ZIP Code 46016 Demographics

Madison County, Indiana  ·  ACS 2022 5-Year Estimates

ACS 2022 Data

Population & Income Overview

Key statistics for ZIP code 46016 compared to county averages.

Total Population

18,924

↓ 85.5% vs county

Median HH Income

$33,720

↓ 43.9% vs county

Median Home Value

$62,500

↓ 53.7% vs county

Median Age

33.7 yrs

↑ 17.2% vs county

Unemployment Rate

7.9%

↓ +43.9% vs county

Income & Housing Comparison

How ZIP 46016 compares to Madison County and Indiana overall. Data from ACS 2022 5-year estimates.

Median Household Income ZIP 46016 $34k Madison $60k Indiana $67k

Source: ACS 2022 5-Year Estimates, Table B19013

Median Home Value ZIP 46016 $63k Madison $135k Indiana $184k

Source: ACS 2022 5-Year Estimates, Table B25077

Education & Employment

Bachelor's Rate

7.2%

of adults 25+ hold a bachelor's degree or higher

Owner Occupancy

41.5%

of occupied housing units are owner-occupied

Median Gross Rent

$828

per month including utilities

Rent vs. Buy Affordability

Compare estimated monthly costs of home ownership vs renting in ZIP Code 46016 using local Census metrics.

Median Home Value$62,500
Down Payment (20%)$12,500
Interest Rate6.5%
Loan Term

Estimated Monthly Costs

Buy (Mortgage, Tax, Ins.)
$397P&I: $316 | Tax: $63 | Ins: $18
Rent (Local Median)
$828
Buying is CheaperBuying a home is estimated to save you $431/month compared to local rents.

How Does 46016 Compare?

Enter another ZIP code to see a side-by-side comparison.

Location & Neighboring Areas

Interactive map showing ZIP code 46016 (blue pin) and surrounding areas (purple pins). Click pins to view details.

Nearby ZIP Codes

ZIP codes geographically closest to 46016, sorted by distance.

46012 4.7 mi away madison county 46011 4.7 mi away madison county 47334 8.3 mi away delaware county 46001 10.6 mi away madison county 47396 10.8 mi away delaware county 46063 12.1 mi away madison county 47304 14.9 mi away delaware county 46070 16.9 mi away madison county

About Madison County

Madison County is located in Indiana and has a total population of 130,545. The county's median household income is $60,060 and median home value is $135,100. ZIP code 46016 is one of many ZCTAs within this county.

View all ZIP codes in Madison County

Data source: American Community Survey (ACS) 2022 5-Year Estimates, U.S. Census Bureau. ZCTAs (ZIP Code Tabulation Areas) are used as proxies for USPS ZIP codes. Some USPS ZIP codes may not have a corresponding ZCTA.