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ZIP Code · IN

ZIP 46514

Part of Elkhart, IN
Pop. 42,389·Elkhart County·76th most expensive ZIP in Indiana
Median rent (all units)
$1,340/mo
Year-over-Year
+6.1%
Month-over-Month
-1.3%
vs US Median
-$625
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 46514 · $1,340
More affordable than 84% of US ZIP codes · National median $1,965/mo
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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: July 20, 2026

Annual cost
$16,080/yr
At $1,340/mo median
Location
StateIN
CountyElkhart County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (6.1% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+6.1% YoY, -1.3% 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: July 20, 2026

ZIP code 46514 covers Elkhart, IN. The median rent here is $1,340/mo as of July 2026. A 1-bedroom rents for a median of $1,040/mo. A 2-bedroom rents for a median of $1,240/mo.

At 24% of local median household income ($65,833/yr), ZIP 46514 ranks as affordable compared to the national benchmark of 30%. Rents have increased 6.1% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 46514?

As of July 20, 2026, the median monthly rent in ZIP 46514 (Elkhart, IN) is $1,340. This is based on aggregated data from public sources and community submissions.

How does ZIP 46514 rent compare to the US average?

ZIP 46514's median rent of $1,340/mo is $625 (32%) below the US national median of $1,965/mo.

How does ZIP 46514 compare to other ZIPs in Indiana?

ZIP 46514 falls in the middle range for Indiana, ranking #76 out of 144 ZIPs at $1,340/mo.

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 $54,000/year (~$26/hour full-time) to afford the median rent of $1,340/mo in ZIP 46514. The local median household income is $65,833/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 46514?

Rent in ZIP 46514 has increased 6.1% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 46514 an affordable place to rent?

ZIP 46514 is considered very affordable for renters. At $1,340/mo, rent takes approximately 24% of the local median household income ($65,833/yr). The standard benchmark is 30%. ZIP 46514 falls comfortably within that range.

What percentage of ZIP 46514 residents rent vs. own?

According to Census data, approximately 28% of ZIP 46514 households are renters, while 72% are owner-occupied. ZIP 46514 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 46514 compare to the rest of Elkhart?

ZIP 46514 is pricier than Elkhart as a whole. At $1,340/mo, it's $166 above the Elkhart citywide median of $1,174/mo.

When was rent data for ZIP 46514 last updated?

Rent data for ZIP 46514 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
24%
VERY AFFORDABLE

At $1,340/mo, rent takes ~24% of ZIP 46514's median household income ($65,833/yr). The standard benchmark is 30%.

ZIP 46514 24%Benchmark 30%
State income tax3.05%
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Schools nearby

Public schools near ZIP 46514 (Elkhart, IN)

Recent submissions

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