ZIP Code · IN

ZIP 46064

Part of Pendleton, IN

Pop. 18,499·Madison County·14th most expensive ZIP in Indiana

Median rent (all units)

$1,949/mo

Year-over-Year

Stable

Month-over-Month

+0.9%

vs US Median

+$17

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 46064 · $1,949

More expensive than 59% 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

$1,060

1 BR

$1,090

2 BR

$1,430

3 BR

$1,890

4 BR+

$1,900

Research median

$1,430/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 ($94,609) is $2,365 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,900).

Cheaper nearby

ZIP 46013, 5 miles away, rents for 43% less ($1,112/mo), about $10,000 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 46064. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$23,388/yr

At $1,949/mo median

Location

CityPendleton

StateIN

CountyMadison 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, +0.9% MoM), not inventory.

Demographics

Who lives here

ZIP 46064 (Pendleton, IN) is majority owner-occupied, has a median income above the national average, 29.8% of residents hold a bachelor's degree or higher.

Population

18,499

Median income

$94,609

Median age

39.6

Renters

14.8%

Age distribution

20.6%

22.2%

27.7%

13.5%

16%

Under 1820.6%

18–3422.2%

35–5427.7%

55–6413.5%

65+16%

Gender

56.1%

43.9%

Male56.1%

Female43.9%

Race & ethnicity

82.9%

White82.9%

Black5.5%

Hispanic5.6%

Asian1.4%

Other4.6%

Education (25+)

30.6%

31.9%

29.8%

No HS diploma7.7%

HS diploma30.6%

Some college31.9%

Bachelor's+29.8%

Housing tenure

85.2%

14.8%

Owner85.2%

Renter14.8%

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

2021 vs 2026

How ZIP 46064 in Pendleton, IN has changed in 5 years

Income

$79,246 → $94,609

up 19.4%

Population

16,779 → 18,499

up 10.3%

Renter share

18.1% → 14.8%

-3.3 pts

Bachelor's+

30.3% → 29.8%

-0.5 pts

Household income in the area moved from $79,246 to $94,609 across the same window, up 19.4% versus 2021. Headcount in the area went from 16,779 to 18,499 between 2021 and 2024, a 10.3% change. About 14.8% of households rent today, against 18.1% in 2021.

Community

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Local insights

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About renting in ZIP 46064

Last updated: September 25, 2026

ZIP code 46064 covers Pendleton, IN. The median rent here is $1,949/mo as of September 2026. A 1-bedroom rents for a median of $1,090/mo. A 2-bedroom rents for a median of $1,430/mo.

At 25% of local median household income ($94,609/yr), ZIP 46064 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 46064?

To keep rent at or below 30% of gross income, you would need to earn at least $78,000/year (about $38/hour full-time) to afford the median rent of $1,949/mo in ZIP 46064. The local median household income is $94,609/yr, so the typical household meets that bar.