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ZIP Code · IN

ZIP 46041

Pop. 23,134·Clinton County·143rd most expensive ZIP in Indiana
Median rent (all units)
$763/mo
Year-over-Year
Stable
Month-over-Month
+1.5%
vs US Median
-$1,202
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 46041 · $763
More affordable than 100% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$521
1 BR
$604
2 BR
$707
3 BR
$926
4 BR+
$1,112
Research median
$707/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
$9,156/yr
At $763/mo median
Location
StateIN
CountyClinton 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, +1.5% MoM), not inventory.
Demographics

Who lives here

ZIP 46041 (Frankfort, IN) is majority owner-occupied, has a large share of families with children, has a median income below the national average, 15.4% of residents hold a bachelor's degree or higher.

Population
23,134
Median income
$63,157
Median age
36.9
Renters
28.6%
Age distribution
25.9%
21.4%
23.2%
13.6%
15.9%
Under 1825.9%
18–3421.4%
35–5423.2%
55–6413.6%
65+15.9%
Gender
49.3%
50.7%
Male49.3%
Female50.7%
Race & ethnicity
77.1%
25.4%
White77.1%
Black0.7%
Hispanic25.4%
Education (25+)
15.4%
43.7%
25.5%
15.4%
No HS diploma15.4%
HS diploma43.7%
Some college25.5%
Bachelor's+15.4%
Housing tenure
71.4%
28.6%
Owner71.4%
Renter28.6%

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

2021 vs 2026

How ZIP 46041 in Frankfort, IN has changed in 5 years

Income
$53,250 → $63,157
up 18.6%
Population
23,126 → 23,134
up 0.0%
Renter share
31.1% → 28.6%
-2.5 pts
Bachelor's+
14.7% → 15.4%
+0.7 pts

Household income in the area moved from $53,250 to $63,157 across the same window, up 18.6% versus 2021. The renter share has eased from 31.1% to 28.6%, with owner-occupied housing accounting for the remainder.

Community

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Local insights

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About renting in ZIP 46041

Last updated: July 20, 2026

ZIP code 46041 covers Frankfort, IN. The median rent here is $763/mo as of July 2026. A 1-bedroom rents for a median of $604/mo. A 2-bedroom rents for a median of $707/mo.

At 14% of local median household income ($63,157/yr), ZIP 46041 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 46041?

As of July 20, 2026, the median monthly rent in ZIP 46041 (Frankfort, IN) is $763. This is based on aggregated data from public sources and community submissions.

How does ZIP 46041 rent compare to the US average?

ZIP 46041's median rent of $763/mo is $1,202 (61%) below the US national median of $1,965/mo.

How does ZIP 46041 compare to other ZIPs in Indiana?

ZIP 46041 is among the more affordable ZIP codes in Indiana, ranking #143 out of 144 ZIPs at $763/mo.

How much income do you need to rent in ZIP 46041?

To keep rent at or below 30% of gross income, you would need to earn at least $31,000/year (~$15/hour full-time) to afford the median rent of $763/mo in ZIP 46041. The local median household income is $63,157/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 46041?

Rent in ZIP 46041 has been relatively stable over the past year, with a 0.0% change year over year as of July 20, 2026.

Is ZIP 46041 an affordable place to rent?

ZIP 46041 is considered very affordable for renters. At $763/mo, rent takes approximately 14% of the local median household income ($63,157/yr). The standard benchmark is 30%. ZIP 46041 falls comfortably within that range.

What percentage of ZIP 46041 residents rent vs. own?

According to Census data, approximately 28.6% of ZIP 46041 households are renters, while 71.4% are owner-occupied. ZIP 46041 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 46041 compare to the rest of Frankfort?

ZIP 46041 sits right at the Frankfort citywide median of $763/mo.

When was rent data for ZIP 46041 last updated?

Rent data for ZIP 46041 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
14%
VERY AFFORDABLE

At $763/mo, rent takes ~14% of ZIP 46041's median household income ($63,157/yr). The standard benchmark is 30%.

ZIP 46041 14%Benchmark 30%
State income tax3.05%
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Schools nearby

Public schools near ZIP 46041 (Frankfort, IN)

Recent submissions

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