Population 16,139 · Census ACS 2020–24
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Population and households in ZIP 46040
Household size in ZIP 46040
| Period | ZIP 46040 | Indianapolis area | Indiana | U.S. |
|---|---|---|---|---|
| 2006–10 | 3.02 | 2.60 | 2.57 | 2.68 |
| 2010–14 | 3.17 | 2.63 | 2.59 | 2.73 |
| 2015–19 | 2.80 | 2.63 | 2.57 | 2.71 |
| 2020–24 | 2.83 | 2.59 | 2.54 | 2.65 |
| Change | −0.19 | −0.01 | −0.03 | −0.03 |
The typical household in ZIP 46040 holds 2.83 people, more than the U.S. average of 2.65. Household size has dropped from 3.02 in 2006–10, a much bigger shift than nationally. Households are largest in the west and smallest in the southeast.
Household size: the average number of people living in each occupied home. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25010).
Median age in ZIP 46040
| Period | ZIP 46040 | Indianapolis area | Indiana | U.S. |
|---|---|---|---|---|
| 2006–10 | 36.7 | 36.3 | 37.5 | 37.7 |
| 2010–14 | 38.0 | 37.0 | 38.4 | 38.6 |
| 2015–19 | 38.6 | 37.7 | 39.1 | 39.6 |
| 2020–24 | 38.3 | 38.2 | 39.3 | 40.1 |
| Change | +1.6 | +1.9 | +1.7 | +2.3 |
The median resident of ZIP 46040 is 38.3 years old, a few years younger than the national median of 40.1. Since 2006–10, the median age has climbed from 36.7, in line with the national trend. The youngest areas are in the west, the oldest in the southeast.
Median age: the age that splits residents into two equal halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B01002).
Single-parent households in ZIP 46040
| Period | ZIP 46040 | Indianapolis area | Indiana | U.S. |
|---|---|---|---|---|
| 2006–10 | 13.7% | 12.7% | 11.8% | 12.3% |
| 2010–14 | 11.0% | 12.8% | 12.0% | 12.3% |
| 2015–19 | 5.6% | 12.0% | 11.6% | 11.6% |
| 2020–24 | 8.2% | 11.8% | 11.7% | 11.6% |
| Change | −5.5 pts | −0.9 pts | −0.1 pts | −0.6 pts |
Single parents head only 8.2% of households in ZIP 46040, well below the national share of 11.6%. Since 2006–10, the single-parent share has fallen 5.5 points, a much bigger shift than nationally. ZIP 46040 has a lower share of single-parent households than the great majority of Indiana ZIP codes.
Single-parent households: households where one adult with no spouse present lives with children under 18. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B11003).
Housing in ZIP 46040
Renters in ZIP 46040
| Period | ZIP 46040 | Indianapolis area | Indiana | U.S. |
|---|---|---|---|---|
| 2006–10 | 19.1% | 31.4% | 28.5% | 33.3% |
| 2010–14 | 20.4% | 34.2% | 30.5% | 35.6% |
| 2015–19 | 12.6% | 34.8% | 30.9% | 36.0% |
| 2020–24 | 14.4% | 33.2% | 29.4% | 34.8% |
| Change | −4.7 pts | +1.8 pts | +1.0 pts | +1.5 pts |
Only 14.4% of households in ZIP 46040 rent their homes, far below the national share of 34.8%, so most residents are owners who tend to stay put. Among homeowners, 21.4% have no mortgage at all, well below the national share of 39.8%. Rentals cluster in the center; owners are most common in the west. The renter share is down 4.7 points from 2006–10, even as the national share rose.
Renters: occupied homes that are rented rather than owned. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25003).
