home value
- $313,700
- Bachelor's or higher
- 20.2%
- Land area
- 158.3 sq mi
74/sq mi
▲ 27% vs US
higher than 79% of US ZIPs
▲ 13% vs US
higher than 69% of US ZIPs
Median age 32.1
Indiana/Indianapolis
ZIP code 46540 in Middlebury, Indiana has a population of 11,702. The median household income is $96,615, which is 27% above the national average. Median home value is $313,700, 13% above the US average. 20.2% of residents hold a bachelor's degree or higher.
ZIP code 46540 is classified by USPS as a standard delivery area and covers roughly 158.3 square miles in Middlebury, Elkhart County, Indiana. The area is home to 11,702 residents, producing a population density of 74 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 46540 against Indiana and the nation.
On the economic side, the median household income for ZIP 46540 sits at $96,615 (31% above the Indiana average), while per-capita income is $37,768. The poverty rate stands at 6.9% and the unemployment rate at 2.3%. On housing, the median home value is $313,700 (62% above the state average) with median rent at $1,148 per month, and 84.7% of occupied units are owner-occupied, a direct signal of whether 46540 behaves more like a homeowner neighborhood or a renter-heavy ZIP.
Education and household profile round out the picture: 20.2% of adults hold a bachelor's degree or higher, the median age is 32.1, and the average commute is 21 minutes. We also surface 5 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Elkhart County, so you can benchmark 46540 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 46540
Top 5 sectors by establishment count
Which industries have the most business establishments in ZIP 46540.
- Manufacturing
Manufacturing
84 establishments
- Construction
Construction
67 establishments
- Retail trade
Retail trade
64 establishments
- Other services (except public administration)
Other services (except public administration)
39 establishments
- Accommodation and food services 29
Accommodation and food services
29 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 46540, Middlebury, 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
11,702
Population
158.3
Area (sq mi)
74
People / sq mi
Indiana/Indianapolis
Time Zone
standard
ZIP Type
Who lives in ZIP 46540?
32.1
Median Age
51.3%
Male
48.7%
Female
2.4%
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?
$96,615
Median Household Income
+31% vs state
$37,768
Per Capita Income
6.9%
Poverty Rate
2.3%
Unemployment Rate
21.1 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?
4,335
Total Housing Units
3,979
Occupied Units
356
Vacant Units
3.26
Avg Household Size
Occupancy Type
$313,700
Median Home Value
+62% vs state
$1,148
Median Rent
1990
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
+6.3%
YoY Change (2024)
231
HPI Index (2000 = 100)
+131%
Total Change Since 2000
Home values in ZIP 46540 have increased 6.3% over the past year (2024). Since 2000, this ZIP has seen +131% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | +0.9% | 163 |
| 2021 | +10.3% | 179 |
| 2022 | +14.2% | 205 |
| 2023 | +6.1% | 217 |
| 2024 | +6.3% | 231 |
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 425 business establishments in ZIP 46540, employing approximately 14,575 people with a combined annual payroll of $862,273,000.
425
Businesses
14,575
Employees
$862.3M
Annual Payroll
14
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Manufacturing | 84 | 19.8% |
| Construction | 67 | 15.8% |
| Retail trade | 64 | 15.1% |
| Other services (except public administration) | 39 | 9.2% |
| Accommodation and food services | 29 | 6.8% |
| Wholesale trade | 26 | 6.1% |
| Professional, scientific, and technical services | 23 | 5.4% |
| Health care and social assistance | 21 | 4.9% |
| Administrative and support and waste management and remediation services | 18 | 4.2% |
| Transportation and warehousing | 17 | 4.0% |
| Finance and insurance | 13 | 3.1% |
| Real estate and rental and leasing | 10 | 2.4% |
| Educational services | 7 | 1.6% |
| Arts, entertainment, and recreation | 4 | 0.9% |
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 46540 vs 46565 →
More ZIP Codes in Elkhart County
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Frequently Asked Questions
What county is ZIP code 46540 in? ▼
What is the population of ZIP code 46540? ▼
What is the median household income in ZIP 46540? ▼
What is the average home value in ZIP 46540? ▼
What is the demographic makeup of ZIP 46540? ▼
How many businesses are in ZIP code 46540? ▼
What are the main industries in ZIP code 46540? ▼
How have home values changed in ZIP code 46540? ▼
What is the education level in ZIP code 46540? ▼
What is the average commute time in ZIP 46540? ▼
What percentage of residents own vs. rent in ZIP 46540? ▼
What is the poverty rate in ZIP code 46540? ▼
ZIP Code Research Guides
Official Data Resources for Middlebury, 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.
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Read our methodology , how this data is sourced, computed, and verified.