Milford, IN · standard
ZIP Code 46542
Kosciusko County, Indiana - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 4,198
- 31/sq mi Moderate-density area
- $78,606
- Median income Near-median income area
- $187,900
- Median home value Near-median home value
- 12.0%
- Bachelor's or higher Below-average bachelor's attainment
National ZIP placement
Milford pairs an above-median household income with below-median home values, in a rural, homeowner-dominated area.
- Top 40%
- household income, US ZIPs
- 40th pct
- home value, US ZIPs
- 31
- people per sq mi
- 82%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 46542 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 46542 (Milford, IN) rose +3.9% from 2023 to 2024. The all-transactions index moved from 190.2 in 2023 to 197.7 in 2024 (2000 = 100).
ZIP code 46542 covers 134.1 square miles in Milford, Kosciusko County, Indiana (a standard USPS delivery area), with a modest 4,198 residents on file, a density of 31 people per square mile, in the Indiana/Indianapolis time zone.
ZIP 46542 lands in the middle-income range, with a median household income of $78,606 (7% above the average Indiana ZIP), while per-capita income is $30,972. Both reported hardship measures are comparatively low in absolute terms: poverty is 4.2% and unemployment is 1.2%. Median home value is $187,900 (3% below the average Indiana ZIP) and median rent is $1,092; 81.9% of occupied homes are owner-occupied.
Formal educational attainment runs low here: just 12.0% of adults hold a bachelor's degree or higher, the median age is 35.1, and the average commute is 29 minutes. The page also surfaces 7 ZIP codes within roughly 10 miles and 6 more in Kosciusko County, so 46542 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 46542
Top 5 sectors by establishment count in Milford, IN
Which industries have the most business establishments in ZIP 46542.
- Construction
Construction
17 establishments
- Manufacturing
Manufacturing
16 establishments
- Retail trade
Retail trade
11 establishments
- Other services (except public administration)
Other services (except public administration)
11 establishments
- Administrative and support and waste management and remediation services
Administrative and support and waste management and remediation services
10 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 46542, Milford, 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
4,198
Population
134.1
Area (sq mi)
31
People / sq mi
Indiana/Indianapolis
Time Zone
standard
ZIP Type
Who lives in ZIP 46542?
35.1
Median Age
49.3%
Male
50.7%
Female
4.5%
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?
$78,606
Median Household Income
+7% vs state ZIP avg
$30,972
Per Capita Income
4.2%
Poverty Rate
1.2%
Unemployment Rate
28.7 min
Mean Commute Time
How ZIP 46542 ranks among Indiana ZIPs
Milford, 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)
$78,606 Top 34% higher than 66% 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
1,931housing units
1,931
Total Housing Units
1,825
Occupied Units
106
Vacant Units
2.76
Avg Household Size
Occupancy Type
$187,900
Median Home Value
-3% vs state ZIP avg
$1,092
Median Rent
1977
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
+3.9%
YoY Change (2024)
198
HPI Index (2000 = 100)
+98%
Total Change Since 2000
Home values in ZIP 46542 have increased 3.9% over the past year (2024). Since 2000, this ZIP has seen +98% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | -1.1% | 143 |
| 2021 | +15.2% | 164 |
| 2022 | +19.8% | 197 |
| 2023 | -3.3% | 190 |
| 2024 | +3.9% | 198 |
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 99 business establishments in ZIP 46542, employing approximately 1,801 people with a combined annual payroll of $122,234,000.
99
Businesses
1,801
Employees
$122.2M
Annual Payroll
11
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Construction | 17 | 17.2% |
| Manufacturing | 16 | 16.2% |
| Retail trade | 11 | 11.1% |
| Other services (except public administration) | 11 | 11.1% |
| Administrative and support and waste management and remediation services | 10 | 10.1% |
| Health care and social assistance | 6 | 6.1% |
| Accommodation and food services | 6 | 6.1% |
| Transportation and warehousing | 5 | 5.0% |
| Wholesale trade | 4 | 4.0% |
| Professional, scientific, and technical services | 3 | 3.0% |
| Educational services | 3 | 3.0% |
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 46542 vs 46553 →
ZIP 46542 vs its nearest neighbors, by population
Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 46582
Warsaw (46582)
12,378 residents
- 46550
Nappanee (46550)
12,311 residents
- 46567
Syracuse (46567)
9,405 residents
- 46542 4,198
Milford (46542)
4,198 residents
- 46538 3,867
Leesburg (46538)
3,867 residents
- 46553 3,428
New Paris (46553)
3,428 residents
- 46524 2,326
Etna Green (46524)
2,326 residents
- 46502 115
Atwood (46502)
115 residents
What this shows Among its immediate neighbors, ZIP 46542 ranks #4 by population - useful context the national average alone can't give.
ZIP 46542 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 46538
Leesburg (46538)
$89,803 median income
- 46553
New Paris (46553)
$89,417 median income
- 46550
Nappanee (46550)
$84,084 median income
- 46542
Milford (46542)
$78,606 median income
- 46567
Syracuse (46567)
$77,103 median income
- 46582
Warsaw (46582)
$66,738 median income
- 46524
Etna Green (46524)
$65,987 median income
What this shows By household income, ZIP 46542 ranks #4 of 7 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 46542, 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 (4,198 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.
More ZIP Codes in Kosciusko County
Related Areas
Frequently Asked Questions
What county is ZIP code 46542 in?
ZIP code 46542 (Milford) is located in Kosciusko County, Indiana. Kosciusko County contains multiple ZIP codes, see the full list at /counties/kosciusko-in.
What is the population of ZIP code 46542?
ZIP code 46542 in Milford, IN has a population of 4,198 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 46542?
The median household income in ZIP 46542 is $78,606, which is 3% above the national average of $76,288.
What is the average home value in ZIP 46542?
The median home value in ZIP 46542 is $187,900, which is 32% below the national average of $278,155.
What is the demographic makeup of ZIP 46542?
The largest racial group in ZIP 46542 is White at 91.4%. Hispanic or Latino residents make up 8.2% of the population.
How many businesses are in ZIP code 46542?
ZIP code 46542 has 99 business establishments employing approximately 1,801 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 46542?
The top industries by establishment count in ZIP 46542 are: Construction (17), Manufacturing (16), Retail trade (11). There are 11 industry sectors represented in total.
How have home values changed in ZIP code 46542?
According to the FHFA House Price Index, home values in ZIP 46542 increased by 3.9% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 98%. 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 46542?
In ZIP code 46542, 51.8% of residents aged 25+ have a high school diploma or higher, and 12.0% 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 46542?
The mean commute time for workers in ZIP code 46542 is 28.7 minutes according to Census ACS data. The national average is roughly 26 minutes, so commuters here spend more time traveling to work than typical.
What percentage of residents own vs. rent in ZIP 46542?
In ZIP code 46542, approximately 81.9% of occupied housing units are owner-occupied and 18.1% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 46542?
The poverty rate in ZIP code 46542 is 4.2% 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 46542's numbers, next.
- See how ZIP 46542 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Milford, IN ranks among every U.S. ZIP code on income, education, or homeownership View national rankings
- Save this ZIP to your shortlist to track alongside others you're considering View your shortlist
ZIP Code Tabulation Areas (ZCTAs) are Census Bureau approximations of USPS ZIP codes; figures describe the ZCTA area, not any single address within it.