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ZIP Code · IN

ZIP 46368

Part of Portage, IN
Pop. 40,301·Porter County·55th most expensive ZIP in Indiana
Median rent (all units)
$1,508/mo
Year-over-Year
+7.0%
Month-over-Month
-0.3%
vs US Median
-$457
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 46368 · $1,508
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
$970
1 BR
$1,090
2 BR
$1,330
3 BR
$1,630
4 BR+
$1,760
Research median
$1,330/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
$18,096/yr
At $1,508/mo median
Location
StateIN
CountyPorter County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 7.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+7.0% YoY, -0.3% MoM), not inventory.
Demographics

Who lives here

ZIP 46368 (Portage, IN) is majority owner-occupied, 19.8% of residents hold a bachelor's degree or higher.

Population
40,301
Median income
$76,368
Median age
39.7
Renters
26.6%
Age distribution
21.3%
22.6%
25.9%
14%
16.3%
Under 1821.3%
18–3422.6%
35–5425.9%
55–6414%
65+16.3%
Gender
47.9%
52.1%
Male47.9%
Female52.1%
Race & ethnicity
73.6%
21%
White73.6%
Black10%
Hispanic21%
Asian1.2%
Education (25+)
36.8%
34.1%
19.8%
No HS diploma9.3%
HS diploma36.8%
Some college34.1%
Bachelor's+19.8%
Housing tenure
73.4%
26.6%
Owner73.4%
Renter26.6%

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

2021 vs 2026

How ZIP 46368 in Portage, IN has changed in 5 years

Income
$63,593 → $76,368
up 20.1%
Population
39,599 → 40,301
up 1.8%
Renter share
29.7% → 26.6%
-3.1 pts
Bachelor's+
17.6% → 19.8%
+2.2 pts
Median age
37.1 → 39.7
+2.6 yrs

Census figures show median household income at $76,368 today, compared with $63,593 five years earlier. Headcount in the area went from 39,599 to 40,301 between 2021 and 2024, a 1.8% change. About 26.6% of households rent today, against 29.7% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 17.6% to 19.8%.

Community

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Local insights

Tips for renters in ZIP 46368

About renting in ZIP 46368

Last updated: July 20, 2026

ZIP code 46368 covers Portage, IN. The median rent here is $1,508/mo as of July 2026. A 1-bedroom rents for a median of $1,090/mo. A 2-bedroom rents for a median of $1,330/mo.

At 24% of local median household income ($76,368/yr), ZIP 46368 ranks as affordable compared to the national benchmark of 30%. Rents have increased 7.0% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 46368?

As of July 20, 2026, the median monthly rent in ZIP 46368 (Portage, IN) is $1,508. This is based on aggregated data from public sources and community submissions.

How does ZIP 46368 rent compare to the US average?

ZIP 46368's median rent of $1,508/mo is $457 (23%) below the US national median of $1,965/mo.

How does ZIP 46368 compare to other ZIPs in Indiana?

ZIP 46368 falls in the middle range for Indiana, ranking #55 out of 144 ZIPs at $1,508/mo.

How much income do you need to rent in ZIP 46368?

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 $1,508/mo in ZIP 46368. The local median household income is $76,368/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 46368?

Rent in ZIP 46368 has increased 7.0% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 46368 an affordable place to rent?

ZIP 46368 is considered very affordable for renters. At $1,508/mo, rent takes approximately 24% of the local median household income ($76,368/yr). The standard benchmark is 30%. ZIP 46368 falls comfortably within that range.

What percentage of ZIP 46368 residents rent vs. own?

According to Census data, approximately 26.6% of ZIP 46368 households are renters, while 73.4% are owner-occupied. ZIP 46368 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 46368 compare to the rest of Portage?

ZIP 46368 is more affordable than Portage overall. At $1,508/mo, it's $4 below the Portage citywide median of $1,512/mo.

When was rent data for ZIP 46368 last updated?

Rent data for ZIP 46368 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
24%
VERY AFFORDABLE

At $1,508/mo, rent takes ~24% of ZIP 46368's median household income ($76,368/yr). The standard benchmark is 30%.

ZIP 46368 24%Benchmark 30%
State income tax3.05%
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Schools nearby

Public schools near ZIP 46368 (Portage, IN)

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