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Housing market/Indiana/ZIP 46074

ACS 2023 · FY2027 SAFMR

ZIP 46074 Westfield, Indiana

Indianapolis-Carmel, IN HUD Metro FMR Area · Indiana. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
46,042
Households
16,409
Median HH income
$123,580
Renter share
17.4%
Median gross rent
$1,550
Vacancy
4.1%
Pop. change
+39.0%
2BR SAFMR
$2,120
SAFMR / rent
1.368×
2–49 unit stock
1,633
LIHTC proj / units
3 / 410
HUD assisted MF
—

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 46074 · IN — sent to you.

ZIP 46074 · IN

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ACS rent vs 2BR SAFMR

ZIP 46074 — Westfield, IN HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,550
2BR SAFMR$2,120
90% floor$1,908
110% ceiling$2,332

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 46074

  • 1-unit detached13,97081.6%
  • 1-unit attached9985.8%
  • 2–4 units6733.9%
  • 5–49 units9605.6%
  • 50+ units2561.5%
  • Mobile2611.5%
TypeUnitsShare
1-unit detached13,97081.6%
1-unit attached9985.8%
2 units (duplex)2281.3%
3–4 units4452.6%
5–9 units2201.3%
10–19 units5993.5%
20–49 units1410.8%
50+ units2561.5%
Mobile2611.5%

2–4 unit share 3.9% · 5–49 unit share 5.6% · combined 2–49 9.5%.

Units by bedrooms

Studio
126
1BR
624
2BR
2,659
3BR
5,734
4BR
5,428
5+
2,547

Rent burden

Rent ≥30% of income34.1%
Rent ≥50% of income24.1%
  • ACS median gross rent $1,550 (all bedrooms, occupied rentals).
  • Median contract rent $1,363.
  • Renters paying ≥30% of income 34.1%; ≥50% 24.1%.
  • FY2027 2BR SAFMR $2,120 (1.368× ACS median gross rent).

Population

46,042 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +39.0%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 3 projects, 410 units.
  • HUD project-based assisted MF: not published for this ZIP.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 1,142 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 46074 17.4% of occupied households are renters; vacancy is 4.1%; ACS median gross rent is $1,550; population increased +39.0% between the 2018 and 2023 ACS vintages; the housing stock includes 673 units in 2–4-unit structures and 960 units in 5–49-unit structures; 3 LIHTC projects totaling 410 units; FY2027 2BR SAFMR is $2,120 versus ACS median gross rent of $1,550. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Indiana research

ZIP 46074 is a Census / HUD profile for Indianapolis-Carmel, IN. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 46074 — Westfield, IN HUD Section 8 Payment Standards / SAFMR·Indiana ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
46030Indianapolis-Carmel, IN HUD Metro FMR Area20.9%$951$1,27046032Indianapolis-Carmel, IN HUD Metro FMR Area33.0%$1,522$2,14046033Indianapolis-Carmel, IN HUD Metro FMR Area13.1%$1,597$2,16046034Indianapolis-Carmel, IN HUD Metro FMR Area13.4%$1,038$1,41046037Indianapolis-Carmel, IN HUD Metro FMR Area18.7%$1,463$2,02046038Indianapolis-Carmel, IN HUD Metro FMR Area31.4%$1,489$1,99046040Indianapolis-Carmel, IN HUD Metro FMR Area13.2%$1,344$1,62046052Indianapolis-Carmel, IN HUD Metro FMR Area25.2%$911$1,28046055Indianapolis-Carmel, IN HUD Metro FMR Area14.7%$1,596$2,09046060Indianapolis-Carmel, IN HUD Metro FMR Area31.0%$1,215$1,66046061Indianapolis-Carmel, IN HUD Metro FMR Area——$1,96046062Indianapolis-Carmel, IN HUD Metro FMR Area19.3%$1,458$1,870

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Indiana research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 46074?

ZIP 46074 (Indianapolis-Carmel, IN HUD Metro FMR Area) has 46,042 residents, 16,409 households, a renter share of 17.4%, median household income of $123,580, and ACS 2023 median gross rent of $1,550. Vacancy is 4.1%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 46074?

ACS counts 228 units in 2-unit buildings, 445 in 3–4 unit buildings, 220 in 5–9, 599 in 10–19, and 141 in 20–49. Combined 2–49 unit stock is 1,633 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 46074?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $2,120. See the full schedule and 90–110% payment-standard band on the ZIP 46074 — Westfield, IN HUD Section 8 Payment Standards / SAFMR.

Does this Indiana ZIP profile include Georgia listings?

No. ZIP 46074 is Census / HUD research for Indianapolis-Carmel, IN HUD Metro FMR Area. Jeff Crowe CRE does not list Indiana property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.