ZIP Code · IN

ZIP 46324

Part of Hammond, IN

Pop. 21,409·Lake County·33rd most expensive ZIP in Indiana

Median rent (all units)

$1,668/mo

Year-over-Year

+2.2%

Month-over-Month

-0.2%

vs US Median

-$264

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 46324 · $1,668

More affordable than 60% 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

$980

1 BR

$1,110

2 BR

$1,350

3 BR

$1,650

4 BR+

$1,790

Research median

$1,350/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

Compared with the peak

Rent in ZIP 46324 is 0.2% below its high of $1,672 in August 2026, at $1,668 as of September 2026.

Past year vs. the rest of Indiana

Rent in ZIP 46324 changed +2.2% over the year to September 2026. Across the 114 Indiana ZIP codes Zillow tracks, the typical change was +3.9%.

Recent direction

Rent rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($63,052) is $1,576 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,350); a 3-bedroom is $1,650.

Rank in Hammond

3rd cheapest of 3 ZIP codes in Hammond.

Cheaper nearby

ZIP 46312, 5 miles away, rents for 38% less ($1,040/mo), about $7,500 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 46324. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$20,016/yr

At $1,668/mo median

Location

CityHammond

StateIN

CountyLake 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 (+2.2% YoY, -0.2% MoM), not inventory.

Demographics

Who lives here

ZIP 46324 (Hammond, IN) is majority owner-occupied, has a median income below the national average, 16.5% of residents hold a bachelor's degree or higher.

Population

21,409

Median income

$63,052

Median age

37.8

Renters

32%

Age distribution

22.1%

23.9%

27.6%

13.6%

12.8%

Under 1822.1%

18–3423.9%

35–5427.6%

55–6413.6%

65+12.8%

Gender

47.6%

52.4%

Male47.6%

Female52.4%

Race & ethnicity

40.5%

21%

38.1%

White40.5%

Black21%

Hispanic38.1%

Asian1.4%

Education (25+)

14.9%

36.8%

31.8%

16.5%

No HS diploma14.9%

HS diploma36.8%

Some college31.8%

Bachelor's+16.5%

Housing tenure

68%

32%

Owner68%

Renter32%

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

2021 vs 2026

How ZIP 46324 in Hammond, IN has changed in 5 years

Income

$51,730 → $63,052

up 21.9%

Population

21,894 → 21,409

down 2.2%

Renter share

31.4% → 32%

+0.6 pts

Bachelor's+

15.9% → 16.5%

+0.6 pts

Local incomes tracked alongside that move, going from a median of $51,730 in 2021 to $63,052 more recently. The population has contracted by 2.2% since 2021, moving from about 21,894 residents to roughly 21,409.

Community

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Local insights

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About renting in ZIP 46324

Last updated: October 17, 2026

ZIP code 46324 covers Hammond, IN. The median rent here is $1,668/mo as of October 2026. A 1-bedroom rents for a median of $1,110/mo. A 2-bedroom rents for a median of $1,350/mo.

At 32% of local median household income ($63,052/yr), ZIP 46324 ranks as moderate compared to the national benchmark of 30%. Rents have increased 2.2% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 46324?

To keep rent at or below 30% of gross income, you would need to earn at least $67,000/year (about $32/hour full-time) to afford the median rent of $1,668/mo in ZIP 46324. The local median household income is $63,052/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 46324?

Rent in ZIP 46324 has risen 2.2% over the past year as of September 2026. It sits 0.2% below its high of $1,672 in August 2026.

How does ZIP 46324 compare to other ZIPs in Indiana?

ZIP 46324 is one of the pricier among Indiana ZIP codes for rent, ranking #33 of 139 at $1,668/mo. Over the year to September 2026, rent in ZIP 46324 changed +2.2%, against a typical +3.9% across the 114 Indiana ZIP codes Zillow tracks.