PlainZIP

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
$78,606
Median income
$187,900
Median home value
12.0%
Bachelor's or higher

The verdict

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.

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 Indiana average), while per-capita income is $30,972. Local economic indicators show a 4.2% poverty rate alongside 1.2% unemployment. Housing costs here run $187,900 for a typical home value (3% below the state average), with rent averaging $1,092 a month; 81.9% of 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. A geography-based comparison follows: 7 ZIP codes within about 10 miles of 46542, plus 6 more within Kosciusko County, give a clearer read than the national average alone.

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.

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 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

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 46542?

35.1

Median Age

49.3%

Male

50.7%

Female

4.5%

Foreign-Born

White 91.4%
African American 0.0%
Asian 1.1%
American Indian or Alaska Native 0.2%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 5.4%
Hispanic or Latino 8.2%

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

How ZIP 46542 ranks nationally

Milford, IN household income vs. every US ZIP code

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

$78,606 Top 40% higher than 60% 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%). This entry sits in this band. $80,000–$100,000: 5,778 US ZIPs (19%). Above this entry. $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 51.8%
Bachelor's Degree or Higher 12.0%

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

Owner 81.9%
Renter 18.1%

$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 →

ZIP 46542 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 46542 ranks #4 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 46542 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 46542 ranks #4 of 7 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
46553 New Paris, IN 3,428 6.2 mi
46538 Leesburg, IN 3,867 5.3 mi
46582 Warsaw, IN 12,378 7.5 mi
46567 Syracuse, IN 9,405 7.6 mi
46550 Nappanee, IN 12,311 7.5 mi
46502 Atwood, IN 115 10.6 mi
46524 Etna Green, IN 2,326 10.0 mi

More ZIP Codes in Kosciusko County

46580 standard
Warsaw, IN
Pop: 21,338
46582 standard
Warsaw, IN
Pop: 12,378
46567 standard
Syracuse, IN
Pop: 9,405
46590 standard
Winona Lake, IN
Pop: 4,908
46562 standard
Pierceton, IN
Pop: 4,788
46538 standard
Leesburg, IN
Pop: 3,867

Related Areas

Kosciusko County Milford, IN Indiana

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.

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