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Housing market/Indiana/ZIP 46256

ACS 2023 · FY2027 SAFMR

ZIP 46256 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
21,785
Households
9,353
Median HH income
$86,529
Renter share
26.7%
Median gross rent
$1,136
Vacancy
7.6%
Pop. change
-7.3%
2BR SAFMR
$1,500
SAFMR / rent
1.320×
2–49 unit stock
2,379
LIHTC proj / units
—
HUD assisted MF
2 / 122

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 46256 · IN — sent to you.

ZIP 46256 · IN

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ACS rent vs 2BR SAFMR

ZIP 46256 — Indianapolis, IN HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,136
2BR SAFMR$1,500
90% floor$1,350
110% ceiling$1,650

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

Housing stock

ACS 2023 units-in-structure · ZCTA 46256

  • 1-unit detached6,77366.9%
  • 1-unit attached7937.8%
  • 2–4 units6636.6%
  • 5–49 units1,71617.0%
  • 50+ units1441.4%
  • Mobile290.3%
TypeUnitsShare
1-unit detached6,77366.9%
1-unit attached7937.8%
2 units (duplex)1541.5%
3–4 units5095.0%
5–9 units1,20411.9%
10–19 units4874.8%
20–49 units250.2%
50+ units1441.4%
Mobile290.3%

2–4 unit share 6.6% · 5–49 unit share 17.0% · combined 2–49 23.5%.

Units by bedrooms

Studio
195
1BR
1,037
2BR
1,832
3BR
3,877
4BR
2,760
5+
417

Rent burden

Rent ≥30% of income46.3%
Rent ≥50% of income23.2%
  • ACS median gross rent $1,136 (all bedrooms, occupied rentals).
  • Median contract rent $1,041.
  • Renters paying ≥30% of income 46.3%; ≥50% 23.2%.
  • FY2027 2BR SAFMR $1,500 (1.320× ACS median gross rent).

Population

21,785 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: -7.3%.

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

Assisted inventory

  • LIHTC: not published for this ZIP.
  • HUD project-based assisted MF: 2 properties, 122 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 330 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 46256 26.7% of occupied households are renters; vacancy is 7.6%; ACS median gross rent is $1,136; population changed -7.3% between the 2018 and 2023 ACS vintages; the housing stock includes 663 units in 2–4-unit structures and 1,716 units in 5–49-unit structures; FY2027 2BR SAFMR is $1,500 versus ACS median gross rent of $1,136. 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 46256 is a Census / HUD profile for Indianapolis-Carmel, IN. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 46256 — 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 46256?

ZIP 46256 (Indianapolis-Carmel, IN HUD Metro FMR Area) has 21,785 residents, 9,353 households, a renter share of 26.7%, median household income of $86,529, and ACS 2023 median gross rent of $1,136. Vacancy is 7.6%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 46256?

ACS counts 154 units in 2-unit buildings, 509 in 3–4 unit buildings, 1,204 in 5–9, 487 in 10–19, and 25 in 20–49. Combined 2–49 unit stock is 2,379 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 46256?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,500. See the full schedule and 90–110% payment-standard band on the ZIP 46256 — Indianapolis, IN HUD Section 8 Payment Standards / SAFMR.

Does this Indiana ZIP profile include Georgia listings?

No. ZIP 46256 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.