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ZIP Code · IN

ZIP 46405

Pop. 12,184·Lake County·61st most expensive ZIP in Indiana
Median rent (all units)
$1,450/mo
Year-over-Year
Stable
Month-over-Month
+11.6%
vs US Median
-$515
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 46405 · $1,450
More affordable than 77% 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
$17,400/yr
At $1,450/mo median
Location
StateIN
CountyLake County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+0.0% YoY, +11.6% MoM), not inventory.
Demographics

Who lives here

ZIP 46405 (Lake Station, IN) is majority owner-occupied, has a median income below the national average, 7.8% of residents hold a bachelor's degree or higher.

Population
12,184
Median income
$60,881
Median age
35.3
Renters
24.7%
Age distribution
24.3%
25.6%
21%
15.5%
13.6%
Under 1824.3%
18–3425.6%
35–5421%
55–6415.5%
65+13.6%
Gender
52.6%
47.4%
Male52.6%
Female47.4%
Race & ethnicity
67.3%
31.6%
White67.3%
Black2.7%
Hispanic31.6%
Asian0.5%
Education (25+)
22.7%
47%
22.5%
No HS diploma22.7%
HS diploma47%
Some college22.5%
Bachelor's+7.8%
Housing tenure
75.3%
24.7%
Owner75.3%
Renter24.7%

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

2021 vs 2026

How ZIP 46405 in Lake Station, IN has changed in 5 years

Income
$50,462 → $60,881
up 20.6%
Population
12,101 → 12,184
up 0.7%
Renter share
33.5% → 24.7%
-8.8 pts
Bachelor's+
9.1% → 7.8%
-1.3 pts
Median age
36.3 → 35.3
-1.0 yrs

On the earnings side, the typical household in ZIP 46405 in Lake Station, IN now reports about $60,881, up from $50,462 in 2021. The renter share has eased from 33.5% to 24.7%, with owner-occupied housing accounting for the remainder.

Community

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Local insights

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About renting in ZIP 46405

Last updated: July 20, 2026

ZIP code 46405 covers Lake Station, IN. The median rent here is $1,450/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 29% of local median household income ($60,881/yr), ZIP 46405 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 46405?

As of July 20, 2026, the median monthly rent in ZIP 46405 (Lake Station, IN) is $1,450. This is based on aggregated data from public sources and community submissions.

How does ZIP 46405 rent compare to the US average?

ZIP 46405's median rent of $1,450/mo is $515 (26%) below the US national median of $1,965/mo.

How does ZIP 46405 compare to other ZIPs in Indiana?

ZIP 46405 falls in the middle range for Indiana, ranking #61 out of 144 ZIPs at $1,450/mo.

How much income do you need to rent in ZIP 46405?

To keep rent at or below 30% of gross income, you would need to earn at least $58,000/year (~$28/hour full-time) to afford the median rent of $1,450/mo in ZIP 46405. The local median household income is $60,881/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 46405?

Rent in ZIP 46405 has been relatively stable over the past year, with a 0.0% change year over year as of July 20, 2026.

Is ZIP 46405 an affordable place to rent?

ZIP 46405 is considered affordable for renters. At $1,450/mo, rent takes approximately 29% of the local median household income ($60,881/yr). The standard benchmark is 30%. ZIP 46405 falls comfortably within that range.

What percentage of ZIP 46405 residents rent vs. own?

According to Census data, approximately 24.7% of ZIP 46405 households are renters, while 75.3% are owner-occupied. ZIP 46405 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 46405 compare to the rest of Lake Station?

ZIP 46405 sits right at the Lake Station citywide median of $1,450/mo.

When was rent data for ZIP 46405 last updated?

Rent data for ZIP 46405 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
29%
AFFORDABLE

At $1,450/mo, rent takes ~29% of ZIP 46405's median household income ($60,881/yr). The standard benchmark is 30%.

ZIP 46405 29%Benchmark 30%
State income tax3.05%
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Schools nearby

Public schools near ZIP 46405 (Lake Station, IN)

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