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ZIP Code · IN

ZIP 46383

Pop. 42,183·Porter County·66th most expensive ZIP in Indiana
Median rent (all units)
$1,409/mo
Year-over-Year
+5.0%
Month-over-Month
+0.6%
vs US Median
-$556
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 46383 · $1,409
More affordable than 80% of US ZIP codes · National median $1,965/mo
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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: July 20, 2026

Annual cost
$16,908/yr
At $1,409/mo median
Location
StateIN
CountyPorter County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 5.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+5.0% YoY, +0.6% 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%
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

2021 vs 2026

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

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

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.

Community

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Local insights

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About renting in ZIP 46383

Last updated: July 20, 2026

ZIP code 46383 covers Valparaiso, IN. The median rent here is $1,409/mo as of July 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 5.0% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 46383?

As of July 20, 2026, the median monthly rent in ZIP 46383 (Valparaiso, IN) is $1,409. This is based on aggregated data from public sources and community submissions.

How does ZIP 46383 rent compare to the US average?

ZIP 46383's median rent of $1,409/mo is $556 (28%) below the US national median of $1,965/mo.

How does ZIP 46383 compare to other ZIPs in Indiana?

ZIP 46383 falls in the middle range for Indiana, ranking #66 out of 144 ZIPs at $1,409/mo.

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 $56,000/year (~$27/hour full-time) to afford the median rent of $1,409/mo in ZIP 46383. The local median household income is $76,224/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 46383?

Rent in ZIP 46383 has increased 5.0% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 46383 an affordable place to rent?

ZIP 46383 is considered very affordable for renters. At $1,409/mo, rent takes approximately 22% of the local median household income ($76,224/yr). The standard benchmark is 30%. ZIP 46383 falls comfortably within that range.

What percentage of ZIP 46383 residents rent vs. own?

According to Census data, approximately 34.3% of ZIP 46383 households are renters, while 65.7% are owner-occupied. ZIP 46383 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 46383 compare to the rest of Valparaiso?

ZIP 46383 is more affordable than Valparaiso overall. At $1,409/mo, it's $141 below the Valparaiso citywide median of $1,550/mo.

When was rent data for ZIP 46383 last updated?

Rent data for ZIP 46383 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
22%
VERY AFFORDABLE

At $1,409/mo, rent takes ~22% of ZIP 46383's median household income ($76,224/yr). The standard benchmark is 30%.

ZIP 46383 22%Benchmark 30%
State income tax3.05%
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Schools nearby

Public schools near ZIP 46383 (Valparaiso, IN)

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