Population 42,539 · Census ACS 2020–24
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Population and households in ZIP 46123
Household size in ZIP 46123
| Period | ZIP 46123 | Indianapolis area | Indiana | U.S. |
|---|---|---|---|---|
| 2006–10 | 2.76 | 2.60 | 2.57 | 2.68 |
| 2010–14 | 2.86 | 2.63 | 2.59 | 2.73 |
| 2015–19 | 2.83 | 2.63 | 2.57 | 2.71 |
| 2020–24 | 2.66 | 2.59 | 2.54 | 2.65 |
| Change | −0.10 | −0.01 | −0.03 | −0.03 |
Households in ZIP 46123 average 2.66 people, about the same as the country as a whole (2.65). Household size has dropped from 2.76 in 2006–10, a much bigger shift than nationally. The biggest households, usually families with children, are concentrated in the northeast.
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 46123
| Period | ZIP 46123 | Indianapolis area | Indiana | U.S. |
|---|---|---|---|---|
| 2006–10 | 36.5 | 36.3 | 37.5 | 37.7 |
| 2010–14 | 37.2 | 37.0 | 38.4 | 38.6 |
| 2015–19 | 38.9 | 37.7 | 39.1 | 39.6 |
| 2020–24 | 40.5 | 38.2 | 39.3 | 40.1 |
| Change | +4.0 | +1.9 | +1.7 | +2.3 |
Half of the people in ZIP 46123 are younger than 40.5 and half are older, close to the national median of 40.1. The population here is older than in the Indianapolis area as a whole, where the median age is 38.2. Since 2006–10, the median age has climbed from 36.5, as it has nationally.
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 46123
| Period | ZIP 46123 | Indianapolis area | Indiana | U.S. |
|---|---|---|---|---|
| 2006–10 | 10.7% | 12.7% | 11.8% | 12.3% |
| 2010–14 | 12.1% | 12.8% | 12.0% | 12.3% |
| 2015–19 | 9.8% | 12.0% | 11.6% | 11.6% |
| 2020–24 | 11.5% | 11.8% | 11.7% | 11.6% |
| Change | +0.8 pts | −0.9 pts | −0.1 pts | −0.6 pts |
Single parents head nearly one in eight households in ZIP 46123 (11.5%), close to the national share of 11.6%. The single-parent share is up 0.8 points from 2006–10, even as the national share fell.
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 46123
Renters in ZIP 46123
| Period | ZIP 46123 | Indianapolis area | Indiana | U.S. |
|---|---|---|---|---|
| 2006–10 | 14.3% | 31.4% | 28.5% | 33.3% |
| 2010–14 | 15.2% | 34.2% | 30.5% | 35.6% |
| 2015–19 | 14.6% | 34.8% | 30.9% | 36.0% |
| 2020–24 | 18.7% | 33.2% | 29.4% | 34.8% |
| Change | +4.4 pts | +1.8 pts | +1.0 pts | +1.5 pts |
Only 18.7% of households in ZIP 46123 rent their homes, far below the national share of 34.8%, so most residents are owners who tend to stay put. Nearly a quarter of owners (23.6%) have paid off their mortgages, well below the national share of 39.8%. Renting is most common in the east and least common in the southwest. The renter share has risen 4.4 points since 2006–10, in line with the national trend.
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 46123
| Period | ZIP 46123 | Indianapolis area | Indiana | U.S. |
|---|---|---|---|---|
| 2006–10 | 6.2% | 11.2% | 11.2% | 11.4% |
| 2010–14 | 7.4% | 10.6% | 11.2% | 11.4% |
| 2015–19 | 6.0% | 9.6% | 10.9% | 11.1% |
| 2020–24 | 5.9% | 8.0% | 9.3% | 9.6% |
| Change | −0.4 pts | −3.2 pts | −2.0 pts | −1.8 pts |
Fewer homes sit empty in ZIP 46123 than nationally: 5.9%, against 9.6% for the U.S. ZIP 46123 has a lower vacancy rate than at least four in five Indiana ZIP codes.
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 46123
| Period | ZIP 46123 | Indianapolis area | Indiana | U.S. |
|---|---|---|---|---|
| 2006–10 | 1997 | 1978 | 1972 | 1974 |
| 2010–14 | 1997 | 1979 | 1973 | 1975 |
| 2015–19 | 1998 | 1980 | 1974 | 1977 |
| 2020–24 | 2002 | 1982 | 1977 | 1980 |
| Change | +5 | +5 | +5 | +6 |
Much of the housing in ZIP 46123 is relatively new: half of its homes were built after 2002, compared with 1980 for the U.S. as a whole. The median year built has moved up from 1997 in 2006–10, a sign of steady new building. Only eight 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 46123
| Period | ZIP 46123 | Indianapolis area | Indiana | U.S. |
|---|---|---|---|---|
| 2006–10 | $1,130 | $877 | $763 | $965 |
| 2010–14 | $1,027 | $946 | $819 | $1,040 |
| 2015–19 | $1,186 | $1,060 | $903 | $1,213 |
| 2020–24 | $1,462 | $1,368 | $1,146 | $1,571 |
| Change | +$331 | +$492 | +$384 | +$606 |
The median renter in ZIP 46123 pays $1,462 a month for rent and utilities, below the national median of $1,571. Locally, though, rents here are higher than in the wider Indianapolis area ($1,368). Rent has climbed $331 a month since 2006–10, up 29%, a slower climb than the nation's. The typical renter here spends 27.1% of household income on rent, just under the 30% mark often used to define affordable rent, and a smaller share than renters pay nationally.
