ZIP Code 46542
standardSource:
Milford · Kosciusko County · Indiana
- Population
- 4,198
- Median income
- $78,606
- Median home value
- $187,900
- Bachelor's or higher
- 12.0%
- Land area
- 134.1 sq mi
31/sq mi
▲ 3% vs US
higher than 60% of US ZIPs
▼ 32% vs US
higher than 40% of US ZIPs
Median age 35.1
Indiana/Indianapolis
ZIP code 46542 in Milford, Indiana has a population of 4,198. The median household income is $78,606, which is 3% above the national average. Median home value is $187,900, 32% below the US average. 12.0% of residents hold a bachelor's degree or higher.
ZIP code 46542 is classified by USPS as a standard delivery area and covers roughly 134.1 square miles in Milford, Kosciusko County, Indiana. The area is home to 4,198 residents, producing a population density of 31 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 46542 against Indiana and the nation.
On the economic side, the median household income for ZIP 46542 sits at $78,606 (7% above the Indiana average), while per-capita income is $30,972. The poverty rate stands at 4.2% and the unemployment rate at 1.2%. On housing, the median home value is $187,900 (3% below the state average) with median rent at $1,092 per month, and 81.9% of occupied units are owner-occupied, a direct signal of whether 46542 behaves more like a homeowner neighborhood or a renter-heavy ZIP.
Education and household profile round out the picture: 12.0% of adults hold a bachelor's degree or higher, the median age is 35.1, and the average commute is 29 minutes. We also surface 7 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Kosciusko County, so you can benchmark 46542 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 46542
Top 5 sectors by establishment count
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 + HUD FMR + FHFA HPI ACS demographics, ZBP business establishments, HUD Fair Market Rents, 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; HUD FMR + 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
$30,972
Per Capita Income
4.2%
Poverty Rate
1.2%
Unemployment Rate
28.7 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?
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
$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 →
More ZIP Codes in Kosciusko County
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Frequently Asked Questions
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What are the main industries in ZIP code 46542? ▼
How have home values changed in ZIP code 46542? ▼
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What is the average commute time in ZIP 46542? ▼
What percentage of residents own vs. rent in ZIP 46542? ▼
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ZIP Code Research Guides
Official Data Resources for Milford, 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.