RentDataNowRentDataNow
ZIP Code · IN

ZIP 46123

Part of Avon, IN
Pop. 43,353·Hendricks County·18th most expensive ZIP in Indiana
Median rent (all units)
$1,857/mo
Year-over-Year
+5.0%
Month-over-Month
+0.4%
vs US Median
-$108
Stable (Monthly)
Be the first to discuss 46123 rents ↓
Most AffordableMost Expensive
ZIP 46123 · $1,857
More expensive than 52% of US ZIP codes · National median $1,965/mo
Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio
$1,400
1 BR
$1,590
2 BR
$1,850
3 BR
$2,400
4 BR+
$2,940
Research median
$1,850/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost
$22,284/yr
At $1,857/mo median
Location
CityAvon
StateIN
CountyHendricks County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (5.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+5.0% YoY, +0.4% MoM), not inventory.
Demographics

Who lives here

ZIP 46123 (Avon, IN) is majority owner-occupied, has a median income above the national average, 40.3% of residents hold a bachelor's degree or higher.

Population
43,353
Median income
$103,485
Median age
39.1
Renters
19.6%
Age distribution
23.6%
19.2%
29.9%
12.3%
14.9%
Under 1823.6%
18–3419.2%
35–5429.9%
55–6412.3%
65+14.9%
Gender
49.1%
50.9%
Male49.1%
Female50.9%
Race & ethnicity
73.6%
White73.6%
Black11.3%
Hispanic7.1%
Asian4.5%
Other3.5%
Education (25+)
24.4%
30%
40.3%
No HS diploma5.4%
HS diploma24.4%
Some college30%
Bachelor's+40.3%
Housing tenure
80.4%
19.6%
Owner80.4%
Renter19.6%

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

2021 vs 2026

How ZIP 46123 in Avon, IN has changed in 5 years

Rent
$1,375 → $1,857
up 35.1%
Income
$90,628 → $103,485
up 14.2%
Population
41,124 → 43,353
up 5.4%
Renter share
21.8% → 19.6%
-2.2 pts
Bachelor's+
42.1% → 40.3%
-1.8 pts
Median age
37.5 → 39.1
+1.6 yrs

Across the past five years, the going rent in ZIP 46123 in Avon, IN has shifted from $1,375 to $1,857, up 35.1% since 2021. Census figures show median household income at $103,485 today, compared with $90,628 five years earlier. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 46123 in Avon, IN adding about 2,229 residents over the five-year window, up 5.4% on net. The renter share has eased from 21.8% to 19.6%, with owner-occupied housing accounting for the remainder. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

Community

Discussions about ZIP 46123

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 46123

About renting in ZIP 46123

Last updated: July 20, 2026

ZIP code 46123 covers Avon, IN. The median rent here is $1,857/mo as of July 2026. A 1-bedroom rents for a median of $1,590/mo. A 2-bedroom rents for a median of $1,850/mo.

At 22% of local median household income ($103,485/yr), ZIP 46123 ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.0% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 46123?

As of July 20, 2026, the median monthly rent in ZIP 46123 (Avon, IN) is $1,857. This is based on aggregated data from public sources and community submissions.

How does ZIP 46123 rent compare to the US average?

ZIP 46123's median rent of $1,857/mo is $108 (5%) below the US national median of $1,965/mo.

How does ZIP 46123 compare to other ZIPs in Indiana?

ZIP 46123 is one of the pricier ZIP codes in Indiana, ranking #18 out of 144 ZIPs tracked at $1,857/mo.

How much income do you need to rent in ZIP 46123?

To keep rent at or below 30% of gross income, you would need to earn at least $74,000/year (~$36/hour full-time) to afford the median rent of $1,857/mo in ZIP 46123. The local median household income is $103,485/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 46123?

Rent in ZIP 46123 has increased 5.0% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 46123 an affordable place to rent?

ZIP 46123 is considered very affordable for renters. At $1,857/mo, rent takes approximately 22% of the local median household income ($103,485/yr). The standard benchmark is 30%. ZIP 46123 falls comfortably within that range.

What percentage of ZIP 46123 residents rent vs. own?

According to Census data, approximately 19.6% of ZIP 46123 households are renters, while 80.4% are owner-occupied. ZIP 46123 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 46123 compare to the rest of Avon?

ZIP 46123 is pricier than Avon as a whole. At $1,857/mo, it's $20 above the Avon citywide median of $1,837/mo.

When was rent data for ZIP 46123 last updated?

Rent data for ZIP 46123 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
22%
VERY AFFORDABLE

At $1,857/mo, rent takes ~22% of ZIP 46123's median household income ($103,485/yr). The standard benchmark is 30%.

ZIP 46123 22%Benchmark 30%
State income tax3.05%
Compare

How does this area stack up?

Pick another city or ZIP to compare.

Schools nearby

Public schools near ZIP 46123 (Avon, IN)

Recent submissions

Be the first to submit your rent for this ZIP.

Recent discussions

No discussions yet.