ZIP Code · IN

ZIP 46143

Pop. 61,803·Johnson County·39th most expensive ZIP in Indiana
Median rent (all units)
$1,601/mo
Year-over-Year
+3.4%
Month-over-Month
+0.7%
vs US Median
-$331
Reported rents
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 46143 · $1,601
More affordable than 65% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$1,340
1 BR
$1,520
2 BR
$1,770
3 BR
$2,290
4 BR+
$2,810
Research median
$1,770/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

January. Asking rents in ZIP 46143 usually run 1.5% below trend in January and 1.5% above it in July, about $48 a month apart at today's median. Based on 11 years of data.

Compared with the peak

Rent in ZIP 46143 is at its highest level since Zillow's records here began in February 2015.

Past year vs. the rest of Indiana

Rent in ZIP 46143 changed +3.4% over the year to September 2026. Across the 114 Indiana ZIP codes Zillow tracks, the typical change was +3.9%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 46143 rose 36.3% while median household income rose 23.8% ($73,894 to $91,496). Rent outpaced income.

Since before the pandemic

Rent in ZIP 46143 is 39.2% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 4 months in a row, and rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($91,496) is $2,287 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,770); a 3-bedroom is $2,290.

Cheaper nearby

ZIP 46142, 4 miles away, rents for 10% less ($1,435/mo), about $2,000 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 46143. 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
$19,212/yr
At $1,601/mo median
Location
StateIN
CountyJohnson County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (3.4% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+3.4% YoY, +0.7% MoM), not inventory.
Demographics

Who lives here

ZIP 46143 (Greenwood, IN) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 38.7% of residents hold a bachelor's degree or higher.

Population
61,803
Median income
$91,496
Median age
36.6
Renters
31.8%
Age distribution
25.8%
21.3%
28.1%
14.1%
Under 1825.8%
18–3421.3%
35–5428.1%
55–6410.8%
65+14.1%
Gender
49.8%
50.2%
Male49.8%
Female50.2%
Race & ethnicity
77.1%
White77.1%
Black5.1%
Hispanic6.6%
Asian8.7%
Other2.4%
Education (25+)
24.4%
28%
38.7%
No HS diploma8.8%
HS diploma24.4%
Some college28%
Bachelor's+38.7%
Housing tenure
68.2%
31.8%
Owner68.2%
Renter31.8%

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

2021 vs 2026

How ZIP 46143 in Greenwood, IN has changed in 5 years

Rent
$1,253 → $1,601
up 27.8%
Income
$79,931 → $91,496
up 14.5%
Population
57,265 → 61,803
up 7.9%
Renter share
28.5% → 31.8%
+3.3 pts
Bachelor's+
36.7% → 38.7%
+2.0 pts

Rent in ZIP 46143 in Greenwood, IN has climbed 27.8% since 2021, going from about $1,253 per month to roughly $1,601 today. Median household income grew from $79,931 to $91,496 between 2021 and 2024, a 14.5% shift. Rent outpaced income growth by roughly 13.3 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 57,265 to 61,803 between 2021 and 2024, a 7.9% change. About 31.8% of households rent today, against 28.5% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 36.7% to 38.7%. Taken together, the five-year picture in ZIP 46143 in Greenwood, IN reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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About renting in ZIP 46143

Last updated: October 17, 2026

ZIP code 46143 covers Greenwood, IN. The median rent here is $1,601/mo as of October 2026. A 1-bedroom rents for a median of $1,520/mo. A 2-bedroom rents for a median of $1,770/mo.

At 21% of local median household income ($91,496/yr), ZIP 46143 ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.4% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 46143?

To keep rent at or below 30% of gross income, you would need to earn at least $64,000/year (about $31/hour full-time) to afford the median rent of $1,601/mo in ZIP 46143. The local median household income is $91,496/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 46143?

Rent in ZIP 46143 has risen 3.4% over the past year as of September 2026. That is the highest level since Zillow's records here began in February 2015.

When is the cheapest time to rent in ZIP 46143?

Asking rents in ZIP 46143 are usually lowest in January, about 1.5% below their yearly trend, and highest in July, about 1.5% above it. At today's median that is a gap of roughly $48 a month. This pattern comes from 11 years of Zillow rent data.

Has rent outpaced income in ZIP 46143?

Yes. From 2019 to 2024, rent in ZIP 46143 rose 36.3% while median household income rose 23.8%, from $73,894 to $91,496. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 46143 compare to other ZIPs in Indiana?

ZIP 46143 is one of the pricier among Indiana ZIP codes for rent, ranking #39 of 139 at $1,601/mo. Over the year to September 2026, rent in ZIP 46143 changed +3.4%, against a typical +3.9% across the 114 Indiana ZIP codes Zillow tracks.

How does ZIP 46143 compare to the rest of Greenwood?

At $1,601/mo, ZIP 46143 is $47 above the Greenwood citywide median of $1,554/mo.
Income Affordability
21%
VERY AFFORDABLE

At $1,601/mo, rent takes ~21% of ZIP 46143's median household income ($91,496/yr). The standard benchmark is 30%.

ZIP 46143 21%Benchmark 30%
State income tax3.05%
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Schools nearby

Public schools near ZIP 46143 (Greenwood, IN)

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