ZIP Code 46123: Population, Income, Housing

State: IN
Total population: 43,353 Household income: $103,485 Rent: $1,451

Overview

Total population
43,353
Rent
$1,451
Year built
2001
Household income
$103,485
Per capita income
$49,381
Poverty rate
2.7%
Unemployment rate
N/A
Household size
2.6 persons
Rent over 30% of income
47.2%

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).

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
Hendricks County
City
Avon
Total population
43,353
Adults over 25
29,247
Total households
16,397
Household size
2.6 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).

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.

Income & Poverty

Household income
$103,485
Per capita income
$49,381
Poverty rate
2.7%
Unemployment rate
N/A
Rent over 30% of income
47.2%

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).

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.

Housing

Rent
$1,451
Year built
2001
Households that rent
19.6%
Households that own
80.4%
Rooms per home (all homes)
6.7

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).

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.

Race

White
73.6%
Black
11.3%
Asian
4.5%
Two or more races
8%

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.

Ethnicity

Hispanic or Latino
7.1%
Not Hispanic or Latino
92.9%

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.

Commute

Commute rate
19,629 (84%)
Commute time to work
24 mins
Work from home
3,748 (16%)

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.

Education

Less than high school
25.4%
High school graduate or GED
24.4%
Some college or associate degree
10%
Bachelor’s degree or higher
40.3%

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.

 

Comparison of ZIP Code 46123 with: Hendricks County, IN Indianapolis metro area, IN Indiana United States

ZIP 46123

Total population43,353
Rent$1,451
Year built2001
Household income$103,485
Per capita income$49,381
Poverty rate2.7%
Unemployment rateN/A

Hendricks County, IN

Total population183,344
Rent$1,436
Year built1998
Household income$101,144
Per capita income$45,280
Poverty rate5.3%
Unemployment rate3.2%

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 ZIP46123 CountyHendricks, INMetro AreaIndianapolis metro area, INStateIndianaCountryUnited States
Total population43,353183,3442,130,0556,851,073334,922,499
Rent$1,451$1,436$1,191$1,062$1,413
Year built20011998198319761980
Household income$103,485$101,144$79,852$71,957$80,734
Per capita income$49,381$45,280$43,743$38,351$44,673
Poverty rate2.7%5.3%10.7%12.3%12.5%
Unemployment rateN/A3.2%3.9%4.2%4%

View the full multi-level comparison →

 

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Summary for 46123

Rent & Income

In 46123, the typical monthly rent is $1,451 and the typical household income is $103,485. Rent here is higher than Indiana, and household income is higher than Indiana. The estimated poverty rate is 2.7%.

Housing & Affordability

This ZIP Code is primarily owner-occupied, with renters accounting for about 19.6% of households. About 47.2% of renters spend more than 30% of their income on housing, indicating high cost burden.

Education & Employment

Educational attainment is high, with about 40.3% of adults holding a bachelor’s degree or higher.

 

ZIP 46123 — Rent vs Household Income

 

 

ZIP 46123 — Poverty

 

 

How ZIP 46123 compares in Indiana (62 ZIP Codes)

Metric This ZIP Rank Starts from State range
Rent $1,451 50 / 62 from lower rent $820 – $1,795
Household income $103,485 12 / 62 from higher income $49,195 – $177,679
Poverty rate 2.7% 2 / 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 46123

Rent

Rent-wise, this area comes 50th 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 46123 holds the 12th 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 46123 ranks 2nd out of 62 ZIP Codes. Statewide, values range from 2% in ZIP 46033 up to 28.6% in ZIP 47906.

 

💰 Rent in ZIP Code 46123 (with Utilities)

Estimated Monthly Rent: $1,451 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 46123

Annual Household Income: $103,485

💡 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 46123

Estimated Rate: 2.7%

💡 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 46123

In ZIP Code 46123, households that rent: 3,207 (19.6%)

📊 What does the renter household percentage reveal about this ZIP Code?
Household Type Count Share
Renter-Occupied 3,207 19.6%
Owner-Occupied 13,190 80.4%

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 46123

In ZIP Code 46123, cost-burdened renters (households spending over 30% of income on housing): 1,515 (47.2%)

🏚️ What Does It Mean When Renters Spend Over 30% of Their Income on Housing?
Household Group Households Share
Cost-burdened renters (over 30%) 1,515 47.2%
Other renter households 1,692 52.8%
Total renter households 3,207 100%

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 46123

Less than High School: 7,429 people (25.4%)

Includes adults who did not complete high school.

High School Graduate or GED: 7,125 people (24.4%)

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

Some College or Associate Degree: 2,919 people (10%)

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

Bachelor’s Degree or Higher: 11,774 people (40.3%)

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

👥 Total Adults (25+): 29,247

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.