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City Report · IN

Goshen

Pop. 34,420·51st most expensive in Indiana·One of the most affordable rental markets in the US
Median rent (all units)
$1,068/mo
Year-over-Year
+4.1%
Month-over-Month
+3.8%
vs US Median
-$894
Rising (Monthly)
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Most AffordableMost Expensive
Goshen · $1,068
More affordable than 96% of US cities · National median $1,962/mo
Affordability
22% of income
VERY AFFORDABLE
0%30% benchmark60%+

At $1,068/mo, rent takes about 22% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$43,000/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 $1,068 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: August 17, 2026

Annual cost
$12,816/yr
At $1,068/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 4.1% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+4.1% YoY, +3.8% 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

Discussions about Goshen

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

Can you afford rent in Goshen on your salary?

At $1,068/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: August 17, 2026

The median rent in Goshen is $1,068/mo as of August 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 22% of local median household income ($59,184/yr), Goshen ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.1% over the past year.

FAQ

Frequently asked questions

Is Goshen an affordable city for renters?

Goshen is considered very affordable for renters. At $1,068/mo, rent takes approximately 22% of the local median household income ($59,184/yr). The standard benchmark is 30%. Goshen falls comfortably within that range.

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 $43,000/year (~$21/hour full-time) to afford the median rent of $1,068/mo in Goshen. The local median household income is $59,184/yr, meaning the typical Goshen household meets that threshold.

Is rent going up or down in Goshen?

Rent in Goshen has increased 4.1% over the past year as of August 2026, putting upward pressure on renter budgets.

Which Goshen neighborhoods have the lowest rent?

The most affordable ZIP codes in Goshen are 46526 ($999/mo), and 46528 ($1,173/mo). Citywide, the median rent in Goshen is $1,068/mo.

How does Goshen rent compare to other cities in Indiana?

Goshen is one of the more affordable cities in Indiana for rent, ranking #51 out of 62 tracked cities at $1,068/mo.

What percentage of Goshen residents rent vs. own?

According to Census data, approximately 38.5% of Goshen households are renters, while 61.5% are owner-occupied. Goshen leans toward homeownership, which can mean a smaller rental inventory.

How does Goshen rent compare to the national average?

Goshen's median rent of $1,068/mo is $894 (46%) below the US national median of $1,962/mo. Within Indiana, it ranks #51 out of 62 tracked cities.
Income Affordability
22%
VERY AFFORDABLE

At $1,068/mo, rent takes ~22% of Goshen's median household income ($59,184/yr). The standard benchmark is 30%.

Goshen 22%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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