RentDataNowRentDataNow
ZIP Code · IN

ZIP 46040

Part of Fishers, IN
Pop. 15,943·Hamilton County·31st most expensive ZIP in Indiana
Median rent (all units)
$1,742/mo
Year-over-Year
Stable
Month-over-Month
+16.1%
vs US Median
-$223
Rising (Monthly)
Be the first to discuss 46040 rents ↓
Most AffordableMost Expensive
ZIP 46040 · $1,742
More affordable than 56% of US ZIP codes · National median $1,965/mo
Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio
$1,160
1 BR
$1,310
2 BR
$1,530
3 BR
$1,980
4 BR+
$2,410
Research median
$1,530/mo

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

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost
$20,904/yr
At $1,742/mo median
Location
StateIN
CountyHamilton County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+0.0% YoY, +16.1% MoM), not inventory.
Demographics

Who lives here

ZIP 46040 (Fishers, IN) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 50.4% of residents hold a bachelor's degree or higher.

Population
15,943
Median income
$147,500
Median age
36.5
Renters
14.4%
Age distribution
25.3%
22.7%
33.3%
Under 1825.3%
18–3422.7%
35–5433.3%
55–6410.4%
65+8.3%
Gender
51.7%
48.3%
Male51.7%
Female48.3%
Race & ethnicity
81.8%
White81.8%
Black6.2%
Hispanic1.9%
Asian5.2%
Other4.9%
Education (25+)
21%
23%
50.4%
No HS diploma5.6%
HS diploma21%
Some college23%
Bachelor's+50.4%
Housing tenure
85.6%
14.4%
Owner85.6%
Renter14.4%

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

2021 vs 2026

How ZIP 46040 in Fishers, IN has changed in 5 years

Income
$111,447 → $147,500
up 32.3%
Population
15,813 → 15,943
up 0.8%
Renter share
13.6% → 14.4%
+0.8 pts
Bachelor's+
48.4% → 50.4%
+2.0 pts
Median age
37.8 → 36.5
-1.3 yrs

Median household income climbed from $111,447 to $147,500 between 2021 and 2024, a 32.3% shift. Bachelor's-degree-or-higher attainment moved from 48.4% to 50.4% across the same window.

Community

Discussions about ZIP 46040

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 46040

About renting in ZIP 46040

Last updated: July 20, 2026

ZIP code 46040 covers Fishers, IN. The median rent here is $1,742/mo as of July 2026. A 1-bedroom rents for a median of $1,310/mo. A 2-bedroom rents for a median of $1,530/mo.

At 14% of local median household income ($147,500/yr), ZIP 46040 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 is rent in ZIP code 46040?

As of July 20, 2026, the median monthly rent in ZIP 46040 (Fishers, IN) is $1,742. This is based on aggregated data from public sources and community submissions.

How does ZIP 46040 rent compare to the US average?

ZIP 46040's median rent of $1,742/mo is $223 (11%) below the US national median of $1,965/mo.

How does ZIP 46040 compare to other ZIPs in Indiana?

ZIP 46040 is one of the pricier ZIP codes in Indiana, ranking #31 out of 144 ZIPs tracked at $1,742/mo.

How much income do you need to rent in ZIP 46040?

To keep rent at or below 30% of gross income, you would need to earn at least $70,000/year (~$34/hour full-time) to afford the median rent of $1,742/mo in ZIP 46040. The local median household income is $147,500/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 46040?

Rent in ZIP 46040 has been relatively stable over the past year, with a 0.0% change year over year as of July 20, 2026.

Is ZIP 46040 an affordable place to rent?

ZIP 46040 is considered very affordable for renters. At $1,742/mo, rent takes approximately 14% of the local median household income ($147,500/yr). The standard benchmark is 30%. ZIP 46040 falls comfortably within that range.

What percentage of ZIP 46040 residents rent vs. own?

According to Census data, approximately 14.4% of ZIP 46040 households are renters, while 85.6% are owner-occupied. ZIP 46040 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 46040 compare to the rest of Fishers?

ZIP 46040 is more affordable than Fishers overall. At $1,742/mo, it's $141 below the Fishers citywide median of $1,883/mo.

When was rent data for ZIP 46040 last updated?

Rent data for ZIP 46040 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
14%
VERY AFFORDABLE

At $1,742/mo, rent takes ~14% of ZIP 46040's median household income ($147,500/yr). The standard benchmark is 30%.

ZIP 46040 14%Benchmark 30%
State income tax3.05%
Compare

How does this area stack up?

Pick another city or ZIP to compare.

Schools nearby

Public schools near ZIP 46040 (Fishers, IN)

Recent submissions

Be the first to submit your rent for this ZIP.

Recent discussions

No discussions yet.