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ZIP Code · IN

ZIP 46320

Part of Hammond, IN
Pop. 14,353·Lake County·71st most expensive ZIP in Indiana
Median rent (all units)
$1,389/mo
Year-over-Year
+27.2%
Month-over-Month
+1.5%
vs US Median
-$576
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 46320 · $1,389
More affordable than 81% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$820
1 BR
$930
2 BR
$1,130
3 BR
$1,380
4 BR+
$1,500
Research median
$1,130/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
$16,668/yr
At $1,389/mo median
Location
StateIN
CountyLake County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 27.2% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+27.2% YoY, +1.5% MoM), not inventory.
Demographics

Who lives here

ZIP 46320 (Hammond, IN) is majority renter-occupied, has a large share of families with children, has a median income below the national average, 13.2% of residents hold a bachelor's degree or higher.

Population
14,353
Median income
$37,158
Median age
32.6
Renters
58.8%
Age distribution
28.3%
25%
20.5%
13.3%
13%
Under 1828.3%
18–3425%
35–5420.5%
55–6413.3%
65+13%
Gender
48.7%
51.3%
Male48.7%
Female51.3%
Race & ethnicity
17.1%
48.6%
36%
White17.1%
Black48.6%
Hispanic36%
Asian1.2%
Education (25+)
18.5%
40.4%
27.8%
13.2%
No HS diploma18.5%
HS diploma40.4%
Some college27.8%
Bachelor's+13.2%
Housing tenure
41.2%
58.8%
Owner41.2%
Renter58.8%

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

2021 vs 2026

How ZIP 46320 in Hammond, IN has changed in 5 years

Income
$30,846 → $37,158
up 20.5%
Population
13,653 → 14,353
up 5.1%
Renter share
60.3% → 58.8%
-1.5 pts
Bachelor's+
10.4% → 13.2%
+2.8 pts
Median age
34.1 → 32.6
-1.5 yrs

Median household income grew from $30,846 to $37,158 between 2021 and 2024, a 20.5% shift. Headcount in the area went from 13,653 to 14,353 between 2021 and 2024, a 5.1% change. About 58.8% of households rent today, against 60.3% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 10.4% to 13.2%.

Community

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Local insights

Tips for renters in ZIP 46320

About renting in ZIP 46320

Last updated: July 20, 2026

ZIP code 46320 covers Hammond, IN. The median rent here is $1,389/mo as of July 2026. A 1-bedroom rents for a median of $930/mo. A 2-bedroom rents for a median of $1,130/mo.

At 45% of local median household income ($37,158/yr), ZIP 46320 ranks as moderate compared to the national benchmark of 30%. Rents have increased 27.2% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 46320?

As of July 20, 2026, the median monthly rent in ZIP 46320 (Hammond, IN) is $1,389. This is based on aggregated data from public sources and community submissions.

How does ZIP 46320 rent compare to the US average?

ZIP 46320's median rent of $1,389/mo is $576 (29%) below the US national median of $1,965/mo.

How does ZIP 46320 compare to other ZIPs in Indiana?

ZIP 46320 falls in the middle range for Indiana, ranking #71 out of 144 ZIPs at $1,389/mo.

How much income do you need to rent in ZIP 46320?

To keep rent at or below 30% of gross income, you would need to earn at least $56,000/year (~$27/hour full-time) to afford the median rent of $1,389/mo in ZIP 46320. The local median household income is $37,158/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 46320?

Rent in ZIP 46320 has increased 27.2% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 46320 an affordable place to rent?

ZIP 46320 is considered stretched for renters. At $1,389/mo, rent takes approximately 45% of the local median household income ($37,158/yr). The standard benchmark is 30%. ZIP 46320 significantly exceeds that threshold, making it challenging for many renters.

What percentage of ZIP 46320 residents rent vs. own?

According to Census data, approximately 58.8% of ZIP 46320 households are renters, while 41.2% are owner-occupied. With a majority renter population, ZIP 46320 has a strong rental market.

How does ZIP 46320 compare to the rest of Hammond?

ZIP 46320 is more affordable than Hammond overall. At $1,389/mo, it's $90 below the Hammond citywide median of $1,479/mo.

When was rent data for ZIP 46320 last updated?

Rent data for ZIP 46320 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
45%
STRETCHED

At $1,389/mo, rent takes ~45% of ZIP 46320's median household income ($37,158/yr). The standard benchmark is 30%.

ZIP 46320 45%Benchmark 30%
State income tax3.05%
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Schools nearby

Public schools near ZIP 46320 (Hammond, IN)

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