ZIP Code · IN

ZIP 46342

Part of Hobart, IN

Pop. 32,224·Lake County·68th most expensive ZIP in Indiana

Median rent (all units)

$1,352/mo

Year-over-Year

+5.6%

Month-over-Month

+1.4%

vs US Median

-$580

Reported rents

Rising (Monthly)

Be the first to discuss 46342 rents ↓

Most AffordableMost Expensive

ZIP 46342 · $1,352

More affordable than 83% of US ZIP codes · National median $1,932/mo

Rent check

Is your rent fair?

Compare your rent to the local median.

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

Loading…

Last updated: October 17, 2026

From the history

What the numbers show

Past year vs. the rest of Indiana

Rent in ZIP 46342 changed +5.6% over the year to September 2026. Across the 114 Indiana ZIP codes Zillow tracks, the typical change was +3.9%.

Recent direction

Rent has risen 2 months in a row, and rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($75,521) is $1,888 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,770).

From Zillow's monthly rent index (ZORI) for ZIP 46342. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$16,224/yr

At $1,352/mo median

Location

CityHobart

StateIN

CountyLake County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 5.6% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+5.6% YoY, +1.4% 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

Discussions about ZIP 46342

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 46342

About renting in ZIP 46342

Last updated: October 17, 2026

ZIP code 46342 covers Hobart, IN. The median rent here is $1,352/mo as of October 2026. A 1-bedroom rents for a median of $1,100/mo. A 2-bedroom rents for a median of $1,340/mo.

At 21% of local median household income ($75,521/yr), ZIP 46342 ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.6% over the past year.

FAQ

Frequently asked questions

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 (about $26/hour full-time) to afford the median rent of $1,352/mo in ZIP 46342. The local median household income is $75,521/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 46342?

Rent in ZIP 46342 has risen 5.6% over the past year.

How does ZIP 46342 compare to other ZIPs in Indiana?

ZIP 46342 is in the middle among Indiana ZIP codes for rent, ranking #68 of 139 at $1,352/mo. Over the year to September 2026, rent in ZIP 46342 changed +5.6%, against a typical +3.9% across the 114 Indiana ZIP codes Zillow tracks.