ZIP 46123
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12-month history
Last updated: October 17, 2026
What the numbers show
December. Asking rents in ZIP 46123 usually run 1.5% below trend in December and 1.1% above it in July, about $50 a month apart at today's median. Based on 7 years of data.
Rent in ZIP 46123 is at its highest level since Zillow's records here began in December 2018.
Rent in ZIP 46123 changed +2.4% over the year to September 2026. Across the 114 Indiana ZIP codes Zillow tracks, the typical change was +3.9%.
From 2019 to 2024, rent in ZIP 46123 rose 38.3% while median household income rose 11.3% ($92,972 to $103,485). Rent outpaced income.
Rent in ZIP 46123 is 44.9% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 3 months in a row, and rose in 8 of the last 12 months.
30% of the median household income ($103,485) is $2,587 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,400); a 4-bedroom is $2,940.
ZIP 46168, 5 miles away, rents for 11% less ($1,703/mo), about $2,600 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 46123. 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.
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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 46123 in Avon, IN has changed in 5 years
Across the past five years, the going rent in ZIP 46123 in Avon, IN has shifted from $1,438 to $1,916, up 33.2% 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.
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Tips for renters in ZIP 46123
Last updated: October 17, 2026
ZIP code 46123 covers Avon, IN. The median rent here is $1,916/mo as of October 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 2.4% over the past year.
Frequently asked questions
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How does ZIP 46123 compare to other ZIPs in Indiana?
How does ZIP 46123 compare to the rest of Avon?
At $1,916/mo, rent takes ~22% of ZIP 46123's median household income ($103,485/yr). The standard benchmark is 30%.
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