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 46123
Bachelor's degrees in ZIP 46123
| Period | ZIP 46123 | Indianapolis area | Indiana | U.S. |
|---|---|---|---|---|
| 2006–10 | 37.8% | 30.9% | 23.8% | 28.4% |
| 2010–14 | 35.9% | 31.8% | 24.6% | 29.6% |
| 2015–19 | 43.0% | 35.2% | 27.1% | 32.1% |
| 2020–24 | 40.9% | 38.6% | 30.0% | 35.6% |
| Change | +3.1 pts | +7.7 pts | +6.2 pts | +7.2 pts |
College degrees are a bit more common in ZIP 46123 than nationally: 40.9% of adults 25 and older have a bachelor's or higher, against 35.6%. Since 2006–10, the share with a degree has risen 3.1 points, as it has nationally. College graduates are most concentrated in the north and least in the southeast.
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 46123
| Period | ZIP 46123 | Indianapolis area | Indiana | U.S. |
|---|---|---|---|---|
| 2006–10 | 95.7% | 88.1% | 86.5% | 84.9% |
| 2010–14 | 95.2% | 88.9% | 87.7% | 86.1% |
| 2015–19 | 95.8% | 89.6% | 88.7% | 87.7% |
| 2020–24 | 94.3% | 90.8% | 89.9% | 89.3% |
| Change | −1.4 pts | +2.8 pts | +3.4 pts | +4.3 pts |
High school completion is high in ZIP 46123: 94.3% of adults 25 and older have a diploma or equivalent, well above the national rate of 89.3%. The share with a diploma is down 1.4 points from 2006–10, even as the national rate rose.
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 46123
| Period | ZIP 46123 | Indianapolis area | Indiana | U.S. |
|---|---|---|---|---|
| 2006–10 | 5.1% | 7.9% | 8.4% | 8.1% |
| 2010–14 | 5.4% | 9.0% | 8.9% | 9.4% |
| 2015–19 | 4.3% | 4.9% | 4.9% | 5.6% |
| 2020–24 | 2.6% | 4.1% | 4.3% | 5.4% |
| Change | −2.4 pts | −3.7 pts | −4.1 pts | −2.7 pts |
Unemployment in ZIP 46123 has been low: just 2.6% of the labor force was out of work and looking, well below the national rate of 5.4%. Since 2006–10, unemployment has fallen 2.4 points, as it has nationally. Because the Census pools five years of responses (2020–24), these rates smooth over short swings and lag the current job market.
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 46123 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 46123 | 2.66 | 40.5 | 11.5% | 18.7% | 5.9% | 2002 | $1,462 | 40.9% | 94.3% | 2.6% |
| ZIP 46231 | 2.75 | 37.6 | 13.4% | 26.1% | 5.3% | 2001 | $1,632 | 25.2% | 84.2% | 3.0% |
| ZIP 46234 | 2.64 | 38.1 | 17.8% | 24.2% | 5.9% | 1995 | $1,520 | 38.0% | 90.5% | 3.2% |
| ZIP 46168 | 2.58 | 39.6 | 12.0% | 31.9% | 5.8% | 1994 | $1,527 | 33.3% | 90.7% | 3.6% |
| ZIP 46112 | 2.85 | 37.9 | 10.5% | 19.1% | 5.0% | 1998 | $1,581 | 49.3% | 95.9% | 2.1% |
| ZIP 46214 | 2.42 | 36.0 | 20.5% | 52.8% | 7.2% | 1981 | $1,588 | 26.4% | 90.9% | 4.4% |
| ZIP 46122 | 2.61 | 41.4 | 7.0% | 20.9% | 5.9% | 1986 | $1,012 | 34.7% | 96.9% | 1.9% |
| ZIP 46224 | 2.56 | 32.3 | 16.8% | 64.0% | 8.5% | 1970 | $1,171 | 24.5% | 84.9% | 4.8% |
| ZIP 46241 | 2.98 | 31.5 | 21.5% | 46.5% | 8.2% | 1968 | $1,216 | 14.9% | 73.2% | 7.9% |
| ZIP 46167 | 2.80 | 39.0 | 4.6% | 3.3% | 2.3% | 1998 | $1,051 | 45.8% | 97.6% | 2.8% |
| ZIP 46254 | 2.56 | 33.7 | 16.6% | 50.5% | 8.3% | 1986 | $1,220 | 29.9% | 85.9% | 7.4% |
All figures 2020–24.
Zip codes with similar populations: 77024, TX · 60543, IL · 95691, CA · 33071, FL · 84037, UT · 90036, CA · 90605, CA · 40291, KY · 94590, CA · 30060, GA
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 46123. 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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