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ZIP Code · IN

ZIP 46033

Part of Carmel, IN
Pop. 40,881·Hamilton County·1st most expensive ZIP in Indiana
Median rent (all units)
$2,495/mo
Year-over-Year
+34.5%
Month-over-Month
+7.4%
vs US Median
+$530
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 46033 · $2,495
More expensive than 79% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,570
1 BR
$1,780
2 BR
$2,070
3 BR
$2,680
4 BR+
$3,290
Research median
$2,070/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
$29,940/yr
At $2,495/mo median
Location
CityCarmel
StateIN
CountyHamilton County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 34.5% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+34.5% YoY, +7.4% MoM), not inventory.
Demographics

Who lives here

ZIP 46033 (Carmel, IN) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 71.4% of residents hold a bachelor's degree or higher.

Population
40,881
Median income
$153,143
Median age
41.7
Renters
12.2%
Age distribution
26.8%
14.4%
29.4%
13.2%
16.3%
Under 1826.8%
18–3414.4%
35–5429.4%
55–6413.2%
65+16.3%
Gender
48.1%
51.9%
Male48.1%
Female51.9%
Race & ethnicity
78.6%
White78.6%
Black2.6%
Hispanic7.7%
Asian7.3%
Other3.8%
Education (25+)
18.1%
71.4%
No HS diploma1.9%
HS diploma8.6%
Some college18.1%
Bachelor's+71.4%
Housing tenure
87.8%
12.2%
Owner87.8%
Renter12.2%

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

2021 vs 2026

How ZIP 46033 in Carmel, IN has changed in 5 years

Income
$140,945 → $153,143
up 8.7%
Population
40,003 → 40,881
up 2.2%
Renter share
13.4% → 12.2%
-1.2 pts
Bachelor's+
74.5% → 71.4%
-3.1 pts

Local incomes tracked alongside that move, going from a median of $140,945 in 2021 to $153,143 more recently. The population has grown by 2.2% since 2021, moving from about 40,003 residents to roughly 40,881. College-educated residents now make up 71.4% of adults here, versus 74.5% in 2021.

Community

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Local insights

Tips for renters in ZIP 46033

About renting in ZIP 46033

Last updated: July 20, 2026

ZIP code 46033 covers Carmel, IN. The median rent here is $2,495/mo as of July 2026. A 1-bedroom rents for a median of $1,780/mo. A 2-bedroom rents for a median of $2,070/mo.

At 20% of local median household income ($153,143/yr), ZIP 46033 ranks as affordable compared to the national benchmark of 30%. Rents have increased 34.5% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 46033?

As of July 20, 2026, the median monthly rent in ZIP 46033 (Carmel, IN) is $2,495. This is based on aggregated data from public sources and community submissions.

How does ZIP 46033 rent compare to the US average?

ZIP 46033's median rent of $2,495/mo is $530 (27%) above the US national median of $1,965/mo.

How does ZIP 46033 compare to other ZIPs in Indiana?

ZIP 46033 is one of the pricier ZIP codes in Indiana, ranking #1 out of 144 ZIPs tracked at $2,495/mo.

How much income do you need to rent in ZIP 46033?

To keep rent at or below 30% of gross income, you would need to earn at least $100,000/year (~$48/hour full-time) to afford the median rent of $2,495/mo in ZIP 46033. The local median household income is $153,143/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 46033?

Rent in ZIP 46033 has increased 34.5% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 46033 an affordable place to rent?

ZIP 46033 is considered very affordable for renters. At $2,495/mo, rent takes approximately 20% of the local median household income ($153,143/yr). The standard benchmark is 30%. ZIP 46033 falls comfortably within that range.

What percentage of ZIP 46033 residents rent vs. own?

According to Census data, approximately 12.2% of ZIP 46033 households are renters, while 87.8% are owner-occupied. ZIP 46033 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 46033 compare to the rest of Carmel?

ZIP 46033 is pricier than Carmel as a whole. At $2,495/mo, it's $641 above the Carmel citywide median of $1,854/mo.

When was rent data for ZIP 46033 last updated?

Rent data for ZIP 46033 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
20%
VERY AFFORDABLE

At $2,495/mo, rent takes ~20% of ZIP 46033's median household income ($153,143/yr). The standard benchmark is 30%.

ZIP 46033 20%Benchmark 30%
State income tax3.05%
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Schools nearby

Public schools near ZIP 46033 (Carmel, IN)

Recent submissions

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