ZIP Code · IN

ZIP 46304

Part of Chesterton, IN

Pop. 28,307·Porter County·30th most expensive ZIP in Indiana

Median rent (all units)

$1,691/mo

Year-over-Year

Stable

Month-over-Month

+0.8%

vs US Median

-$241

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 46304 · $1,691

More affordable than 59% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,030

1 BR

$1,160

2 BR

$1,410

3 BR

$1,730

4 BR+

$1,870

Research median

$1,410/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

What a typical income covers

30% of the median household income ($91,326) is $2,283 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,870).

Cheaper nearby

ZIP 46368, 7 miles away, rents for 14% less ($1,449/mo), about $2,900 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 46304. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$20,292/yr

At $1,691/mo median

Location

CityChesterton

StateIN

CountyPorter County

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (+0.0% YoY, +0.8% MoM), not inventory.

Demographics

Who lives here

ZIP 46304 (Chesterton, IN) is majority owner-occupied, has a median income above the national average, 36.3% of residents hold a bachelor's degree or higher.

Population

28,307

Median income

$91,326

Median age

40.5

Renters

20.6%

Age distribution

23.4%

17%

28.5%

19.2%

Under 1823.4%

18–3417%

35–5428.5%

55–6411.9%

65+19.2%

Gender

50%

Male50%

Female50%

Race & ethnicity

87.2%

White87.2%

Black2.1%

Hispanic7.9%

Asian2.1%

Other0.7%

Education (25+)

30.5%

29.8%

36.3%

No HS diploma3.4%

HS diploma30.5%

Some college29.8%

Bachelor's+36.3%

Housing tenure

79.4%

20.6%

Owner79.4%

Renter20.6%

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

2021 vs 2026

How ZIP 46304 in Chesterton, IN has changed in 5 years

Income

$84,567 → $91,326

up 8.0%

Population

26,476 → 28,307

up 6.9%

Renter share

23.9% → 20.6%

-3.3 pts

Bachelor's+

35.5% → 36.3%

+0.8 pts

Median age

39.2 → 40.5

+1.3 yrs

Census figures show median household income at $91,326 today, compared with $84,567 five years earlier. Headcount in the area went from 26,476 to 28,307 between 2021 and 2024, a 6.9% change. About 20.6% of households rent today, against 23.9% in 2021.

Community

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Local insights

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About renting in ZIP 46304

Last updated: October 17, 2026

ZIP code 46304 covers Chesterton, IN. The median rent here is $1,691/mo as of October 2026. A 1-bedroom rents for a median of $1,160/mo. A 2-bedroom rents for a median of $1,410/mo.

At 22% of local median household income ($91,326/yr), ZIP 46304 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 46304?

To keep rent at or below 30% of gross income, you would need to earn at least $68,000/year (about $33/hour full-time) to afford the median rent of $1,691/mo in ZIP 46304. The local median household income is $91,326/yr, so the typical household meets that bar.