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ZIP Code · IN

ZIP 46224

Part of Speedway, IN
Pop. 40,228·Marion County·113th most expensive ZIP in Indiana
Median rent (all units)
$1,075/mo
Year-over-Year
-7.6%
Month-over-Month
-2.2%
vs US Median
-$890
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 46224 · $1,075
More affordable than 96% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,040
1 BR
$1,180
2 BR
$1,370
3 BR
$1,770
4 BR+
$2,170
Research median
$1,370/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: July 20, 2026

Annual cost
$12,900/yr
At $1,075/mo median
Location
StateIN
CountyMarion County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 7.6% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-7.6% YoY, -2.2% MoM), not inventory.
Demographics

Who lives here

ZIP 46224 (Speedway, IN) is majority renter-occupied, has a large share of families with children, has a median income below the national average, 23.9% of residents hold a bachelor's degree or higher.

Population
40,228
Median income
$55,986
Median age
32.1
Renters
63.7%
Age distribution
28.9%
26.1%
26.8%
Under 1828.9%
18–3426.1%
35–5426.8%
55–649.6%
65+8.6%
Gender
47.8%
52.2%
Male47.8%
Female52.2%
Race & ethnicity
32.7%
44.1%
20.2%
White32.7%
Black44.1%
Hispanic20.2%
Asian1.8%
Other1.2%
Education (25+)
15.4%
35.2%
25.5%
23.9%
No HS diploma15.4%
HS diploma35.2%
Some college25.5%
Bachelor's+23.9%
Housing tenure
36.3%
63.7%
Owner36.3%
Renter63.7%

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

2021 vs 2026

How ZIP 46224 in Speedway, IN has changed in 5 years

Rent
$896 → $1,075
up 20.0%
Income
$45,668 → $55,986
up 22.6%
Population
39,490 → 40,228
up 1.9%
Renter share
61.8% → 63.7%
+1.9 pts
Bachelor's+
22.8% → 23.9%
+1.1 pts

Rent in ZIP 46224 in Speedway, IN has increased 20.0% since 2021, going from about $896 per month to roughly $1,075 today. On the earnings side, the typical household in ZIP 46224 in Speedway, IN now reports about $55,986, up from $45,668 in 2021. Headcount in the area went from 39,490 to 40,228 between 2021 and 2024, a 1.9% change. About 63.7% of households rent today, against 61.8% in 2021. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 46224 in Speedway, IN reflects that arc in its own way.

Community

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Local insights

Tips for renters in ZIP 46224

About renting in ZIP 46224

Last updated: July 20, 2026

ZIP code 46224 covers Speedway, IN. The median rent here is $1,075/mo as of July 2026. A 1-bedroom rents for a median of $1,180/mo. A 2-bedroom rents for a median of $1,370/mo.

At 23% of local median household income ($55,986/yr), ZIP 46224 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 7.6% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 46224?

As of July 20, 2026, the median monthly rent in ZIP 46224 (Speedway, IN) is $1,075. This is based on aggregated data from public sources and community submissions.

How does ZIP 46224 rent compare to the US average?

ZIP 46224's median rent of $1,075/mo is $890 (45%) below the US national median of $1,965/mo.

How does ZIP 46224 compare to other ZIPs in Indiana?

ZIP 46224 is among the more affordable ZIP codes in Indiana, ranking #113 out of 144 ZIPs at $1,075/mo.

How much income do you need to rent in ZIP 46224?

To keep rent at or below 30% of gross income, you would need to earn at least $43,000/year (~$21/hour full-time) to afford the median rent of $1,075/mo in ZIP 46224. The local median household income is $55,986/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 46224?

Rent in ZIP 46224 has decreased 7.6% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 46224 an affordable place to rent?

ZIP 46224 is considered very affordable for renters. At $1,075/mo, rent takes approximately 23% of the local median household income ($55,986/yr). The standard benchmark is 30%. ZIP 46224 falls comfortably within that range.

What percentage of ZIP 46224 residents rent vs. own?

According to Census data, approximately 63.7% of ZIP 46224 households are renters, while 36.3% are owner-occupied. With a majority renter population, ZIP 46224 has a strong rental market.

How does ZIP 46224 compare to the rest of Speedway?

ZIP 46224 is more affordable than Speedway overall. At $1,075/mo, it's $570 below the Speedway citywide median of $1,645/mo.

When was rent data for ZIP 46224 last updated?

Rent data for ZIP 46224 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
23%
VERY AFFORDABLE

At $1,075/mo, rent takes ~23% of ZIP 46224's median household income ($55,986/yr). The standard benchmark is 30%.

ZIP 46224 23%Benchmark 30%
State income tax3.05%
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