ZIP Code · IN

ZIP 46040

Part of Fishers, IN

Pop. 15,943·Hamilton County·22nd most expensive ZIP in Indiana

Median rent (all units)

$1,818/mo

Year-over-Year

Stable

Month-over-Month

+0.7%

vs US Median

-$114

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 46040 · $1,818

More expensive than 50% of US ZIP codes · National median $1,932/mo

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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

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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 ($147,500) is $3,688 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($2,410).

Cheaper nearby

ZIP 46256, 10 miles away, rents for 36% less ($1,168/mo), about $7,800 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 46040. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$21,816/yr

At $1,818/mo median

Location

CityFishers

StateIN

CountyHamilton County

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (+0.0% YoY, +0.7% 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

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Local insights

Tips for renters in ZIP 46040

About renting in ZIP 46040

Last updated: September 25, 2026

ZIP code 46040 covers Fishers, IN. The median rent here is $1,818/mo as of September 2026. A 1-bedroom rents for a median of $1,310/mo. A 2-bedroom rents for a median of $1,530/mo.

At 15% 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 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 $73,000/year (about $35/hour full-time) to afford the median rent of $1,818/mo in ZIP 46040. The local median household income is $147,500/yr, so the typical household meets that bar.