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Housing market/Indiana/ZIP 46268

ACS 2023 · FY2027 SAFMR

ZIP 46268 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
25,623
Households
11,206
Median HH income
$63,322
Renter share
53.6%
Median gross rent
$1,171
Vacancy
5.9%
Pop. change
+1.5%
2BR SAFMR
$1,570
SAFMR / rent
1.341×
2–49 unit stock
4,381
LIHTC proj / units
3 / 354
HUD assisted MF
6 / 560

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 46268 · IN — sent to you.

ZIP 46268 · IN

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ACS rent vs 2BR SAFMR

ZIP 46268 — Indianapolis, IN HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,171
2BR SAFMR$1,570
90% floor$1,413
110% ceiling$1,727

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

Housing stock

ACS 2023 units-in-structure · ZCTA 46268

  • 1-unit detached5,02242.3%
  • 1-unit attached1,49212.6%
  • 2–4 units1,46712.4%
  • 5–49 units2,91424.5%
  • 50+ units8637.3%
  • Mobile1171.0%
TypeUnitsShare
1-unit detached5,02242.2%
1-unit attached1,49212.5%
2 units (duplex)2081.7%
3–4 units1,25910.6%
5–9 units1,50812.7%
10–19 units8657.3%
20–49 units5414.5%
50+ units8637.2%
Mobile1171.0%

2–4 unit share 12.3% · 5–49 unit share 24.5% · combined 2–49 36.8%.

Units by bedrooms

Studio
354
1BR
2,379
2BR
3,724
3BR
3,348
4BR
1,923
5+
176

Rent burden

Rent ≥30% of income50.2%
Rent ≥50% of income22.0%
  • ACS median gross rent $1,171 (all bedrooms, occupied rentals).
  • Median contract rent $1,005.
  • Renters paying ≥30% of income 50.2%; ≥50% 22.0%.
  • FY2027 2BR SAFMR $1,570 (1.341× ACS median gross rent).

Population

25,623 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +1.5%.

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

Assisted inventory

  • LIHTC: 3 projects, 354 units.
  • HUD project-based assisted MF: 6 properties, 560 assisted units.
  • 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 46268 53.6% of occupied households are renters; vacancy is 5.9%; ACS median gross rent is $1,171; population increased +1.5% between the 2018 and 2023 ACS vintages; the housing stock includes 1,467 units in 2–4-unit structures and 2,914 units in 5–49-unit structures; 3 LIHTC projects totaling 354 units; FY2027 2BR SAFMR is $1,570 versus ACS median gross rent of $1,171. 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 46268 is a Census / HUD profile for Indianapolis-Carmel, IN. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 46268 — 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 46268?

ZIP 46268 (Indianapolis-Carmel, IN HUD Metro FMR Area) has 25,623 residents, 11,206 households, a renter share of 53.6%, median household income of $63,322, and ACS 2023 median gross rent of $1,171. Vacancy is 5.9%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 46268?

ACS counts 208 units in 2-unit buildings, 1,259 in 3–4 unit buildings, 1,508 in 5–9, 865 in 10–19, and 541 in 20–49. Combined 2–49 unit stock is 4,381 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 46268?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,570. See the full schedule and 90–110% payment-standard band on the ZIP 46268 — Indianapolis, IN HUD Section 8 Payment Standards / SAFMR.

Does this Indiana ZIP profile include Georgia listings?

No. ZIP 46268 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.