ZIP Code · IN

ZIP 46060

Part of Noblesville, IN

Pop. 47,610·Hamilton County·28th most expensive ZIP in Indiana

Median rent (all units)

$1,696/mo

Year-over-Year

+7.2%

Month-over-Month

+1.1%

vs US Median

-$236

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 46060 · $1,696

More affordable than 58% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,210

1 BR

$1,370

2 BR

$1,590

3 BR

$2,060

4 BR+

$2,520

Research median

$1,590/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

Cheapest month to sign

December. Asking rents in ZIP 46060 usually run 1.6% below trend in December and 1% above it in July, about $44 a month apart at today's median. Based on 10 years of data.

Compared with the peak

Rent in ZIP 46060 is at its highest level since Zillow's records here began in June 2016.

Past year vs. the rest of Indiana

Rent in ZIP 46060 changed +7.2% over the year to September 2026. Across the 114 Indiana ZIP codes Zillow tracks, the typical change was +3.9%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 46060 rose 39.3% while median household income rose 17.4% ($78,300 to $91,918). Rent outpaced income.

Since before the pandemic

Rent in ZIP 46060 is 50% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 4 months in a row, and rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($91,918) is $2,298 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,060); a 4-bedroom is $2,520.

Cheaper nearby

ZIP 46011, 9 miles away, rents for 31% less ($1,174/mo), about $6,300 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 46060. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$20,352/yr

At $1,696/mo median

Location

CityNoblesville

StateIN

CountyHamilton County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 7.2% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+7.2% YoY, +1.1% MoM), not inventory.

Demographics

Who lives here

ZIP 46060 (Noblesville, IN) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 45.7% of residents hold a bachelor's degree or higher.

Population

47,610

Median income

$91,918

Median age

35.8

Renters

31.2%

Age distribution

25.6%

23.3%

27%

14.2%

Under 1825.6%

18–3423.3%

35–5427%

55–649.8%

65+14.2%

Gender

49.4%

50.6%

Male49.4%

Female50.6%

Race & ethnicity

82.5%

White82.5%

Black5.5%

Hispanic6.9%

Asian3.8%

Other1.3%

Education (25+)

22.5%

27.4%

45.7%

No HS diploma4.4%

HS diploma22.5%

Some college27.4%

Bachelor's+45.7%

Housing tenure

68.8%

31.2%

Owner68.8%

Renter31.2%

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

2021 vs 2026

How ZIP 46060 in Noblesville, IN has changed in 5 years

Rent

$1,235 → $1,696

up 37.3%

Income

$81,117 → $91,918

up 13.3%

Population

47,214 → 47,610

up 0.8%

Renter share

30.1% → 31.2%

+1.1 pts

Bachelor's+

46.2% → 45.7%

-0.5 pts

Median age

33.4 → 35.8

+2.4 yrs

Since 2021, the typical rent in ZIP 46060 in Noblesville, IN has increased from $1,235 to $1,696, a 37.3% change over five years. Census figures show median household income at $91,918 today, compared with $81,117 five years earlier. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

Community

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About renting in ZIP 46060

Last updated: October 17, 2026

ZIP code 46060 covers Noblesville, IN. The median rent here is $1,696/mo as of October 2026. A 1-bedroom rents for a median of $1,370/mo. A 2-bedroom rents for a median of $1,590/mo.

At 22% of local median household income ($91,918/yr), ZIP 46060 ranks as affordable compared to the national benchmark of 30%. Rents have increased 7.2% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 46060?

To keep rent at or below 30% of gross income, you would need to earn at least $68,000/year (about $33/hour full-time) to afford the median rent of $1,696/mo in ZIP 46060. The local median household income is $91,918/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 46060?

Rent in ZIP 46060 has risen 7.2% over the past year as of September 2026. That is the highest level since Zillow's records here began in June 2016.

When is the cheapest time to rent in ZIP 46060?

Asking rents in ZIP 46060 are usually lowest in December, about 1.6% below their yearly trend, and highest in July, about 1% above it. At today's median that is a gap of roughly $44 a month. This pattern comes from 10 years of Zillow rent data.

Has rent outpaced income in ZIP 46060?

Yes. From 2019 to 2024, rent in ZIP 46060 rose 39.3% while median household income rose 17.4%, from $78,300 to $91,918. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 46060 compare to other ZIPs in Indiana?

ZIP 46060 is one of the pricier among Indiana ZIP codes for rent, ranking #28 of 139 at $1,696/mo. Over the year to September 2026, rent in ZIP 46060 changed +7.2%, against a typical +3.9% across the 114 Indiana ZIP codes Zillow tracks.