Middlebury, IN · standard
ZIP Code 46540
Elkhart County, Indiana - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 11,702
- 74/sq mi Moderate-density area
- $96,615
- Median income Above-median income area
- $313,700
- Median home value Above-median home value
- 20.2%
- Bachelor's or higher Near-average bachelor's attainment
National ZIP placement
Middlebury pairs an upper-quartile household income with above-median home values, in a rural, homeowner-dominated area.
- Top 21%
- household income, US ZIPs
- Top 31%
- home value, US ZIPs
- 74
- people per sq mi
- 85%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 46540 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 46540 (Middlebury, IN) rose +6.3% from 2023 to 2024. The all-transactions index moved from 217.3 in 2023 to 230.8 in 2024 (2000 = 100).
ZIP code 46540 is a mid-sized community (a standard USPS delivery area) in Middlebury, Elkhart County, Indiana, home to 11,702 residents across 158.3 square miles, a density of 74 people per square mile, in the Indiana/Indianapolis time zone.
ZIP 46540 lands in the middle-income range, with a median household income of $96,615 (31% above the average Indiana ZIP), while per-capita income is $37,768. Both reported hardship measures are comparatively low in absolute terms: poverty is 6.9% and unemployment is 2.3%. Housing is both higher-cost and owner-heavy: median home value is $313,700 (62% above the average Indiana ZIP), while 84.7% of occupied homes are owner-occupied and median rent is $1,148.
Educational attainment sits below the national norm: 20.2% of adults hold a bachelor's degree or higher, the median age is 32.1, and the average commute is 21 minutes. The page also surfaces 5 ZIP codes within roughly 10 miles and 6 more in Elkhart County, so 46540 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 46540
Top 5 sectors by establishment count in Middlebury, IN
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 + FHFA HPI ACS demographics and median rent, ZBP business establishments, 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; 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 ZIP avg
$37,768
Per Capita Income
6.9%
Poverty Rate
2.3%
Unemployment Rate
21.1 min
Mean Commute Time
How ZIP 46540 ranks among Indiana ZIPs
Middlebury, 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)
$96,615 Top 11% higher than 89% 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
4,335housing units
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 ZIP avg
$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 →
ZIP 46540 vs its nearest neighbors, by population
Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 46528
Goshen (46528)
26,104 residents
- 46540
Middlebury (46540)
11,702 residents
- 46507 9,128
Bristol (46507)
9,128 residents
- 46565 7,950
Shipshewana (46565)
7,950 residents
- 49099 5,629
White Pigeon (49099)
5,629 residents
- 46543 3,654
Millersburg (46543)
3,654 residents
What this shows Among its immediate neighbors, ZIP 46540 ranks #2 by population - useful context the national average alone can't give.
ZIP 46540 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 46543
Millersburg (46543)
$104,896 median income
- 46540
Middlebury (46540)
$96,615 median income
- 46565
Shipshewana (46565)
$96,199 median income
- 46507
Bristol (46507)
$82,683 median income
- 46528
Goshen (46528)
$81,529 median income
- 49099
White Pigeon (49099)
$70,307 median income
What this shows By household income, ZIP 46540 ranks #2 of 6 neighboring ZIPs, local affluence varies block to block, not just metro to metro.
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 46540, 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 (11,702 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.
More ZIP Codes in Elkhart County
Related Areas
Frequently Asked Questions
What county is ZIP code 46540 in?
ZIP code 46540 (Middlebury) is located in Elkhart County, Indiana. Elkhart County contains multiple ZIP codes, see the full list at /counties/elkhart-in.
What is the population of ZIP code 46540?
ZIP code 46540 in Middlebury, IN has a population of 11,702 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 46540?
The median household income in ZIP 46540 is $96,615, which is 27% above the national average of $76,288.
What is the average home value in ZIP 46540?
The median home value in ZIP 46540 is $313,700, which is 13% above the national average of $278,155.
What is the demographic makeup of ZIP 46540?
The largest racial group in ZIP 46540 is White at 89.5%. Hispanic or Latino residents make up 5.1% of the population.
How many businesses are in ZIP code 46540?
ZIP code 46540 has 425 business establishments employing approximately 14,575 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 46540?
The top industries by establishment count in ZIP 46540 are: Manufacturing (84), Construction (67), Retail trade (64). There are 14 industry sectors represented in total.
How have home values changed in ZIP code 46540?
According to the FHFA House Price Index, home values in ZIP 46540 increased by 6.3% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 131%. 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 46540?
In ZIP code 46540, 47.6% of residents aged 25+ have a high school diploma or higher, and 20.2% 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 46540?
The mean commute time for workers in ZIP code 46540 is 21.1 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 46540?
In ZIP code 46540, approximately 84.7% of occupied housing units are owner-occupied and 15.3% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 46540?
The poverty rate in ZIP code 46540 is 6.9% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.
Related
Take this with you
What to do with ZIP 46540's numbers, next.
- See how ZIP 46540 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Middlebury, 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.