ZIP Code · IN

ZIP 46514

Part of Elkhart, IN

Pop. 42,389·Elkhart County·79th most expensive ZIP in Indiana

Median rent (all units)

$1,288/mo

Year-over-Year

+8.4%

Month-over-Month

+0.6%

vs US Median

-$644

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 46514 · $1,288

More affordable than 87% 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

$1,010

1 BR

$1,040

2 BR

$1,240

3 BR

$1,630

4 BR+

$1,660

Research median

$1,240/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

Past year vs. the rest of Indiana

Rent in ZIP 46514 changed +8.4% 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 5 months in a row, and rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($65,833) is $1,646 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,630); a 4-bedroom is $1,660.

From Zillow's monthly rent index (ZORI) for ZIP 46514. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$15,456/yr

At $1,288/mo median

Location

CityElkhart

StateIN

CountyElkhart County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 8.4% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+8.4% YoY, +0.6% MoM), not inventory.

Demographics

Who lives here

ZIP 46514 (Elkhart, IN) is majority owner-occupied, has a median income below the national average, 20.3% of residents hold a bachelor's degree or higher.

Population

42,389

Median income

$65,833

Median age

38.7

Renters

28%

Age distribution

24.4%

21.4%

23.8%

12.7%

17.7%

Under 1824.4%

18–3421.4%

35–5423.8%

55–6412.7%

65+17.7%

Gender

48.5%

51.5%

Male48.5%

Female51.5%

Race & ethnicity

73.7%

17.9%

White73.7%

Black5.2%

Hispanic17.9%

Asian0.9%

Other2.4%

Education (25+)

13.9%

39.1%

26.7%

20.3%

No HS diploma13.9%

HS diploma39.1%

Some college26.7%

Bachelor's+20.3%

Housing tenure

72%

28%

Owner72%

Renter28%

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

2021 vs 2026

How ZIP 46514 in Elkhart, IN has changed in 5 years

Income

$56,916 → $65,833

up 15.7%

Population

41,503 → 42,389

up 2.1%

Renter share

25.9% → 28%

+2.1 pts

Bachelor's+

20% → 20.3%

+0.3 pts

Median age

40.1 → 38.7

-1.4 yrs

Local incomes tracked alongside that move, going from a median of $56,916 in 2021 to $65,833 more recently. The population has grown by 2.1% since 2021, moving from about 41,503 residents to roughly 42,389. Renters now make up 28% of households, compared with 25.9% five years ago.

Community

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Local insights

Tips for renters in ZIP 46514

About renting in ZIP 46514

Last updated: October 17, 2026

ZIP code 46514 covers Elkhart, IN. The median rent here is $1,288/mo as of October 2026. A 1-bedroom rents for a median of $1,040/mo. A 2-bedroom rents for a median of $1,240/mo.

At 23% of local median household income ($65,833/yr), ZIP 46514 ranks as affordable compared to the national benchmark of 30%. Rents have increased 8.4% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 46514?

To keep rent at or below 30% of gross income, you would need to earn at least $52,000/year (about $25/hour full-time) to afford the median rent of $1,288/mo in ZIP 46514. The local median household income is $65,833/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 46514?

Rent in ZIP 46514 has risen 8.4% over the past year.

How does ZIP 46514 compare to other ZIPs in Indiana?

ZIP 46514 is in the middle among Indiana ZIP codes for rent, ranking #79 of 139 at $1,288/mo. Over the year to September 2026, rent in ZIP 46514 changed +8.4%, against a typical +3.9% across the 114 Indiana ZIP codes Zillow tracks.