ZIP Code · IN

ZIP 46135

Part of Greencastle, IN

Pop. 19,632·Putnam County·121st most expensive ZIP in Indiana

Median rent (all units)

$1,050/mo

Year-over-Year

Stable

Month-over-Month

-8.2%

vs US Median

-$882

Reported rents

Falling (Monthly)

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Most AffordableMost Expensive

ZIP 46135 · $1,050

More affordable than 96% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$730

1 BR

$840

2 BR

$1,020

3 BR

$1,380

4 BR+

$1,620

Research median

$1,020/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: June 22, 2026

From the history

What the numbers show

What a typical income covers

30% of the median household income ($73,677) is $1,842 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,620).

From Zillow's monthly rent index (ZORI) for ZIP 46135. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$12,600/yr

At $1,050/mo median

Location

CityGreencastle

StateIN

CountyPutnam County

Rent Market Meter

Strong Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are down 0.0% year-over-year. Push hard on price, concessions, and lease terms.

Based on rent-price momentum (+0.0% YoY, -8.2% MoM), not inventory.

Demographics

Who lives here

ZIP 46135 (Greencastle, IN) is majority owner-occupied, skews toward younger working-age adults, 21.8% of residents hold a bachelor's degree or higher.

Population

19,632

Median income

$73,677

Median age

36.4

Renters

35.2%

Age distribution

17.8%

30.1%

25%

17.9%

Under 1817.8%

18–3430.1%

35–5425%

55–649.2%

65+17.9%

Gender

56.1%

43.9%

Male56.1%

Female43.9%

Race & ethnicity

86.4%

White86.4%

Black5.6%

Hispanic2.8%

Asian2.3%

Other2.9%

Education (25+)

39.7%

31.3%

21.8%

No HS diploma7.2%

HS diploma39.7%

Some college31.3%

Bachelor's+21.8%

Housing tenure

64.8%

35.2%

Owner64.8%

Renter35.2%

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

2021 vs 2026

How ZIP 46135 in Greencastle, IN has changed in 5 years

Income

$58,587 → $73,677

up 25.8%

Population

19,580 → 19,632

up 0.3%

Renter share

35.2% → 35.2%

+0.0 pts

Bachelor's+

18.5% → 21.8%

+3.3 pts

Median age

35.6 → 36.4

+0.8 yrs

Local incomes tracked alongside that move, going from a median of $58,587 in 2021 to $73,677 more recently. College-educated residents now make up 21.8% of adults here, versus 18.5% in 2021.

Community

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Local insights

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About renting in ZIP 46135

Last updated: June 22, 2026

ZIP code 46135 covers Greencastle, IN. The median rent here is $1,050/mo as of June 2026. A 1-bedroom rents for a median of $840/mo. A 2-bedroom rents for a median of $1,020/mo.

At 17% of local median household income ($73,677/yr), ZIP 46135 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 46135?

To keep rent at or below 30% of gross income, you would need to earn at least $42,000/year (about $20/hour full-time) to afford the median rent of $1,050/mo in ZIP 46135. The local median household income is $73,677/yr, so the typical household meets that bar.