ZIP Code · IN

ZIP 46176

Part of Shelbyville, IN

Pop. 28,782·Shelby County·114th most expensive ZIP in Indiana

Median rent (all units)

$1,083/mo

Year-over-Year

+3.7%

Month-over-Month

+0.4%

vs US Median

-$849

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 46176 · $1,083

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

$940

1 BR

$1,070

2 BR

$1,240

3 BR

$1,610

4 BR+

$1,970

Research median

$1,240/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

Past year vs. the rest of Indiana

Rent in ZIP 46176 changed +3.7% over the year to September 2026. Across the 114 Indiana ZIP codes Zillow tracks, the typical change was +3.9%.

Recent direction

Rent rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($65,182) is $1,630 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,610); a 4-bedroom is $1,970.

From Zillow's monthly rent index (ZORI) for ZIP 46176. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$12,996/yr

At $1,083/mo median

Location

CityShelbyville

StateIN

CountyShelby County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (3.7% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+3.7% YoY, +0.4% MoM), not inventory.

Demographics

Who lives here

ZIP 46176 (Shelbyville, IN) is majority owner-occupied, has a median income below the national average, 21.3% of residents hold a bachelor's degree or higher.

Population

28,782

Median income

$65,182

Median age

39.8

Renters

35.6%

Age distribution

22.6%

20.8%

24.2%

13.9%

18.4%

Under 1822.6%

18–3420.8%

35–5424.2%

55–6413.9%

65+18.4%

Gender

48.7%

51.3%

Male48.7%

Female51.3%

Race & ethnicity

89%

White89%

Black1.8%

Hispanic7.6%

Asian1.3%

Education (25+)

40.9%

27.9%

21.3%

No HS diploma9.9%

HS diploma40.9%

Some college27.9%

Bachelor's+21.3%

Housing tenure

64.4%

35.6%

Owner64.4%

Renter35.6%

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

2021 vs 2026

How ZIP 46176 in Shelbyville, IN has changed in 5 years

Income

$60,379 → $65,182

up 8.0%

Population

28,455 → 28,782

up 1.1%

Renter share

33.8% → 35.6%

+1.8 pts

Bachelor's+

17.9% → 21.3%

+3.4 pts

Median age

38.6 → 39.8

+1.2 yrs

On the earnings side, the typical household in ZIP 46176 in Shelbyville, IN now reports about $65,182, up from $60,379 in 2021. Headcount in the area went from 28,455 to 28,782 between 2021 and 2024, a 1.1% change. About 35.6% of households rent today, against 33.8% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 17.9% to 21.3%.

Community

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Local insights

Tips for renters in ZIP 46176

About renting in ZIP 46176

Last updated: October 17, 2026

ZIP code 46176 covers Shelbyville, IN. The median rent here is $1,083/mo as of October 2026. A 1-bedroom rents for a median of $1,070/mo. A 2-bedroom rents for a median of $1,240/mo.

At 20% of local median household income ($65,182/yr), ZIP 46176 ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.7% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 46176?

To keep rent at or below 30% of gross income, you would need to earn at least $43,000/year (about $21/hour full-time) to afford the median rent of $1,083/mo in ZIP 46176. The local median household income is $65,182/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 46176?

Rent in ZIP 46176 has risen 3.7% over the past year.

How does ZIP 46176 compare to other ZIPs in Indiana?

ZIP 46176 is one of the more affordable among Indiana ZIP codes for rent, ranking #114 of 139 at $1,083/mo. Over the year to September 2026, rent in ZIP 46176 changed +3.7%, against a typical +3.9% across the 114 Indiana ZIP codes Zillow tracks.