ZIP Code 46038: Population, Income, Housing

State: IN

Total population: 43,754 Household income: $106,886 Rent: $1,575

Overview

Total population

43,754

Rent

$1,575

Year built

1997

Household income

$106,886

Per capita income

$50,907

Poverty rate

4.8%

Unemployment rate

N/A

Household size

2.5 persons

Rent over 30% of income

39.6%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Demographics

State

Indiana

County

Hamilton County

City

Fishers

Total population

43,754

Adults over 25

29,369

Total households

17,281

Household size

2.5 persons

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Income & Poverty

Household income

$106,886

Per capita income

$50,907

Poverty rate

4.8%

Unemployment rate

N/A

Rent over 30% of income

39.6%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Housing

Rent

$1,575

Year built

1997

Households that rent

29.9%

Households that own

70.1%

Rooms per home (all homes)

6.4

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Race

White

78.6%

Black

6.1%

Asian

6.5%

Two or more races

6.1%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Ethnicity

Hispanic or Latino

5.3%

Not Hispanic or Latino

94.7%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Commute

Commute rate

18,609 (75.8%)

Commute time to work

24 mins

Work from home

5,942 (24.2%)

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Education

Less than high school

17.8%

High school graduate or GED

12.1%

Some college or associate degree

8.7%

Bachelor’s degree or higher

61.4%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Comparison of ZIP Code 46038 with: Hamilton County, IN Fishers, IN Indianapolis metro area, IN Indiana United States

ZIP 46038

Total population43,754

Rent$1,575

Year built1997

Household income$106,886

Per capita income$50,907

Poverty rate4.8%

Unemployment rateN/A

Hamilton County, IN

Total population365,056

Rent$1,574

Year built2001

Household income$121,530

Per capita income$60,278

Poverty rate4.4%

Unemployment rate3.1%

Fishers, IN

Total population102,337

Rent$1,611

Year built2002

Household income$130,203

Per capita income$57,737

Poverty rate4%

Unemployment rate3%

Indianapolis Metro Area, IN

Total population2,130,055

Rent$1,191

Year built1983

Household income$79,852

Per capita income$43,743

Poverty rate10.7%

Unemployment rate3.9%

Indiana State

Total population6,851,073

Rent$1,062

Year built1976

Household income$71,957

Per capita income$38,351

Poverty rate12.3%

Unemployment rate4.2%

United States

Total population334,922,499

Rent$1,413

Year built1980

Household income$80,734

Per capita income$44,673

Poverty rate12.5%

Unemployment rate4%

Metric	ZIP46038	CountyHamilton, IN	CityFishers, IN	Metro AreaIndianapolis metro area, IN	StateIndiana	CountryUnited States
Total population	43,754	365,056	102,337	2,130,055	6,851,073	334,922,499
Rent	$1,575	$1,574	$1,611	$1,191	$1,062	$1,413
Year built	1997	2001	2002	1983	1976	1980
Household income	$106,886	$121,530	$130,203	$79,852	$71,957	$80,734
Per capita income	$50,907	$60,278	$57,737	$43,743	$38,351	$44,673
Poverty rate	4.8%	4.4%	4%	10.7%	12.3%	12.5%
Unemployment rate	N/A	3.1%	3%	3.9%	4.2%	4%

View the full multi-level comparison →

Summary for 46038

Rent & Income

In 46038, the typical monthly rent is $1,575 and the typical household income is $106,886. Rent here is similar to Fishers and higher than Indiana, and household income is lower than Fishers and higher than Indiana. The estimated poverty rate is 4.8%, which is higher than the Fishers rate but lower than the Indiana rate.

Housing & Affordability

This ZIP Code is primarily owner-occupied, with renters accounting for about 29.9% of households. Around 39.6% of renters are cost-burdened, indicating a moderate level of rent pressure.

Education & Employment

Educational attainment is very high, with about 61.4% of adults holding a bachelor’s degree or higher.

ZIP 46038 — Rent vs Household Income

ZIP 46038 — Poverty

How ZIP 46038 compares in Indiana (62 ZIP Codes)

Metric	This ZIP	Rank	Starts from	State range
Rent	$1,575	56 / 62	from lower rent	$820 – $1,795
Household income	$106,886	11 / 62	from higher income	$49,195 – $177,679
Poverty rate	4.8%	6 / 62	from lower poverty	2% – 28.6%

Rankings are calculated among ZIP Codes in Indiana with total population > 30,000 (year 2024).

Detailed Ranking Explanation for ZIP Code 46038

Rent

Rent-wise, this area comes 56th out of 62 ZIP Codes in Indiana. At the state level, values extend from $820 in ZIP 47374 up to $1,795 in ZIP 46077.