Vacant homes in ZIP 46040
| Period | ZIP 46040 | Indianapolis area | Indiana | U.S. |
|---|---|---|---|---|
| 2006–10 | 6.5% | 11.2% | 11.2% | 11.4% |
| 2010–14 | 10.8% | 10.6% | 11.2% | 11.4% |
| 2015–19 | 4.2% | 9.6% | 10.9% | 11.1% |
| 2020–24 | 2.7% | 8.0% | 9.3% | 9.6% |
| Change | −3.8 pts | −3.2 pts | −2.0 pts | −1.8 pts |
Only 2.7% of homes in ZIP 46040 are vacant, far below the national rate of 9.6%, which usually means strong demand for housing. Since 2006–10, vacancy has fallen 3.8 points, mirroring the country. Of the 301 Indiana ZIP codes with 5,000+ people, only two have a lower vacancy rate.
Vacant homes: homes with no one living in them, including vacation homes and homes for sale or rent. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25002).
Age of homes in ZIP 46040
| Period | ZIP 46040 | Indianapolis area | Indiana | U.S. |
|---|---|---|---|---|
| 2006–10 | 1988 | 1978 | 1972 | 1974 |
| 2010–14 | 1994 | 1979 | 1973 | 1975 |
| 2015–19 | 1991 | 1980 | 1974 | 1977 |
| 2020–24 | 1999 | 1982 | 1977 | 1980 |
| Change | +11 | +5 | +5 | +6 |
Much of the housing in ZIP 46040 is relatively new: half of its homes were built after 1999, compared with 1980 for the U.S. as a whole. The median year built has moved up from 1988 in 2006–10, a sign of steady new building. Newer construction is concentrated in the west, while the center has the oldest housing. Only 14 of the 301 Indiana ZIP codes with 5,000+ people have newer homes.
Age of homes: the year that splits the housing stock into older and newer halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25035).
Rent in ZIP 46040
| Period | ZIP 46040 | Indianapolis area | Indiana | U.S. |
|---|---|---|---|---|
| 2006–10 | $774 | $877 | $763 | $965 |
| 2010–14 | $1,307 | $946 | $819 | $1,040 |
| 2015–19 | $1,177 | $1,060 | $903 | $1,213 |
| 2020–24 | $1,547 | $1,368 | $1,146 | $1,571 |
| Change | +$774 | +$492 | +$384 | +$606 |
Rent in ZIP 46040 runs $1,547 a month at the median, utilities included, close to the U.S. median of $1,571. Rents here are higher than in the Indianapolis area as a whole ($1,368). Rent has climbed $774 a month since 2006–10, up 100%, faster than rents rose nationally. Rent takes 27.2% of the typical renter's income, just under the 30% mark often used to define affordable rent.
Rent: monthly rent plus the utilities renters pay themselves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25064).
Education in ZIP 46040
Bachelor's degrees in ZIP 46040
| Period | ZIP 46040 | Indianapolis area | Indiana | U.S. |
|---|---|---|---|---|
| 2006–10 | 44.7% | 30.9% | 23.8% | 28.4% |
| 2010–14 | 46.6% | 31.8% | 24.6% | 29.6% |
| 2015–19 | 47.8% | 35.2% | 27.1% | 32.1% |
| 2020–24 | 52.1% | 38.6% | 30.0% | 35.6% |
| Change | +7.5 pts | +7.7 pts | +6.2 pts | +7.2 pts |
ZIP 46040 is highly educated: just over half of adults 25 and older (52.1%) hold at least a bachelor's degree, far above the national share of 35.6%. The share with a degree is up 7.5 points from 2006–10, mirroring the country. Of the 301 Indiana ZIP codes with 5,000+ people, only 26 have a higher share of college graduates.
Bachelor's degrees: adults 25 and older with a bachelor's degree or higher. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
High school graduates in ZIP 46040
| Period | ZIP 46040 | Indianapolis area | Indiana | U.S. |
|---|---|---|---|---|
| 2006–10 | 94.3% | 88.1% | 86.5% | 84.9% |
| 2010–14 | 94.4% | 88.9% | 87.7% | 86.1% |
| 2015–19 | 94.5% | 89.6% | 88.7% | 87.7% |
| 2020–24 | 93.8% | 90.8% | 89.9% | 89.3% |
| Change | −0.5 pts | +2.8 pts | +3.4 pts | +4.3 pts |
High school completion in ZIP 46040 is above the national rate: 93.8% of adults have a diploma or equivalent, against 89.3%. ZIP 46040 has a higher share of high school graduates than most Indiana ZIP codes.
