ZIP Code 46573 -- Wakarusa, IN

Elkhart | 2024 American Community Survey Data

Key Insights

  • With a price-to-income ratio of 2.8x, housing here is relatively affordable compared to the recommended 3-5x benchmark.
  • 91.61% of housing units are owner-occupied — indicating a stable, established neighborhood with strong homeownership.

Quick Overview

Population
3,936
Unknown
Median Income
$85,750
Home Value
$241,100
Median Rent
$955
Median Age
39.90
Diversity Index
29.60
Low
Cost of Living
83.5
below average
Unemployment
7.0%

About ZIP Code 46573

ZIP code 46573 in Wakarusa, Indiana is a unknown area with a population of 3,936. The median household income is $85,750, which is This is 14% above the national median of $75,000.. The median home value is $241,100, representing a price-to-income ratio of 2.8x . The cost of living is below average with an index of 83.5 (the national average is 100). Residents have a median age of 39.90 years. Approximately 28.5% of adults hold a bachelor's degree or higher. This ZIP code is located in Elkhart, IN.

Population & Age

Total Population
3,936
Median Age
39.90
Male Population
1,951
49.6%
Female Population
1,985
50.4%
Density Classification
Unknown

Age Distribution

Race & Ethnicity

Diversity Index
29.60 Low
White
87.4%
Black or African American
1.7%
Hispanic or Latino
4.5%
Asian
2.9%
Native American
0.1%
Pacific Islander
0.2%
Two or More Races
4.0%
Other Race
3.8%

Racial Composition

Income & Economy

Median Household Income
$85,750
Mean Household Income
$119,537
Per Capita Income
$41,277
Below Poverty Line
4.9%

This is 14% above the national median of $75,000.

Income Distribution

Housing

Median Home Value
$241,100
Median Rent
$955
Total Housing Units
1,444
Occupied Units
1,323
Vacant Units
121
8.4% vacancy
Median Year Built
1962
Owner Occupied
91.6%
Renter Occupied
8.4%
Price-to-Income Ratio 2.8x

Affordable housing market

Ownership vs Rental

Owner 91.6% Renter 8.4%

Education

High School Diploma or Higher 85.7%
Bachelor's Degree or Higher 28.5%
Graduate or Professional Degree 9.1%

Employment & Commuting

Civilian Labor Force
1,983
Employment Rate
93.0%
Unemployment Rate
7.0%
Mean Commute Time
N/A

How People Get to Work

Drive Alone
75.2%
Carpool
12.4%
Public Transit
0.0%
Work from Home
8.1%

Cost of Living Index

83.5
below average

The cost of living in ZIP code 46573 is 16.5% below the national average of 100.

0 National Avg (100) 200

Compare 46573 with:

Compare 46573 with Another ZIP Code

Nearby ZIP Codes

Other ZIP Codes in Elkhart

ZIP Code City Population Median Income
46514 Elkhart 42,389 $65,833
46526 Foraker 33,668 $67,461
46516 Elkhart 31,871 $56,492
46528 Zcta 46528 26,248 $81,529
46517 Elkhart 25,433 $56,772
46540 Middlebury 12,993 $96,615

Frequently Asked Questions about ZIP Code 46573

ZIP code 46573 (Wakarusa, IN) has a total population of 3,936 according to the 2024 American Community Survey. The median age is 39.90 years.

The median household income in ZIP code 46573 is $85,750 per year, based on 2024 Census Bureau data. This is 14% above the national median of $75,000.

ZIP code 46573 is primarily located in Wakarusa, Indiana (IN). It falls within Elkhart County.

The median home value in ZIP code 46573 is $241,100, based on the 2024 American Community Survey 5-year estimates. The median monthly rent is $955.

The median age in ZIP code 46573 is 39.90 years, compared to the national median of 38.9 years. This makes the area older than the national average.

ZIP code 46573 has a cost of living index of 83.50 (national average = 100). This means the cost of living is below average compared to the national average.

In ZIP code 46573, 28.50% of adults (25+) hold a bachelor's degree or higher, compared to the national average of 33.7%. 9.05% hold a graduate or professional degree.

The unemployment rate in ZIP code 46573 is 6.96%, which is above the national average of 3.6%. About 8.08% of workers work from home.

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Data sourced from the 2024 American Community Survey (U.S. Census Bureau). Learn more about our data sources.