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Housing market/Indiana/ZIP 46032

ACS 2023 · FY2027 SAFMR

ZIP 46032 Carmel, 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
51,181
Households
20,510
Median HH income
$123,438
Renter share
33.0%
Median gross rent
$1,522
Vacancy
7.3%
Pop. change
+4.8%
2BR SAFMR
$2,140
SAFMR / rent
1.406×
2–49 unit stock
5,620
LIHTC proj / units
1 / 40
HUD assisted MF
—

ZIP brief

Email this profile

HUD schedule, ACS stock, and the 90–110% band for ZIP 46032 · IN — sent to you.

ZIP 46032 · IN

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ACS rent vs 2BR SAFMR

ZIP 46032 — Carmel, IN HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,522
2BR SAFMR$2,140
90% floor$1,926
110% ceiling$2,354

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

Housing stock

ACS 2023 units-in-structure · ZCTA 46032

  • 1-unit detached13,08659.2%
  • 1-unit attached1,1985.4%
  • 2–4 units9354.2%
  • 5–49 units4,68521.2%
  • 50+ units2,0859.4%
  • Mobile1290.6%
TypeUnitsShare
1-unit detached13,08659.2%
1-unit attached1,1985.4%
2 units (duplex)700.3%
3–4 units8653.9%
5–9 units1,9228.7%
10–19 units1,6427.4%
20–49 units1,1215.1%
50+ units2,0859.4%
Mobile1290.6%

2–4 unit share 4.2% · 5–49 unit share 21.2% · combined 2–49 25.4%.

Units by bedrooms

Studio
748
1BR
2,814
2BR
3,994
3BR
5,563
4BR
6,420
5+
2,579

Rent burden

Rent ≥30% of income38.8%
Rent ≥50% of income18.1%
  • ACS median gross rent $1,522 (all bedrooms, occupied rentals).
  • Median contract rent $1,368.
  • Renters paying ≥30% of income 38.8%; ≥50% 18.1%.
  • FY2027 2BR SAFMR $2,140 (1.406× ACS median gross rent).

Population

51,181 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +4.8%.

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

Assisted inventory

  • LIHTC: 1 projects, 40 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 46032 33.0% of occupied households are renters; vacancy is 7.3%; ACS median gross rent is $1,522; population increased +4.8% between the 2018 and 2023 ACS vintages; the housing stock includes 935 units in 2–4-unit structures and 4,685 units in 5–49-unit structures; 1 LIHTC projects totaling 40 units; FY2027 2BR SAFMR is $2,140 versus ACS median gross rent of $1,522. 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 46032 is a Census / HUD profile for Indianapolis-Carmel, IN. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 46032 — Carmel, 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$1,27046033Indianapolis-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$1,87046064Indianapolis-Carmel, IN HUD Metro FMR Area15.5%$1,121$1,570

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 46032?

ZIP 46032 (Indianapolis-Carmel, IN HUD Metro FMR Area) has 51,181 residents, 20,510 households, a renter share of 33.0%, median household income of $123,438, and ACS 2023 median gross rent of $1,522. Vacancy is 7.3%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 46032?

ACS counts 70 units in 2-unit buildings, 865 in 3–4 unit buildings, 1,922 in 5–9, 1,642 in 10–19, and 1,121 in 20–49. Combined 2–49 unit stock is 5,620 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 46032?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $2,140. See the full schedule and 90–110% payment-standard band on the ZIP 46032 — Carmel, IN HUD Section 8 Payment Standards / SAFMR.

Does this Indiana ZIP profile include Georgia listings?

No. ZIP 46032 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.