High school graduates: adults 25 and older with a high school diploma, GED or more. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
Jobs in ZIP 46040
| Period | ZIP 46040 | Indianapolis area | Indiana | U.S. |
|---|---|---|---|---|
| 2006–10 | 4.5% | 7.9% | 8.4% | 8.1% |
| 2010–14 | 7.5% | 9.0% | 8.9% | 9.4% |
| 2015–19 | 1.1% | 4.9% | 4.9% | 5.6% |
| 2020–24 | 1.1% | 4.1% | 4.3% | 5.4% |
| Change | −3.4 pts | −3.7 pts | −4.1 pts | −2.7 pts |
The job market in ZIP 46040 has been strong: just 1.1% of the labor force was out of work and looking, well below the national rate of 5.4%. Of the 301 Indiana ZIP codes with 5,000+ people, only three have lower unemployment. Unemployment is down 3.4 points from 2006–10, in line with the national trend.
Unemployment: people looking for work as a share of everyone working or looking. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B23025).
ZIP 46040 compared with nearby ZIP codes
| ZIP code | Household size | Median age | Single parents | Renters | Vacant homes | Median year built | Median rent | Bachelor's degree | High school diploma | Unemployment |
|---|---|---|---|---|---|---|---|---|---|---|
| ZIP 46040 | 2.83 | 38.3 | 8.2% | 14.4% | 2.7% | 1999 | $1,547 | 52.1% | 93.8% | 1.1% |
| ZIP 46048 | 2.75 | 43.1 | 15.8% | 24.4% | 7.8% | 1992 | $1,344 | 15.1% | 89.5% | 2.1% |
| ZIP 46055 | 2.77 | 36.6 | 6.7% | 15.5% | 6.1% | 2008 | $1,489 | 57.2% | 96.2% | 1.8% |
| ZIP 46037 | 2.92 | 39.7 | 6.9% | 21.4% | 5.9% | 2004 | $1,758 | 68.6% | 98.2% | 2.9% |
| ZIP 46064 | 2.64 | 40.1 | 9.3% | 14.0% | 5.9% | 1984 | $1,213 | 30.2% | 93.2% | 6.3% |
| ZIP 46236 | 2.80 | 39.3 | 8.9% | 11.5% | 5.2% | 1992 | $1,973 | 50.0% | 93.7% | 3.4% |
| ZIP 46154 | 2.59 | 41.0 | 5.2% | 23.0% | 3.9% | 1989 | $1,032 | 34.1% | 94.2% | 3.6% |
| ZIP 46038 | 2.66 | 37.2 | 8.6% | 30.3% | 6.0% | 1998 | $1,831 | 62.2% | 97.2% | 3.2% |
| ZIP 46256 | 2.42 | 40.7 | 8.2% | 24.8% | 9.9% | 1986 | $1,216 | 56.1% | 95.2% | 2.9% |
| ZIP 46051 | 2.55 | 37.3 | 15.4% | 28.2% | 6.9% | 1971 | $1,283 | 27.9% | 96.1% | 5.8% |
| ZIP 46060 | 2.58 | 36.6 | 10.2% | 30.4% | 6.0% | 1994 | $1,445 | 46.9% | 95.7% | 3.3% |
All figures 2020–24.
Zip codes with similar populations: 01850, MA · 20794, MD · 20015, DC · 19512, PA · 17070, PA · 16701, PA · 16148, PA · 12589, NY · 10549, NY · 07020, NJ
About these numbers
Every figure on this page is a BestNeighborhood calculation from the Census Bureau's American Community Survey (ACS), built up from the Census block groups that make up ZIP 46040. Each ACS 5-year release pools five years of responses; this page shows the last 15 releases, 2006–10 through 2020–24. Neighboring releases share four of their five years, so they move gradually and small changes between them are within the survey's margin of error; in small places the lines can jump from one release to the next for the same reason. The maps show the same measures for each neighborhood, ranked against the whole country.
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