Household income

Looking at income levels, ZIP Code 46038 holds the 11th out of 62 ZIP Codes. In Indiana as a whole, the range goes from $49,195 in ZIP 46201 up to $177,679 in ZIP 46077.

Poverty rate

Regarding poverty rate, ZIP Code 46038 ranks 6th out of 62 ZIP Codes. Statewide, values range from 2% in ZIP 46033 up to 28.6% in ZIP 47906.

💰 Rent in ZIP Code 46038 (with Utilities)

Estimated Monthly Rent: $1,575 ℹ️ What’s Included:
✅ Base rent, electricity, gas, water/sewer, and heating fuels
❌ Not included: internet, cable TV, renter's insurance, parking

💡 What does this rent estimate mean?

Explanation: This estimate shows what renters typically pay each month for housing — including the apartment or home and essential utilities like heat, water, and electricity.

Included in this number: Rent plus electricity, gas, water/sewer, and heating fuel.

Not included: Internet, cable, parking, renter’s insurance, or furniture rental.

Note: This cost does not depend on the number of people living in the home.

👨‍👧‍👦 Household Income in ZIP Code 46038

Annual Household Income: $106,886

💡 What does Household Income mean?

Definition: This represents the middle value of all household incomes in the ZIP code — half of households earn less, and half earn more.

Includes: wages, salaries, self-employment income, Social Security, pensions, investments, unemployment, public assistance, and rental income.

Does NOT include: capital gains, non-cash benefits (like food stamps), or tax refunds.

Household = any group of people (or a single person) living in the same housing unit.

Example: A couple earning $40,000 and $30,000 together have a household income of $70,000. If that's in the middle of all local incomes, it's the value shown here.

📉 Poverty Rate in ZIP Code 46038

Estimated Rate: 4.8%

💡 What does the Poverty Rate represent?

Definition: The percentage of people in this area living below the federal poverty threshold.

How it works: The threshold is a dollar amount set by the U.S. Census Bureau that varies by family size and age. If a household's income is below that level, everyone in it is included in this rate.

Example: In a town of 10,000 people, if 1,500 have incomes below the poverty line, the poverty rate is 15%.

Note: This statistic only includes people living in households; it does not count those in student housing, military barracks, or nursing homes.

🏘️ Renter vs. Owner Households in ZIP Code 46038

In ZIP Code 46038, households that rent: 5,161 (29.9%)

📊 What does the renter household percentage reveal about this ZIP Code?

Household Type	Count	Share
Renter-Occupied	5,161	29.9%
Owner-Occupied	12,120	70.1%

Definition: This is the percentage of households that rent their home rather than own it. It includes only occupied housing units.

Why it matters: Areas with a high share of renter households often have younger populations, higher mobility, and different housing needs compared to mostly owner-occupied areas.

Example: If 65% of homes in an area are renter-occupied, it means 65 out of every 100 households rent their home.

📉 Renters Spending Over 30% of Income on Rent in ZIP Code 46038

In ZIP Code 46038, cost-burdened renters (households spending over 30% of income on housing): 2,045 (39.6%)

🏚️ What Does It Mean When Renters Spend Over 30% of Their Income on Housing?

Household Group	Households	Share
Cost-burdened renters (over 30%)	2,045	39.6%
Other renter households	3,116	60.4%
Total renter households	5,161	100%

Shares are calculated as a percentage of renter households.

This shows how many renters in the ZIP code are considered cost-burdened — meaning they spend more than 30% of their income on housing (rent and basic utilities).

It’s a sign that housing might be unaffordable in the area or that lower-income residents may be struggling with rent.

Data comes from the U.S. Census Bureau’s American Community Survey.

📊 Education Levels in ZIP Code 46038

Less than High School: 5,234 people (17.8%)

Includes adults who did not complete high school.

High School Graduate or GED: 3,541 people (12.1%)

Includes adults whose highest education is a high school diploma or GED.

Some College or Associate Degree: 2,548 people (8.7%)

Includes adults who attended college without completing a bachelor’s degree (some college or associate degree).

Bachelor’s Degree or Higher: 18,046 people (61.4%)

Includes adults with a bachelor’s degree or higher (bachelor’s, master’s, professional, or doctoral degree).

👥 Total Adults (25+): 29,369

ℹ️ Have questions about how these statistics are calculated? See our data methodology & FAQs

Source: ACS 5-Year Estimates (U.S. Census Bureau) — unemployment rate from BLS. Some values are derived metrics.