ZIP Code · IN

ZIP 46062

Part of Noblesville, IN

Pop. 41,060·Hamilton County·19th most expensive ZIP in Indiana

Median rent (all units)

$1,820/mo

Year-over-Year

+4.0%

Month-over-Month

+0.6%

vs US Median

-$112

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 46062 · $1,820

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

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Medians by bedroom

Rent by unit size

Studio

$1,310

1 BR

$1,490

2 BR

$1,730

3 BR

$2,240

4 BR+

$2,750

Research median

$1,730/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 46062 usually run 1% below trend in December and 0.8% above it in July, about $33 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 46062 is at its highest level since Zillow's records here began in December 2020.

Past year vs. the rest of Indiana

Rent in ZIP 46062 changed +4.0% 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 10 months in a row, and rose in 11 of the last 12 months.

What a typical income covers

30% of the median household income ($120,100) is $3,003 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($2,750).

From Zillow's monthly rent index (ZORI) for ZIP 46062. 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

$21,840/yr

At $1,820/mo median

Location

CityNoblesville

StateIN

CountyHamilton County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (4.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+4.0% YoY, +0.6% MoM), not inventory.

Demographics

Who lives here

ZIP 46062 (Noblesville, IN) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 56.9% of residents hold a bachelor's degree or higher.

Population

41,060

Median income

$120,100

Median age

37.6

Renters

21.4%

Age distribution

25.6%

20.4%

27.6%

12.1%

14.3%

Under 1825.6%

18–3420.4%

35–5427.6%

55–6412.1%

65+14.3%

Gender

50.1%

49.9%

Male50.1%

Female49.9%

Race & ethnicity

84.6%

White84.6%

Black7.5%

Hispanic3.9%

Asian2.9%

Other1.2%

Education (25+)

16.8%

24.3%

56.9%

No HS diploma2%

HS diploma16.8%

Some college24.3%

Bachelor's+56.9%

Housing tenure

78.6%

21.4%

Owner78.6%

Renter21.4%

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

2021 vs 2026

How ZIP 46062 in Noblesville, IN has changed in 5 years

Rent

$1,358 → $1,820

up 34.0%

Income

$92,562 → $120,100

up 29.8%

Population

35,633 → 41,060

up 15.2%

Renter share

18.6% → 21.4%

+2.8 pts

Bachelor's+

51.3% → 56.9%

+5.6 pts

Compared with 2021, rent in ZIP 46062 in Noblesville, IN has increased by $462 per month, settling near $1,820 after starting the period at $1,358. Census figures show median household income at $120,100 today, compared with $92,562 five years earlier. Rent outpaced income growth by roughly 4.2 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 35,633 to 41,060 between 2021 and 2024, a 15.2% change. About 21.4% of households rent today, against 18.6% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 51.3% to 56.9%. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

Community

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Local insights

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About renting in ZIP 46062

Last updated: October 17, 2026

ZIP code 46062 covers Noblesville, IN. The median rent here is $1,820/mo as of October 2026. A 1-bedroom rents for a median of $1,490/mo. A 2-bedroom rents for a median of $1,730/mo.

At 18% of local median household income ($120,100/yr), ZIP 46062 ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.0% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 46062?

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 $1,820/mo in ZIP 46062. The local median household income is $120,100/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 46062?

Rent in ZIP 46062 has risen 4.0% over the past year as of September 2026. That is the highest level since Zillow's records here began in December 2020.

When is the cheapest time to rent in ZIP 46062?

Asking rents in ZIP 46062 are usually lowest in December, about 1% below their yearly trend, and highest in July, about 0.8% above it. At today's median that is a gap of roughly $33 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 46062 compare to other ZIPs in Indiana?

ZIP 46062 is one of the pricier among Indiana ZIP codes for rent, ranking #19 of 139 at $1,820/mo. Over the year to September 2026, rent in ZIP 46062 changed +4.0%, against a typical +3.9% across the 114 Indiana ZIP codes Zillow tracks.