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City Report · IN

Mccordsville

Pop. 10,329·1st most expensive in Indiana·McCordsville rents are up 5.6% over the past year
Median rent (all units)
$2,180/mo
Year-over-Year
+5.6%
Month-over-Month
-9.5%
vs US Median
+$215
Falling (Monthly)
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Most AffordableMost Expensive
Mccordsville · $2,180
More expensive than 68% of US cities · National median $1,965/mo
Affordability
24% of income
VERY AFFORDABLE
0%30% benchmark60%+

At $2,180/mo, rent takes about 24% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$87,000/yr
Local median income
$110,692/yr
Based on the 30%-of-income rule using Mccordsville's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,210
1 BR
$1,390
2 BR
$1,620
3 BR
$2,110
4 BR+
$2,560
Research median
$1,620/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$26,160/yr
At $2,180/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 5.6% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+5.6% YoY, -9.5% MoM), not inventory.
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Demographics

Who lives here

Mccordsville, IN is majority owner-occupied, has a large share of families with children, has a median income above the national average, 57.8% of residents hold a bachelor's degree or higher.

Population
10,329
Median income
$110,692
Median age
37.9
Renters
15.3%
Age distribution
26%
19.8%
28.4%
12.7%
13.1%
Under 1826%
18–3419.8%
35–5428.4%
55–6412.7%
65+13.1%
Gender
47.7%
52.3%
Male47.7%
Female52.3%
Race & ethnicity
80.3%
White80.3%
Black10.2%
Hispanic3.8%
Asian2.1%
Other3.5%
Education (25+)
17.8%
19.5%
57.8%
No HS diploma4.9%
HS diploma17.8%
Some college19.5%
Bachelor's+57.8%
Housing tenure
84.7%
15.3%
Owner84.7%
Renter15.3%

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

2021 vs 2026

How Mccordsville, IN has changed in 5 years

Income
$95,925 → $110,692
up 15.4%
Population
8,629 → 10,329
up 19.7%
Renter share
11.4% → 15.3%
+3.9 pts
Bachelor's+
53.1% → 57.8%
+4.7 pts
Median age
37.3 → 37.9
+0.6 yrs

On the earnings side, the typical household in Mccordsville, IN now reports about $110,692, up from $95,925 in 2021. Census counts show Mccordsville, IN adding about 1,700 residents over the five-year window, up 19.7% on net. The renter share has risen from 11.4% to 15.3%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 53.1% to 57.8% across the same window.

Community

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

Can you afford rent in Mccordsville on your salary?

At $2,180/mo, how Mccordsville rent compares to typical pay (30% rule).

By apartment size

Mccordsville rent by bedroom count

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

Local insights

Tips for renters in Mccordsville

About renting in Mccordsville, IN

Last updated: July 20, 2026

The median rent in Mccordsville is $2,180/mo as of July 2026. A studio apartment averages $1,210/mo while a 2-bedroom runs $1,620/mo. One-bedroom apartments average $1,390/mo and 3-bedroom units go for $2,110/mo.

At 24% of local median household income ($110,692/yr), Mccordsville ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.6% over the past year.

FAQ

Frequently asked questions

Is Mccordsville an affordable city for renters?

Mccordsville is considered very affordable for renters. At $2,180/mo, rent takes approximately 24% of the local median household income ($110,692/yr). The standard benchmark is 30%. Mccordsville falls comfortably within that range.

How much income do you need to rent in Mccordsville?

To keep rent at or below 30% of gross income, you would need to earn at least $87,000/year (~$42/hour full-time) to afford the median rent of $2,180/mo in Mccordsville. The local median household income is $110,692/yr, meaning the typical Mccordsville household meets that threshold.

Is rent going up or down in Mccordsville?

Rent in Mccordsville has increased 5.6% over the past year as of July 2026, putting upward pressure on renter budgets.

How does Mccordsville rent compare to other cities in Indiana?

Mccordsville is one of the pricier cities in Indiana for rent, ranking #1 out of 65 tracked cities at $2,180/mo.

Which nearby cities are cheaper to rent in than Mccordsville?

Several nearby cities have lower median rents than Mccordsville ($2,180/mo): Fortville ($1,554/mo), Greenfield ($1,584/mo), Lawrence ($1,615/mo).

What percentage of Mccordsville residents rent vs. own?

According to Census data, approximately 15.3% of Mccordsville households are renters, while 84.7% are owner-occupied. Mccordsville leans toward homeownership, which can mean a smaller rental inventory.

How does Mccordsville rent compare to the national average?

Mccordsville's median rent of $2,180/mo is $215 (11%) above the US national median of $1,965/mo. Within Indiana, it ranks #1 out of 65 tracked cities.
Income Affordability
24%
VERY AFFORDABLE

At $2,180/mo, rent takes ~24% of Mccordsville's median household income ($110,692/yr). The standard benchmark is 30%.

Mccordsville 24%Benchmark 30%
State income tax3.05%
Run the Mccordsville affordability calculator →
Lowest-rent ZIP codes in Mccordsville
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Mccordsville, IN

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