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ZIP Code · IN

ZIP 46323

Part of Hammond, IN
Pop. 23,047·Lake County·54th most expensive ZIP in Indiana
Median rent (all units)
$1,512/mo
Year-over-Year
+9.4%
Month-over-Month
+3.7%
vs US Median
-$453
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 46323 · $1,512
More affordable than 73% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,030
1 BR
$1,170
2 BR
$1,420
3 BR
$1,740
4 BR+
$1,880
Research median
$1,420/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
$18,144/yr
At $1,512/mo median
Location
StateIN
CountyLake County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 9.4% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+9.4% YoY, +3.7% MoM), not inventory.
Demographics

Who lives here

ZIP 46323 (Hammond, IN) is majority owner-occupied, has a median income below the national average, 18.9% of residents hold a bachelor's degree or higher.

Population
23,047
Median income
$59,688
Median age
35.4
Renters
32.5%
Age distribution
22.4%
26.7%
24.7%
12.6%
13.7%
Under 1822.4%
18–3426.7%
35–5424.7%
55–6412.6%
65+13.7%
Gender
48.1%
51.9%
Male48.1%
Female51.9%
Race & ethnicity
41.3%
20.2%
36.8%
White41.3%
Black20.2%
Hispanic36.8%
Asian2.5%
Education (25+)
15.9%
36.4%
28.8%
18.9%
No HS diploma15.9%
HS diploma36.4%
Some college28.8%
Bachelor's+18.9%
Housing tenure
67.5%
32.5%
Owner67.5%
Renter32.5%

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

2021 vs 2026

How ZIP 46323 in Hammond, IN has changed in 5 years

Income
$53,007 → $59,688
up 12.6%
Population
23,690 → 23,047
down 2.7%
Renter share
34.4% → 32.5%
-1.9 pts
Bachelor's+
12.5% → 18.9%
+6.4 pts
Median age
36.1 → 35.4
-0.7 yrs

Household income in the area moved from $53,007 to $59,688 across the same window, up 12.6% versus 2021. The population has contracted by 2.7% since 2021, moving from about 23,690 residents to roughly 23,047. Renters now make up 32.5% of households, compared with 34.4% five years ago. College-educated residents now make up 18.9% of adults here, versus 12.5% in 2021.

Community

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Local insights

Tips for renters in ZIP 46323

About renting in ZIP 46323

Last updated: July 20, 2026

ZIP code 46323 covers Hammond, IN. The median rent here is $1,512/mo as of July 2026. A 1-bedroom rents for a median of $1,170/mo. A 2-bedroom rents for a median of $1,420/mo.

At 30% of local median household income ($59,688/yr), ZIP 46323 ranks as moderate compared to the national benchmark of 30%. Rents have increased 9.4% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 46323?

As of July 20, 2026, the median monthly rent in ZIP 46323 (Hammond, IN) is $1,512. This is based on aggregated data from public sources and community submissions.

How does ZIP 46323 rent compare to the US average?

ZIP 46323's median rent of $1,512/mo is $453 (23%) below the US national median of $1,965/mo.

How does ZIP 46323 compare to other ZIPs in Indiana?

ZIP 46323 falls in the middle range for Indiana, ranking #54 out of 144 ZIPs at $1,512/mo.

How much income do you need to rent in ZIP 46323?

To keep rent at or below 30% of gross income, you would need to earn at least $60,000/year (~$29/hour full-time) to afford the median rent of $1,512/mo in ZIP 46323. The local median household income is $59,688/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 46323?

Rent in ZIP 46323 has increased 9.4% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 46323 an affordable place to rent?

ZIP 46323 is considered moderate for renters. At $1,512/mo, rent takes approximately 30% of the local median household income ($59,688/yr). The standard benchmark is 30%. ZIP 46323 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 46323 residents rent vs. own?

According to Census data, approximately 32.5% of ZIP 46323 households are renters, while 67.5% are owner-occupied. ZIP 46323 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 46323 compare to the rest of Hammond?

ZIP 46323 is pricier than Hammond as a whole. At $1,512/mo, it's $33 above the Hammond citywide median of $1,479/mo.

When was rent data for ZIP 46323 last updated?

Rent data for ZIP 46323 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
30%
MODERATE

At $1,512/mo, rent takes ~30% of ZIP 46323's median household income ($59,688/yr). The standard benchmark is 30%.

ZIP 46323 30%Benchmark 30%
State income tax3.05%
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Schools nearby

Public schools near ZIP 46323 (Hammond, IN)

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