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ZIP Code · IN

ZIP 46342

Part of Hobart, IN
Pop. 32,224·Lake County·73rd most expensive ZIP in Indiana
Median rent (all units)
$1,358/mo
Year-over-Year
+8.4%
Month-over-Month
+3.4%
vs US Median
-$607
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 46342 · $1,358
More affordable than 83% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$980
1 BR
$1,100
2 BR
$1,340
3 BR
$1,640
4 BR+
$1,770
Research median
$1,340/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
$16,296/yr
At $1,358/mo median
Location
CityHobart
StateIN
CountyLake County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 8.4% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+8.4% YoY, +3.4% MoM), not inventory.
Demographics

Who lives here

ZIP 46342 (Hobart, IN) is majority owner-occupied, 20.5% of residents hold a bachelor's degree or higher.

Population
32,224
Median income
$75,521
Median age
39.4
Renters
25.9%
Age distribution
20.8%
23.7%
25.9%
13.9%
15.8%
Under 1820.8%
18–3423.7%
35–5425.9%
55–6413.9%
65+15.8%
Gender
49.5%
50.5%
Male49.5%
Female50.5%
Race & ethnicity
70.8%
19.8%
White70.8%
Black10.4%
Hispanic19.8%
Asian1.4%
Education (25+)
42.3%
30.5%
20.5%
No HS diploma6.7%
HS diploma42.3%
Some college30.5%
Bachelor's+20.5%
Housing tenure
74.1%
25.9%
Owner74.1%
Renter25.9%

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

2021 vs 2026

How ZIP 46342 in Hobart, IN has changed in 5 years

Income
$64,113 → $75,521
up 17.8%
Population
31,707 → 32,224
up 1.6%
Renter share
22.6% → 25.9%
+3.3 pts
Bachelor's+
21.6% → 20.5%
-1.1 pts

Local incomes tracked alongside that move, going from a median of $64,113 in 2021 to $75,521 more recently. Census counts show ZIP 46342 in Hobart, IN adding about 517 residents over the five-year window, up 1.6% on net. The renter share has risen from 22.6% to 25.9%, with owner-occupied housing accounting for the remainder.

Community

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Local insights

Tips for renters in ZIP 46342

About renting in ZIP 46342

Last updated: July 20, 2026

ZIP code 46342 covers Hobart, IN. The median rent here is $1,358/mo as of July 2026. A 1-bedroom rents for a median of $1,100/mo. A 2-bedroom rents for a median of $1,340/mo.

At 22% of local median household income ($75,521/yr), ZIP 46342 ranks as affordable compared to the national benchmark of 30%. Rents have increased 8.4% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 46342?

As of July 20, 2026, the median monthly rent in ZIP 46342 (Hobart, IN) is $1,358. This is based on aggregated data from public sources and community submissions.

How does ZIP 46342 rent compare to the US average?

ZIP 46342's median rent of $1,358/mo is $607 (31%) below the US national median of $1,965/mo.

How does ZIP 46342 compare to other ZIPs in Indiana?

ZIP 46342 falls in the middle range for Indiana, ranking #73 out of 144 ZIPs at $1,358/mo.

How much income do you need to rent in ZIP 46342?

To keep rent at or below 30% of gross income, you would need to earn at least $54,000/year (~$26/hour full-time) to afford the median rent of $1,358/mo in ZIP 46342. The local median household income is $75,521/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 46342?

Rent in ZIP 46342 has increased 8.4% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 46342 an affordable place to rent?

ZIP 46342 is considered very affordable for renters. At $1,358/mo, rent takes approximately 22% of the local median household income ($75,521/yr). The standard benchmark is 30%. ZIP 46342 falls comfortably within that range.

What percentage of ZIP 46342 residents rent vs. own?

According to Census data, approximately 25.9% of ZIP 46342 households are renters, while 74.1% are owner-occupied. ZIP 46342 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 46342 compare to the rest of Hobart?

ZIP 46342 is more affordable than Hobart overall. At $1,358/mo, it's $18 below the Hobart citywide median of $1,376/mo.

When was rent data for ZIP 46342 last updated?

Rent data for ZIP 46342 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
22%
VERY AFFORDABLE

At $1,358/mo, rent takes ~22% of ZIP 46342's median household income ($75,521/yr). The standard benchmark is 30%.

ZIP 46342 22%Benchmark 30%
State income tax3.05%
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Schools nearby

Public schools near ZIP 46342 (Hobart, IN)

Recent submissions

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