ZIP Code 46516: Population, Income, Housing

State: IN
Total population: 31,871 Household income: $56,492 Rent: $1,016

Overview

Total population
31,871
Rent
$1,016
Year built
1962
Household income
$56,492
Per capita income
$29,779
Poverty rate
16.5%
Unemployment rate
N/A
Household size
2.6 persons
Rent over 30% of income
41.6%

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
Elkhart County
City
Elkhart
Total population
31,871
Adults over 25
20,654
Total households
12,244
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
$56,492
Per capita income
$29,779
Poverty rate
16.5%
Unemployment rate
N/A
Rent over 30% of income
41.6%

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.

Housing

Rent
$1,016
Year built
1962
Households that rent
37.3%
Households that own
62.7%
Rooms per home (all homes)
5.5

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
66.5%
Black
10.2%
Asian
1.3%
Two or more races
9.1%

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).

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
23.6%
Not Hispanic or Latino
76.4%

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).

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
14,080 (96.2%)
Commute time to work
19 mins
Work from home
550 (3.8%)

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.

Education

Less than high school
34.9%
High school graduate or GED
37.6%
Some college or associate degree
9.7%
Bachelor’s degree or higher
17.8%

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.

 

Comparison of ZIP Code 46516 with: Elkhart County, IN Elkhart, IN Indiana United States

ZIP 46516

Total population31,871
Rent$1,016
Year built1962
Household income$56,492
Per capita income$29,779
Poverty rate16.5%
Unemployment rateN/A

Elkhart County, IN

Total population207,132
Rent$1,047
Year built1977
Household income$68,561
Per capita income$32,936
Poverty rate12.4%
Unemployment rate4.4%

Elkhart, IN

Total population53,733
Rent$998
Year built1965
Household income$51,028
Per capita income$28,189
Poverty rate18.2%
Unemployment rate5.1%

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 ZIP46516 CountyElkhart, INCityElkhart, INStateIndianaCountryUnited States
Total population31,871207,13253,7336,851,073334,922,499
Rent$1,016$1,047$998$1,062$1,413
Year built19621977196519761980
Household income$56,492$68,561$51,028$71,957$80,734
Per capita income$29,779$32,936$28,189$38,351$44,673
Poverty rate16.5%12.4%18.2%12.3%12.5%
Unemployment rateN/A4.4%5.1%4.2%4%

View the full multi-level comparison →

 

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Summary for 46516

Rent & Income

In 46516, the typical monthly rent is $1,016 and the typical household income is $56,492. Rent here is similar to both Elkhart and Indiana, and household income is higher than Elkhart and lower than Indiana. The estimated poverty rate is 16.5%, which is lower than the Elkhart rate but higher than the Indiana rate.

Housing & Affordability

This ZIP Code is primarily owner-occupied, with renters accounting for about 37.3% of households. About 41.6% of renters spend more than 30% of their income on housing, indicating high cost burden.

Education & Employment

Only about 17.8% of adults have a bachelor’s degree or higher, indicating lower levels of formal education.

 

ZIP 46516 — Rent vs Household Income

 

 

ZIP 46516 — Poverty

 

 

How ZIP 46516 compares in Indiana (62 ZIP Codes)

Metric This ZIP Rank Starts from State range
Rent $1,016 14 / 62 from lower rent $820 – $1,795
Household income $56,492 53 / 62 from higher income $49,195 – $177,679
Poverty rate 16.5% 46 / 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 46516

Rent

In terms of rental prices, this ZIP stands 14th out of 62 ZIP Codes in Indiana. Across Indiana, figures vary from $820 in ZIP 47374 up to $1,795 in ZIP 46077.

Household income

When comparing household incomes, ZIP Code 46516 stands 53rd out of 62 ZIP Codes. Throughout Indiana, numbers span from $49,195 in ZIP 46201 up to $177,679 in ZIP 46077.

Poverty rate

Looking at poverty indicators, this ZIP stands 46th out of 62 ZIP Codes. At the state level, values extend from 2% in ZIP 46033 up to 28.6% in ZIP 47906.

 

💰 Rent in ZIP Code 46516 (with Utilities)

Estimated Monthly Rent: $1,016 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 46516

Annual Household Income: $56,492

💡 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 46516

Estimated Rate: 16.5%

💡 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 46516

In ZIP Code 46516, households that rent: 4,573 (37.3%)

📊 What does the renter household percentage reveal about this ZIP Code?
Household Type Count Share
Renter-Occupied 4,573 37.3%
Owner-Occupied 7,671 62.7%

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 46516

In ZIP Code 46516, cost-burdened renters (households spending over 30% of income on housing): 1,903 (41.6%)

🏚️ What Does It Mean When Renters Spend Over 30% of Their Income on Housing?
Household Group Households Share
Cost-burdened renters (over 30%) 1,903 41.6%
Other renter households 2,670 58.4%
Total renter households 4,573 100%

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 46516

Less than High School: 7,202 people (34.9%)

Includes adults who did not complete high school.

High School Graduate or GED: 7,767 people (37.6%)

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

Some College or Associate Degree: 2,009 people (9.7%)

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

Bachelor’s Degree or Higher: 3,676 people (17.8%)

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

👥 Total Adults (25+): 20,654

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.