ZIP Code · IN

ZIP 46383

Part of Valparaiso, IN

Pop. 42,183·Porter County·63rd most expensive ZIP in Indiana

Median rent (all units)

$1,370/mo

Year-over-Year

+4.2%

Month-over-Month

+0.2%

vs US Median

-$562

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 46383 · $1,370

More affordable than 82% of US ZIP codes · National median $1,932/mo

Rent check

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$980

1 BR

$1,110

2 BR

$1,350

3 BR

$1,650

4 BR+

$1,790

Research median

$1,350/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 46383 is at its highest level since Zillow's records here began in March 2022.

Past year vs. the rest of Indiana

Rent in ZIP 46383 changed +4.2% 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 9 of the last 12 months.

What a typical income covers

30% of the median household income ($76,224) is $1,906 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,790).

From Zillow's monthly rent index (ZORI) for ZIP 46383. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$16,440/yr

At $1,370/mo median

Location

CityValparaiso

StateIN

CountyPorter County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (4.2% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+4.2% YoY, +0.2% MoM), not inventory.

Demographics

Who lives here

ZIP 46383 (Valparaiso, IN) is majority owner-occupied, 37.7% of residents hold a bachelor's degree or higher.

Population

42,183

Median income

$76,224

Median age

37.6

Renters

34.3%

Age distribution

20.2%

26%

16.5%

Under 1820.2%

18–3426%

35–5426%

55–6411.3%

65+16.5%

Gender

48.9%

51.1%

Male48.9%

Female51.1%

Race & ethnicity

86.3%

White86.3%

Black3.7%

Hispanic9.8%

Asian1.2%

Education (25+)

29.6%

27.9%

37.7%

No HS diploma4.7%

HS diploma29.6%

Some college27.9%

Bachelor's+37.7%

Housing tenure

65.7%

34.3%

Owner65.7%

Renter34.3%

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

2022 vs 2026

How ZIP 46383 in Valparaiso, IN has changed in 5 years

Rent

$1,129 → $1,370

up 21.3%

Income

$64,067 → $76,224

up 19.0%

Population

42,279 → 42,183

down 0.2%

Renter share

37.7% → 34.3%

-3.4 pts

Bachelor's+

38.4% → 37.7%

-0.7 pts

Rent in ZIP 46383 in Valparaiso, IN has climbed 21.3% since 2022, going from about $1,129 per month to roughly $1,370 today. Census figures show median household income at $76,224 today, compared with $64,067 five years earlier. About 34.3% of households rent today, against 37.7% in 2021. The combined trend lines point to a market that has changed measurably from where it stood in early 2022.

Community

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Local insights

Tips for renters in ZIP 46383

About renting in ZIP 46383

Last updated: October 17, 2026

ZIP code 46383 covers Valparaiso, IN. The median rent here is $1,370/mo as of October 2026. A 1-bedroom rents for a median of $1,110/mo. A 2-bedroom rents for a median of $1,350/mo.

At 22% of local median household income ($76,224/yr), ZIP 46383 ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.2% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 46383?

To keep rent at or below 30% of gross income, you would need to earn at least $55,000/year (about $26/hour full-time) to afford the median rent of $1,370/mo in ZIP 46383. The local median household income is $76,224/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 46383?

Rent in ZIP 46383 has risen 4.2% 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 46383 compare to other ZIPs in Indiana?

ZIP 46383 is in the middle among Indiana ZIP codes for rent, ranking #63 of 139 at $1,370/mo. Over the year to September 2026, rent in ZIP 46383 changed +4.2%, against a typical +3.9% across the 114 Indiana ZIP codes Zillow tracks.