ZIP Code · IN

ZIP 46074

Part of Westfield, IN

Pop. 48,901·Hamilton County·10th most expensive ZIP in Indiana

Median rent (all units)

$1,959/mo

Year-over-Year

+6.8%

Month-over-Month

+0.8%

vs US Median

+$27

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 46074 · $1,959

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

$1,440

1 BR

$1,630

2 BR

$1,900

3 BR

$2,460

4 BR+

$3,020

Research median

$1,900/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

February. Asking rents in ZIP 46074 usually run 1.8% below trend in February and 1.5% above it in July, about $65 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 46074 is at its highest level since Zillow's records here began in January 2021.

Past year vs. the rest of Indiana

Rent in ZIP 46074 changed +6.8% 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 7 months in a row, and rose in 11 of the last 12 months.

What a typical income covers

30% of the median household income ($126,724) is $3,168 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($3,020).

Cheaper nearby

ZIP 46069, 8 miles away, rents for 22% less ($1,525/mo), about $5,200 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 46074. 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

$23,508/yr

At $1,959/mo median

Location

CityWestfield

StateIN

CountyHamilton County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 6.8% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+6.8% YoY, +0.8% MoM), not inventory.

Demographics

Who lives here

ZIP 46074 (Westfield, IN) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 60.1% of residents hold a bachelor's degree or higher.

Population

48,901

Median income

$126,724

Median age

37.1

Renters

18.4%

Age distribution

26%

21.2%

29.2%

12.1%

Under 1826%

18–3421.2%

35–5429.2%

55–6412.1%

65+11.5%

Gender

48.8%

51.2%

Male48.8%

Female51.2%

Race & ethnicity

76.9%

White76.9%

Black3.6%

Hispanic7.8%

Asian8.9%

Other2.8%

Education (25+)

16.9%

19.5%

60.1%

No HS diploma3.5%

HS diploma16.9%

Some college19.5%

Bachelor's+60.1%

Housing tenure

81.6%

18.4%

Owner81.6%

Renter18.4%

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

2021 vs 2026

How ZIP 46074 in Westfield, IN has changed in 5 years

Rent

$1,402 → $1,959

up 39.7%

Income

$107,556 → $126,724

up 17.8%

Population

41,248 → 48,901

up 18.6%

Renter share

17.5% → 18.4%

+0.9 pts

Bachelor's+

56% → 60.1%

+4.1 pts

Median age

36.3 → 37.1

+0.8 yrs

Rent in ZIP 46074 in Westfield, IN has increased 39.7% since 2021, going from about $1,402 per month to roughly $1,959 today. Household income in the area moved from $107,556 to $126,724 across the same window, up 17.8% versus 2021. Rent outpaced income growth by roughly 21.9 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 41,248 to 48,901 between 2021 and 2024, a 18.6% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 56% to 60.1%. Reading these numbers side by side helps frame whether current listings in ZIP 46074 in Westfield, IN look reasonable against where the market sat half a decade ago.

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About renting in ZIP 46074

Last updated: October 17, 2026

ZIP code 46074 covers Westfield, IN. The median rent here is $1,959/mo as of October 2026. A 1-bedroom rents for a median of $1,630/mo. A 2-bedroom rents for a median of $1,900/mo.

At 19% of local median household income ($126,724/yr), ZIP 46074 ranks as affordable compared to the national benchmark of 30%. Rents have increased 6.8% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 46074?

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 $1,959/mo in ZIP 46074. The local median household income is $126,724/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 46074?

Rent in ZIP 46074 has risen 6.8% over the past year as of September 2026. That is the highest level since Zillow's records here began in January 2021.

When is the cheapest time to rent in ZIP 46074?

Asking rents in ZIP 46074 are usually lowest in February, about 1.8% below their yearly trend, and highest in July, about 1.5% above it. At today's median that is a gap of roughly $65 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 46074 compare to other ZIPs in Indiana?

ZIP 46074 is one of the pricier among Indiana ZIP codes for rent, ranking #10 of 139 at $1,959/mo. Over the year to September 2026, rent in ZIP 46074 changed +6.8%, against a typical +3.9% across the 114 Indiana ZIP codes Zillow tracks.