ZIP Code · IN

ZIP 46055

Part of McCordsville, IN

Pop. 16,010·Hancock County·2nd most expensive ZIP in Indiana

Median rent (all units)

$2,244/mo

Year-over-Year

+1.5%

Month-over-Month

+1.3%

vs US Median

+$312

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 46055 · $2,244

More expensive than 72% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,450

1 BR

$1,640

2 BR

$1,910

3 BR

$2,470

4 BR+

$3,030

Research median

$1,910/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: October 17, 2026

From the history

What the numbers show

Past year vs. the rest of Indiana

Rent in ZIP 46055 changed +1.5% over the year to September 2026. Across the 114 Indiana ZIP codes Zillow tracks, the typical change was +3.9%.

Recent direction

Rent has risen 2 months in a row, and rose in 6 of the last 12 months.

What a typical income covers

30% of the median household income ($113,784) is $2,845 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,470); a 4-bedroom is $3,030.

Cheaper nearby

ZIP 46236, 3 miles away, rents for 15% less ($1,906/mo), about $4,100 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 46055. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$26,928/yr

At $2,244/mo median

Location

CityMcCordsville

StateIN

CountyHancock County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (1.5% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+1.5% YoY, +1.3% MoM), not inventory.

Demographics

Who lives here

ZIP 46055 (McCordsville, IN) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 55.1% of residents hold a bachelor's degree or higher.

Population

16,010

Median income

$113,784

Median age

38.4

Renters

17.7%

Age distribution

26.9%

17.8%

30.3%

12.4%

12.7%

Under 1826.9%

18–3417.8%

35–5430.3%

55–6412.4%

65+12.7%

Gender

48.1%

51.9%

Male48.1%

Female51.9%

Race & ethnicity

80.5%

White80.5%

Black9.8%

Hispanic4.3%

Asian2%

Other3.5%

Education (25+)

18.7%

22.2%

55.1%

No HS diploma4%

HS diploma18.7%

Some college22.2%

Bachelor's+55.1%

Housing tenure

82.3%

17.7%

Owner82.3%

Renter17.7%

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

2021 vs 2026

How ZIP 46055 in McCordsville, IN has changed in 5 years

Income

$99,860 → $113,784

up 13.9%

Population

14,197 → 16,010

up 12.8%

Renter share

13% → 17.7%

+4.7 pts

Bachelor's+

52.6% → 55.1%

+2.5 pts

Household income in the area moved from $99,860 to $113,784 across the same window, up 13.9% versus 2021. Census counts show ZIP 46055 in McCordsville, IN adding about 1,813 residents over the five-year window, up 12.8% on net. The renter share has risen from 13% to 17.7%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 52.6% to 55.1% across the same window.

Community

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Local insights

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About renting in ZIP 46055

Last updated: October 17, 2026

ZIP code 46055 covers McCordsville, IN. The median rent here is $2,244/mo as of October 2026. A 1-bedroom rents for a median of $1,640/mo. A 2-bedroom rents for a median of $1,910/mo.

At 24% of local median household income ($113,784/yr), ZIP 46055 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.5% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 46055?

To keep rent at or below 30% of gross income, you would need to earn at least $90,000/year (about $43/hour full-time) to afford the median rent of $2,244/mo in ZIP 46055. The local median household income is $113,784/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 46055?

Rent in ZIP 46055 has risen 1.5% over the past year.

How does ZIP 46055 compare to other ZIPs in Indiana?

ZIP 46055 is one of the pricier among Indiana ZIP codes for rent, ranking #2 of 139 at $2,244/mo. Over the year to September 2026, rent in ZIP 46055 changed +1.5%, against a typical +3.9% across the 114 Indiana ZIP codes Zillow tracks.