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ZIP Code · IN

ZIP 46016

Part of Anderson, IN
Pop. 17,834·Madison County·134th most expensive ZIP in Indiana
Median rent (all units)
$961/mo
Year-over-Year
+9.1%
Month-over-Month
-0.7%
vs US Median
-$1,004
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 46016 · $961
More affordable than 99% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$890
1 BR
$910
2 BR
$1,200
3 BR
$1,590
4 BR+
$1,590
Research median
$1,200/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
$11,532/yr
At $961/mo median
Location
StateIN
CountyMadison County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 9.1% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+9.1% YoY, -0.7% MoM), not inventory.
Demographics

Who lives here

ZIP 46016 (Anderson, IN) is majority renter-occupied, has a median income below the national average, 9.4% of residents hold a bachelor's degree or higher.

Population
17,834
Median income
$36,029
Median age
34.6
Renters
59.5%
Age distribution
24.4%
26.2%
26.9%
Under 1824.4%
18–3426.2%
35–5426.9%
55–6411.7%
65+10.8%
Gender
50.9%
49.1%
Male50.9%
Female49.1%
Race & ethnicity
66.7%
14.5%
13.9%
White66.7%
Black14.5%
Hispanic13.9%
Other4.5%
Education (25+)
19.6%
47.2%
23.9%
No HS diploma19.6%
HS diploma47.2%
Some college23.9%
Bachelor's+9.4%
Housing tenure
40.5%
59.5%
Owner40.5%
Renter59.5%

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

2021 vs 2026

How ZIP 46016 in Anderson, IN has changed in 5 years

Income
$29,879 → $36,029
up 20.6%
Population
18,412 → 17,834
down 3.1%
Renter share
59.7% → 59.5%
-0.2 pts
Bachelor's+
9.1% → 9.4%
+0.3 pts
Median age
33.6 → 34.6
+1.0 yrs

Median household income rose from $29,879 to $36,029 between 2021 and 2024, a 20.6% shift. The population has contracted by 3.1% since 2021, moving from about 18,412 residents to roughly 17,834.

Community

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Local insights

Tips for renters in ZIP 46016

About renting in ZIP 46016

Last updated: July 20, 2026

ZIP code 46016 covers Anderson, IN. The median rent here is $961/mo as of July 2026. A 1-bedroom rents for a median of $910/mo. A 2-bedroom rents for a median of $1,200/mo.

At 32% of local median household income ($36,029/yr), ZIP 46016 ranks as moderate compared to the national benchmark of 30%. Rents have increased 9.1% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 46016?

As of July 20, 2026, the median monthly rent in ZIP 46016 (Anderson, IN) is $961. This is based on aggregated data from public sources and community submissions.

How does ZIP 46016 rent compare to the US average?

ZIP 46016's median rent of $961/mo is $1,004 (51%) below the US national median of $1,965/mo.

How does ZIP 46016 compare to other ZIPs in Indiana?

ZIP 46016 is among the more affordable ZIP codes in Indiana, ranking #134 out of 144 ZIPs at $961/mo.

How much income do you need to rent in ZIP 46016?

To keep rent at or below 30% of gross income, you would need to earn at least $38,000/year (~$18/hour full-time) to afford the median rent of $961/mo in ZIP 46016. The local median household income is $36,029/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 46016?

Rent in ZIP 46016 has increased 9.1% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 46016 an affordable place to rent?

ZIP 46016 is considered moderate for renters. At $961/mo, rent takes approximately 32% of the local median household income ($36,029/yr). The standard benchmark is 30%. ZIP 46016 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 46016 residents rent vs. own?

According to Census data, approximately 59.5% of ZIP 46016 households are renters, while 40.5% are owner-occupied. With a majority renter population, ZIP 46016 has a strong rental market.

How does ZIP 46016 compare to the rest of Anderson?

ZIP 46016 is more affordable than Anderson overall. At $961/mo, it's $93 below the Anderson citywide median of $1,054/mo.

When was rent data for ZIP 46016 last updated?

Rent data for ZIP 46016 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
32%
MODERATE

At $961/mo, rent takes ~32% of ZIP 46016's median household income ($36,029/yr). The standard benchmark is 30%.

ZIP 46016 32%Benchmark 30%
State income tax3.05%
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Schools nearby

Public schools near ZIP 46016 (Anderson, IN)

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