PlainZIP

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
$96,615
Median income
$313,700
Median home value
20.2%
Bachelor's or higher

The verdict

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.

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 Indiana average), while per-capita income is $37,768. The poverty rate stands at 6.9% and the unemployment rate at 2.3%. The typical home here is valued at $313,700 (62% above the state average); renters pay a median of $1,148 monthly, and 84.7% of units are owner-occupied.

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. To put 46540 in local context, 5 ZIP codes within roughly 10 miles appear further down this page alongside 6 additional ZIPs in Elkhart County, for a geography-aware comparison.

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.

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 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

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 46540?

32.1

Median Age

51.3%

Male

48.7%

Female

2.4%

Foreign-Born

White 89.5%
African American 1.5%
Asian 1.1%
American Indian or Alaska Native 0.0%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 5.0%
Hispanic or Latino 5.1%

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

How ZIP 46540 ranks nationally

Middlebury, IN household income vs. every US ZIP code

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

$96,615 Top 21% higher than 79% 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%). Below this entry. $80,000–$100,000: 5,778 US ZIPs (19%). This entry sits in this band. $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 47.6%
Bachelor's Degree or Higher 20.2%

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

Owner 84.7%
Renter 15.3%

$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 →

ZIP 46540 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 46540 ranks #2 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 46540 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 46540 ranks #2 of 6 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
46565 Shipshewana, IN 7,950 6.2 mi
49099 White Pigeon, MI 5,629 8.0 mi
46528 Goshen, IN 26,104 6.6 mi
46507 Bristol, IN 9,128 6.9 mi
46543 Millersburg, IN 3,654 9.9 mi

More ZIP Codes in Elkhart County

46514 standard
Elkhart, IN
Pop: 40,263
46516 standard
Elkhart, IN
Pop: 33,501
46526 standard
Goshen, IN
Pop: 30,671
46528 standard
Goshen, IN
Pop: 26,104
46517 standard
Elkhart, IN
Pop: 23,764
46550 standard
Nappanee, IN
Pop: 12,311

Related Areas

Elkhart County Middlebury, IN Indiana

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.

Read our methodology to see how this data is sourced, computed, and verified.