ZIP Code · IN

ZIP 46360

Part of Michigan City, IN

Pop. 43,817·La Porte County·103rd most expensive ZIP in Indiana

Median rent (all units)

$1,167/mo

Year-over-Year

+10.3%

Month-over-Month

+1.5%

vs US Median

-$765

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 46360 · $1,167

More affordable than 93% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$830

1 BR

$900

2 BR

$1,090

3 BR

$1,370

4 BR+

$1,580

Research median

$1,090/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 46360 is at its highest level since Zillow's records here began in June 2022.

Past year vs. the rest of Indiana

Rent in ZIP 46360 changed +10.3% 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 3 months in a row, and rose in 10 of the last 12 months.

What a typical income covers

30% of the median household income ($59,266) is $1,482 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,370); a 4-bedroom is $1,580.

From Zillow's monthly rent index (ZORI) for ZIP 46360. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$14,004/yr

At $1,167/mo median

Location

CityMichigan City

StateIN

CountyLa Porte County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 10.3% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+10.3% YoY, +1.5% MoM), not inventory.

Demographics

Who lives here

ZIP 46360 (Michigan City, IN) is majority owner-occupied, has a large retiree population, has a median income below the national average, 23.8% of residents hold a bachelor's degree or higher.

Population

43,817

Median income

$59,266

Median age

41.2

Renters

31.8%

Age distribution

19.8%

21.7%

23.7%

13.5%

21.3%

Under 1819.8%

18–3421.7%

35–5423.7%

55–6413.5%

65+21.3%

Gender

51.5%

48.5%

Male51.5%

Female48.5%

Race & ethnicity

68.7%

20.3%

White68.7%

Black20.3%

Hispanic7.7%

Asian0.8%

Other2.4%

Education (25+)

38.9%

27.4%

23.8%

No HS diploma9.9%

HS diploma38.9%

Some college27.4%

Bachelor's+23.8%

Housing tenure

68.2%

31.8%

Owner68.2%

Renter31.8%

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

2023 vs 2026

How ZIP 46360 in Michigan City, IN has changed in 5 years

Rent

$945 → $1,167

up 23.5%

Income

$52,026 → $59,266

up 13.9%

Population

43,888 → 43,817

down 0.2%

Renter share

33.7% → 31.8%

-1.9 pts

Bachelor's+

20.3% → 23.8%

+3.5 pts

Median age

39.8 → 41.2

+1.4 yrs

Across the past five years, the going rent in ZIP 46360 in Michigan City, IN has shifted from $945 to $1,167, up 23.5% since 2023. Household income in the area moved from $52,026 to $59,266 across the same window, up 13.9% versus 2021. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. The renter share has eased from 33.7% to 31.8%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 20.3% to 23.8% across the same window. Reading these numbers side by side helps frame whether current listings in ZIP 46360 in Michigan City, IN look reasonable against where the market sat half a decade ago.

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About renting in ZIP 46360

Last updated: October 17, 2026

ZIP code 46360 covers Michigan City, IN. The median rent here is $1,167/mo as of October 2026. A 1-bedroom rents for a median of $900/mo. A 2-bedroom rents for a median of $1,090/mo.

At 24% of local median household income ($59,266/yr), ZIP 46360 ranks as affordable compared to the national benchmark of 30%. Rents have increased 10.3% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 46360?

To keep rent at or below 30% of gross income, you would need to earn at least $47,000/year (about $23/hour full-time) to afford the median rent of $1,167/mo in ZIP 46360. The local median household income is $59,266/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 46360?

Rent in ZIP 46360 has risen 10.3% over the past year as of September 2026. That is the highest level since Zillow's records here began in June 2022.

How does ZIP 46360 compare to other ZIPs in Indiana?

ZIP 46360 is one of the more affordable among Indiana ZIP codes for rent, ranking #103 of 139 at $1,167/mo. Over the year to September 2026, rent in ZIP 46360 changed +10.3%, against a typical +3.9% across the 114 Indiana ZIP codes Zillow tracks.