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ZIP Code · IN

ZIP 46280

Part of Carmel, IN
Pop. 7,514·Hamilton County·12th most expensive ZIP in Indiana
Median rent (all units)
$1,963/mo
Year-over-Year
+17.4%
Month-over-Month
+3.3%
vs US Median
-$2
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 46280 · $1,963
More expensive than 58% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,550
1 BR
$1,750
2 BR
$2,040
3 BR
$2,640
4 BR+
$3,240
Research median
$2,040/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
$23,556/yr
At $1,963/mo median
Location
CityCarmel
StateIN
CountyHamilton County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 17.4% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+17.4% YoY, +3.3% MoM), not inventory.
Demographics

Who lives here

ZIP 46280 (Carmel, IN) is majority owner-occupied, has a median income above the national average, 61.9% of residents hold a bachelor's degree or higher.

Population
7,514
Median income
$91,152
Median age
42.9
Renters
38.2%
Age distribution
15%
25.2%
28.7%
19.4%
Under 1815%
18–3425.2%
35–5428.7%
55–6411.7%
65+19.4%
Gender
51.4%
48.6%
Male51.4%
Female48.6%
Race & ethnicity
83.9%
White83.9%
Black5.3%
Hispanic4.5%
Asian3.2%
Other3%
Education (25+)
14.1%
22.4%
61.9%
No HS diploma1.7%
HS diploma14.1%
Some college22.4%
Bachelor's+61.9%
Housing tenure
61.8%
38.2%
Owner61.8%
Renter38.2%

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

2021 vs 2026

How ZIP 46280 in Carmel, IN has changed in 5 years

Income
$74,583 → $91,152
up 22.2%
Population
7,273 → 7,514
up 3.3%
Renter share
36.8% → 38.2%
+1.4 pts
Bachelor's+
56.5% → 61.9%
+5.4 pts

Census figures show median household income at $91,152 today, compared with $74,583 five years earlier. The population has grown by 3.3% since 2021, moving from about 7,273 residents to roughly 7,514. College-educated residents now make up 61.9% of adults here, versus 56.5% in 2021.

Community

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Local insights

Tips for renters in ZIP 46280

About renting in ZIP 46280

Last updated: July 20, 2026

ZIP code 46280 covers Carmel, IN. The median rent here is $1,963/mo as of July 2026. A 1-bedroom rents for a median of $1,750/mo. A 2-bedroom rents for a median of $2,040/mo.

At 26% of local median household income ($91,152/yr), ZIP 46280 ranks as affordable compared to the national benchmark of 30%. Rents have increased 17.4% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 46280?

As of July 20, 2026, the median monthly rent in ZIP 46280 (Carmel, IN) is $1,963. This is based on aggregated data from public sources and community submissions.

How does ZIP 46280 rent compare to the US average?

ZIP 46280's median rent of $1,963/mo is $2 (0%) below the US national median of $1,965/mo.

How does ZIP 46280 compare to other ZIPs in Indiana?

ZIP 46280 is one of the pricier ZIP codes in Indiana, ranking #12 out of 144 ZIPs tracked at $1,963/mo.

How much income do you need to rent in ZIP 46280?

To keep rent at or below 30% of gross income, you would need to earn at least $79,000/year (~$38/hour full-time) to afford the median rent of $1,963/mo in ZIP 46280. The local median household income is $91,152/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 46280?

Rent in ZIP 46280 has increased 17.4% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 46280 an affordable place to rent?

ZIP 46280 is considered affordable for renters. At $1,963/mo, rent takes approximately 26% of the local median household income ($91,152/yr). The standard benchmark is 30%. ZIP 46280 falls comfortably within that range.

What percentage of ZIP 46280 residents rent vs. own?

According to Census data, approximately 38.2% of ZIP 46280 households are renters, while 61.8% are owner-occupied. ZIP 46280 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 46280 compare to the rest of Carmel?

ZIP 46280 is pricier than Carmel as a whole. At $1,963/mo, it's $109 above the Carmel citywide median of $1,854/mo.

When was rent data for ZIP 46280 last updated?

Rent data for ZIP 46280 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
26%
AFFORDABLE

At $1,963/mo, rent takes ~26% of ZIP 46280's median household income ($91,152/yr). The standard benchmark is 30%.

ZIP 46280 26%Benchmark 30%
State income tax3.05%
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Schools nearby

Public schools near ZIP 46280 (Carmel, IN)

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