ZIP 46231 · Indianapolis, Indiana

Population

10,371 people call ZIP 46231 home.

10,371

people.

Census ACS 5-year, 2020-2024. Sources: Census ACS 5-year

Rent

Median rent is down 8% since the 2010–2014 survey, before inflation.

$1,254

a month. Indiana's median is $1,062.

Census ACS 5-year, 2020-2024 (latest), with earlier 5-year windows. Sources: Census ACS 5-year

Room to build

The median rent sits inside what local wages can carry.

$1,052–$1,578

is the monthly rent range local workforce wages support.

• $1,254 median

Supportable rent computed by the Almanac from 2023 source wage data. Median rent: Census ACS 5-year, 2020-2024. Sources: Computed by the Almanac, Census ACS 5-year

Building

49% of the housing here was built before 2000.

• 49% of all homes were built before 2000

Census ACS 5-year, 2020-2024. Sources: Census ACS 5-year

Units needed

Closing the gap would add 0.2–3.0% to the 3,997 homes here.

9–121

is the estimated number of missing housing units, from the lowest to the highest of three estimates.

Range computed by the Almanac from 2023 jobs and household data, using three demand models: 1% of jobs located here, 1% of renter households, and a rate by town size applied to renters. The low end is the lowest of the three and the high end the highest. It is an estimate, not a count. Sources: Computed by the Almanac

Home value

A median home costs 1% more than Indiana's.

$219,600

median home value in ZIP 46231.

• $219,600 ZIP 46231
• $218,200 Indiana
• $332,700 U.S.

Census ACS 5-year, 2020-2024. Sources: Census ACS 5-year