ZIP Code · IN

ZIP 46368

Part of Portage, IN

Pop. 40,301·Porter County·55th most expensive ZIP in Indiana

Median rent (all units)

$1,449/mo

Year-over-Year

+5.2%

Month-over-Month

+0.8%

vs US Median

-$483

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 46368 · $1,449

More affordable than 77% 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

$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: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 46368 is at its highest level since Zillow's records here began in March 2022.

Past year vs. the rest of Indiana

Rent in ZIP 46368 changed +5.2% 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 ($76,368) is $1,909 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,760).

From Zillow's monthly rent index (ZORI) for ZIP 46368. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$17,388/yr

At $1,449/mo median

Location

CityPortage

StateIN

CountyPorter County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 5.2% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+5.2% YoY, +0.8% 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

2022 vs 2026

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

Rent

$1,141 → $1,449

up 27.0%

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

Compared with 2022, rent in ZIP 46368 in Portage, IN has increased by $308 per month, settling near $1,449 after starting the period at $1,141. Census figures show median household income at $76,368 today, compared with $63,593 five years earlier. Rent outpaced income growth by roughly 6.9 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. 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%. The combined trend lines point to a market that has changed measurably from where it stood in early 2022.

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About renting in ZIP 46368

Last updated: October 17, 2026

ZIP code 46368 covers Portage, IN. The median rent here is $1,449/mo as of October 2026. A 1-bedroom rents for a median of $1,090/mo. A 2-bedroom rents for a median of $1,330/mo.

At 23% of local median household income ($76,368/yr), ZIP 46368 ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.2% over the past year.

FAQ

Frequently asked questions

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 $58,000/year (about $28/hour full-time) to afford the median rent of $1,449/mo in ZIP 46368. The local median household income is $76,368/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 46368?

Rent in ZIP 46368 has risen 5.2% over the past year as of September 2026. That is the highest level since Zillow's records here began in March 2022.

How does ZIP 46368 compare to other ZIPs in Indiana?

ZIP 46368 is in the middle among Indiana ZIP codes for rent, ranking #55 of 139 at $1,449/mo. Over the year to September 2026, rent in ZIP 46368 changed +5.2%, against a typical +3.9% across the 114 Indiana ZIP codes Zillow tracks.