ZIP Code · IN

ZIP 46011

Part of Anderson, IN

Pop. 16,534·Madison County·104th most expensive ZIP in Indiana

Median rent (all units)

$1,174/mo

Year-over-Year

Stable

Month-over-Month

+2.3%

vs US Median

-$758

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 46011 · $1,174

More affordable than 92% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,030

1 BR

$1,050

2 BR

$1,380

3 BR

$1,820

4 BR+

$1,830

Research median

$1,380/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: September 25, 2026

From the history

What the numbers show

What a typical income covers

30% of the median household income ($76,391) is $1,910 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,830).

Cheaper nearby

ZIP 46016, 5 miles away, rents for 16% less ($988/mo), about $2,200 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 46011. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$14,088/yr

At $1,174/mo median

Location

CityAnderson

StateIN

CountyMadison County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (0.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+0.0% YoY, +2.3% MoM), not inventory.

Demographics

Who lives here

ZIP 46011 (Anderson, IN) is majority owner-occupied, has a large retiree population, 27.1% of residents hold a bachelor's degree or higher.

Population

16,534

Median income

$76,391

Median age

45.6

Renters

17.2%

Age distribution

20.5%

18.4%

23.4%

13.2%

24.5%

Under 1820.5%

18–3418.4%

35–5423.4%

55–6413.2%

65+24.5%

Gender

49.2%

50.8%

Male49.2%

Female50.8%

Race & ethnicity

83%

White83%

Black9.3%

Hispanic4.7%

Other2.7%

Education (25+)

35%

31%

27.1%

No HS diploma7%

HS diploma35%

Some college31%

Bachelor's+27.1%

Housing tenure

82.8%

17.2%

Owner82.8%

Renter17.2%

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

2021 vs 2026

How ZIP 46011 in Anderson, IN has changed in 5 years

Income

$66,411 → $76,391

up 15.0%

Population

17,790 → 16,534

down 7.1%

Renter share

20.2% → 17.2%

-3.0 pts

Bachelor's+

23.4% → 27.1%

+3.7 pts

Median age

41.7 → 45.6

+3.9 yrs

Household income in the area moved from $66,411 to $76,391 across the same window, up 15.0% versus 2021. The population has contracted by 7.1% since 2021, moving from about 17,790 residents to roughly 16,534. Renters now make up 17.2% of households, compared with 20.2% five years ago. College-educated residents now make up 27.1% of adults here, versus 23.4% in 2021.

Community

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Local insights

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About renting in ZIP 46011

Last updated: September 25, 2026

ZIP code 46011 covers Anderson, IN. The median rent here is $1,174/mo as of September 2026. A 1-bedroom rents for a median of $1,050/mo. A 2-bedroom rents for a median of $1,380/mo.

At 18% of local median household income ($76,391/yr), ZIP 46011 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 46011?

To keep rent at or below 30% of gross income, you would need to earn at least $47,000/year (about $23/hour full-time) to afford the median rent of $1,174/mo in ZIP 46011. The local median household income is $76,391/yr, so the typical household meets that bar.