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Housing market/Indiana/ZIP 46216

ACS 2023 · FY2027 SAFMR

ZIP 46216 Indianapolis, 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
2,546
Households
1,509
Median HH income
$56,838
Renter share
67.1%
Median gross rent
$1,282
Vacancy
0.0%
Pop. change
+21.3%
2BR SAFMR
$1,700
SAFMR / rent
1.326×
2–49 unit stock
707
LIHTC proj / units
2 / 299
HUD assisted MF
—

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 46216 · IN — sent to you.

ZIP 46216 · IN

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ACS rent vs 2BR SAFMR

ZIP 46216 — Indianapolis, IN HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,282
2BR SAFMR$1,700
90% floor$1,530
110% ceiling$1,870

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

Housing stock

ACS 2023 units-in-structure · ZCTA 46216

  • 1-unit detached41527.5%
  • 1-unit attached16911.2%
  • 2–4 units704.6%
  • 5–49 units63742.2%
  • 50+ units21814.4%
TypeUnitsShare
1-unit detached41527.5%
1-unit attached16911.2%
2 units (duplex)704.6%
3–4 units00.0%
5–9 units1258.3%
10–19 units36824.4%
20–49 units1449.5%
50+ units21814.4%
Mobile00.0%

2–4 unit share 4.6% · 5–49 unit share 42.2% · combined 2–49 46.9%.

Units by bedrooms

Studio
0
1BR
398
2BR
715
3BR
236
4BR
145
5+
15

Rent burden

Rent ≥30% of income55.3%
Rent ≥50% of income27.7%
  • ACS median gross rent $1,282 (all bedrooms, occupied rentals).
  • Median contract rent $1,096.
  • Renters paying ≥30% of income 55.3%; ≥50% 27.7%.
  • FY2027 2BR SAFMR $1,700 (1.326× ACS median gross rent).

Population

2,546 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +21.3%.

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

Assisted inventory

  • LIHTC: 2 projects, 299 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 285 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 46216 67.1% of occupied households are renters; vacancy is 0.0%; ACS median gross rent is $1,282; population increased +21.3% between the 2018 and 2023 ACS vintages; the housing stock includes 70 units in 2–4-unit structures and 637 units in 5–49-unit structures; 2 LIHTC projects totaling 299 units; FY2027 2BR SAFMR is $1,700 versus ACS median gross rent of $1,282. 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 46216 is a Census / HUD profile for Indianapolis-Carmel, IN. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 46216 — Indianapolis, 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 46216?

ZIP 46216 (Indianapolis-Carmel, IN HUD Metro FMR Area) has 2,546 residents, 1,509 households, a renter share of 67.1%, median household income of $56,838, and ACS 2023 median gross rent of $1,282. Vacancy is 0.0%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 46216?

ACS counts 70 units in 2-unit buildings, 0 in 3–4 unit buildings, 125 in 5–9, 368 in 10–19, and 144 in 20–49. Combined 2–49 unit stock is 707 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 46216?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,700. See the full schedule and 90–110% payment-standard band on the ZIP 46216 — Indianapolis, IN HUD Section 8 Payment Standards / SAFMR.

Does this Indiana ZIP profile include Georgia listings?

No. ZIP 46216 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.