ZIP Code · IN

ZIP 46405

Part of Lake Station, IN

Pop. 12,184·Lake County·41st most expensive ZIP in Indiana

Median rent (all units)

$1,593/mo

Year-over-Year

Stable

Month-over-Month

-4.6%

vs US Median

-$339

Reported rents

Falling (Monthly)

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Most AffordableMost Expensive

ZIP 46405 · $1,593

More affordable than 66% 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

$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

What a typical income covers

30% of the median household income ($60,881) is $1,522 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,350); a 3-bedroom is $1,650.

Cheaper nearby

ZIP 46409, 4 miles away, rents for 15% less ($1,349/mo), about $2,900 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 46405. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$19,116/yr

At $1,593/mo median

Location

CityLake Station

StateIN

CountyLake County

Rent Market Meter

Strong Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are down 0.0% year-over-year. Push hard on price, concessions, and lease terms.

Based on rent-price momentum (+0.0% YoY, -4.6% 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: October 17, 2026

ZIP code 46405 covers Lake Station, IN. The median rent here is $1,593/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 31% of local median household income ($60,881/yr), ZIP 46405 ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

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 $64,000/year (about $31/hour full-time) to afford the median rent of $1,593/mo in ZIP 46405. The local median household income is $60,881/yr, so the typical household falls short of that bar.