ZIP Code · IN

ZIP 46410

Part of Merrillville, IN

Pop. 39,243·Lake County·46th most expensive ZIP in Indiana

Median rent (all units)

$1,562/mo

Year-over-Year

+3.6%

Month-over-Month

+0.5%

vs US Median

-$370

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 46410 · $1,562

More affordable than 68% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,160

1 BR

$1,310

2 BR

$1,590

3 BR

$1,950

4 BR+

$2,110

Research median

$1,590/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 46410 is at its highest level since Zillow's records here began in November 2021.

Past year vs. the rest of Indiana

Rent in ZIP 46410 changed +3.6% 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 2 months in a row, and rose in 10 of the last 12 months.

What a typical income covers

30% of the median household income ($64,127) is $1,603 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,590); a 3-bedroom is $1,950.

Cheaper nearby

ZIP 46409, 5 miles away, rents for 14% less ($1,349/mo), about $2,600 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 46410. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$18,744/yr

At $1,562/mo median

Location

CityMerrillville

StateIN

CountyLake County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (3.6% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+3.6% YoY, +0.5% MoM), not inventory.

Demographics

Who lives here

ZIP 46410 (Merrillville, IN) is majority owner-occupied, has a median income below the national average, 24.8% of residents hold a bachelor's degree or higher.

Population

39,243

Median income

$64,127

Median age

42.1

Renters

34%

Age distribution

20.3%

22.1%

24%

13.5%

20%

Under 1820.3%

18–3422.1%

35–5424%

55–6413.5%

65+20%

Gender

48.2%

51.8%

Male48.2%

Female51.8%

Race & ethnicity

34.5%

47.9%

15.7%

White34.5%

Black47.9%

Hispanic15.7%

Asian1.2%

Other0.7%

Education (25+)

34.2%

33.6%

24.8%

No HS diploma7.4%

HS diploma34.2%

Some college33.6%

Bachelor's+24.8%

Housing tenure

66%

34%

Owner66%

Renter34%

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

2022 vs 2026

How ZIP 46410 in Merrillville, IN has changed in 5 years

Rent

$1,293 → $1,562

up 20.8%

Income

$58,759 → $64,127

up 9.1%

Population

38,873 → 39,243

up 1.0%

Renter share

36.3% → 34%

-2.3 pts

Bachelor's+

22.2% → 24.8%

+2.6 pts

Median age

39.5 → 42.1

+2.6 yrs

Rent in ZIP 46410 in Merrillville, IN has increased 20.8% since 2022, going from about $1,293 per month to roughly $1,562 today. Local incomes tracked alongside that move, going from a median of $58,759 in 2021 to $64,127 more recently. Rent outpaced income growth by roughly 11.7 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 38,873 to 39,243 between 2021 and 2024, a 1.0% change. About 34% of households rent today, against 36.3% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 22.2% to 24.8%. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 46410 in Merrillville, IN market of 2022.

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About renting in ZIP 46410

Last updated: October 17, 2026

ZIP code 46410 covers Merrillville, IN. The median rent here is $1,562/mo as of October 2026. A 1-bedroom rents for a median of $1,310/mo. A 2-bedroom rents for a median of $1,590/mo.

At 29% of local median household income ($64,127/yr), ZIP 46410 ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.6% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 46410?

To keep rent at or below 30% of gross income, you would need to earn at least $62,000/year (about $30/hour full-time) to afford the median rent of $1,562/mo in ZIP 46410. The local median household income is $64,127/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 46410?

Rent in ZIP 46410 has risen 3.6% over the past year as of September 2026. That is the highest level since Zillow's records here began in November 2021.

How does ZIP 46410 compare to other ZIPs in Indiana?

ZIP 46410 is one of the pricier among Indiana ZIP codes for rent, ranking #46 of 139 at $1,562/mo. Over the year to September 2026, rent in ZIP 46410 changed +3.6%, against a typical +3.9% across the 114 Indiana ZIP codes Zillow tracks.