City Report · IN

Goshen

Pop. 34,420·45th most expensive in Indiana·One of the most affordable rental markets in the US
Median rent (all units)
$1,148/mo
Year-over-Year
+3.4%
Month-over-Month
+0.5%
vs US Median
-$784
Reported rents
Rising (Monthly)
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Most AffordableMost Expensive
Goshen · $1,148
More affordable than 94% of US cities · National median $1,932/mo
Affordability
23% of income
VERY AFFORDABLE
0%30% benchmark60%+

At $1,148/mo, rent takes about 23% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$46,000/yr
Local median income
$59,184/yr
Based on the 30%-of-income rule using Goshen's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$890
1 BR
$905
2 BR
$1,100
3 BR
$1,435
4 BR+
$1,460
Fair Market Rent (HUD)
$1,100/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,148 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.

Source: HUD Small Area Fair Market Rents. Read the methodology →

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Past year vs. the rest of Indiana

Rent in Goshen changed +3.4% over the year to September 2026. Across the 49 Indiana cities Zillow tracks, the typical change was +4.5%.

Recent direction

Rent rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($59,184) is $1,480 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,460).

From Zillow's monthly rent index (ZORI) for Goshen. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost
$13,776/yr
At $1,148/mo median
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (3.4% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+3.4% YoY, +0.5% MoM), not inventory.
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Demographics

Who lives here

Goshen, IN is majority owner-occupied, has a large share of families with children, has a median income below the national average, 23.7% of residents hold a bachelor's degree or higher.

Population
34,420
Median income
$59,184
Median age
34.4
Renters
38.5%
Age distribution
26.1%
24.6%
21.8%
18%
Under 1826.1%
18–3424.6%
35–5421.8%
55–649.4%
65+18%
Gender
47.3%
52.7%
Male47.3%
Female52.7%
Race & ethnicity
65%
33.8%
White65%
Black2.3%
Hispanic33.8%
Asian1.1%
Education (25+)
16.9%
37.2%
22.3%
23.7%
No HS diploma16.9%
HS diploma37.2%
Some college22.3%
Bachelor's+23.7%
Housing tenure
61.5%
38.5%
Owner61.5%
Renter38.5%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Goshen, IN has changed in 5 years

Income
$52,215 → $59,184
up 13.3%
Population
34,792 → 34,420
down 1.1%
Renter share
36.4% → 38.5%
+2.1 pts
Bachelor's+
25.3% → 23.7%
-1.6 pts
Median age
37.1 → 34.4
-2.7 yrs

Census figures show median household income at $59,184 today, compared with $52,215 five years earlier. Census counts show Goshen, IN losing about 372 residents over the five-year window, down 1.1% on net. The renter share has risen from 36.4% to 38.5%, with owner-occupied housing accounting for the remainder.

Community

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View Goshen rent history (2015–2026) →
Salary vs rent

Can you afford rent in Goshen on your salary?

At $1,148/mo, how Goshen rent compares to typical pay (30% rule).

By apartment size

Goshen rent by bedroom count

Median rent for each apartment size in Goshen. Click any size for full breakdown.

Local insights

Tips for renters in Goshen

About renting in Goshen, IN

Last updated: October 17, 2026

The median rent in Goshen is $1,148/mo as of October 2026. A studio apartment averages $890/mo while a 2-bedroom runs $1,100/mo. One-bedroom apartments average $905/mo and 3-bedroom units go for $1,435/mo.

At 23% of local median household income ($59,184/yr), Goshen ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.4% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in Goshen?

To keep rent at or below 30% of gross income, you would need to earn at least $46,000/year (about $22/hour full-time) to afford the median rent of $1,148/mo in Goshen. The local median household income is $59,184/yr, so the typical household meets that bar.

Is rent going up or down in Goshen?

Rent in Goshen has risen 3.4% over the past year.

Which Goshen neighborhoods have the lowest rent?

The most affordable ZIP codes in Goshen are 46528 ($1,201/mo), and 46526 ($1,248/mo). Citywide, the median rent is $1,148/mo.

How does Goshen rent compare to other cities in Indiana?

Goshen is one of the more affordable among Indiana cities for rent, ranking #45 of 60 tracked cities at $1,148/mo. Over the year to September 2026, rent in Goshen changed +3.4%, against a typical +4.5% across the 49 Indiana cities Zillow tracks.
Income Affordability
23%
VERY AFFORDABLE

At $1,148/mo, rent takes ~23% of Goshen's median household income ($59,184/yr). The standard benchmark is 30%.

Goshen 23%Benchmark 30%
State income tax3.05%
Run the Goshen affordability calculator →
Lowest-rent ZIP codes in Goshen
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Goshen, IN

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