ZIP Code · IN

ZIP 46544

Part of Mishawaka, IN

Pop. 31,077·Saint Joseph County·90th most expensive ZIP in Indiana

Median rent (all units)

$1,208/mo

Year-over-Year

-0.7%

Month-over-Month

-0.3%

vs US Median

-$724

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 46544 · $1,208

More affordable than 91% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$880

1 BR

$1,090

2 BR

$1,270

3 BR

$1,540

4 BR+

$1,680

Research median

$1,270/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 46544 is 2.9% below its high of $1,244 in February 2026, at $1,208 as of September 2026.

Past year vs. the rest of Indiana

Rent in ZIP 46544 changed -0.7% over the year to September 2026. Across the 114 Indiana ZIP codes Zillow tracks, the typical change was +3.9%.

Recent direction

Rent has fallen 6 months in a row, and rose in 2 of the last 12 months.

What a typical income covers

30% of the median household income ($58,829) is $1,471 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,270); a 3-bedroom is $1,540.

From Zillow's monthly rent index (ZORI) for ZIP 46544. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$14,496/yr

At $1,208/mo median

Location

CityMishawaka

StateIN

CountySaint Joseph County

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (-0.7% YoY, -0.3% MoM), not inventory.

Demographics

Who lives here

ZIP 46544 (Mishawaka, IN) is majority owner-occupied, has a median income below the national average, 26.8% of residents hold a bachelor's degree or higher.

Population

31,077

Median income

$58,829

Median age

35.6

Renters

36.3%

Age distribution

23.7%

25.5%

23.2%

13.4%

14.2%

Under 1823.7%

18–3425.5%

35–5423.2%

55–6413.4%

65+14.2%

Gender

52.9%

47.1%

Male52.9%

Female47.1%

Race & ethnicity

78.8%

White78.8%

Black9.9%

Hispanic5.4%

Asian1%

Other5%

Education (25+)

34.8%

27.8%

26.8%

No HS diploma10.6%

HS diploma34.8%

Some college27.8%

Bachelor's+26.8%

Housing tenure

63.7%

36.3%

Owner63.7%

Renter36.3%

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

2023 vs 2026

How ZIP 46544 in Mishawaka, IN has changed in 5 years

Rent

$1,086 → $1,208

up 11.2%

Income

$55,384 → $58,829

up 6.2%

Population

31,503 → 31,077

down 1.4%

Renter share

33% → 36.3%

+3.3 pts

Bachelor's+

23.2% → 26.8%

+3.6 pts

Median age

34.7 → 35.6

+0.9 yrs

Five years ago, renters in ZIP 46544 in Mishawaka, IN paid around $1,086 a month. That figure now sits near $1,208, up 11.2% from the 2023 baseline. Household income in the area moved from $55,384 to $58,829 across the same window, up 6.2% versus 2021. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 46544 in Mishawaka, IN losing about 426 residents over the five-year window, down 1.4% on net. The renter share has risen from 33% to 36.3%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 23.2% to 26.8% across the same window. Reading these numbers side by side helps frame whether current listings in ZIP 46544 in Mishawaka, IN look reasonable against where the market sat half a decade ago.

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About renting in ZIP 46544

Last updated: October 17, 2026

ZIP code 46544 covers Mishawaka, IN. The median rent here is $1,208/mo as of October 2026. A 1-bedroom rents for a median of $1,090/mo. A 2-bedroom rents for a median of $1,270/mo.

At 25% of local median household income ($58,829/yr), ZIP 46544 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 0.7% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 46544?

To keep rent at or below 30% of gross income, you would need to earn at least $48,000/year (about $23/hour full-time) to afford the median rent of $1,208/mo in ZIP 46544. The local median household income is $58,829/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 46544?

Rent in ZIP 46544 has fallen 0.7% over the past year as of September 2026. It sits 2.9% below its high of $1,244 in February 2026.

How does ZIP 46544 compare to other ZIPs in Indiana?

ZIP 46544 is in the middle among Indiana ZIP codes for rent, ranking #90 of 139 at $1,208/mo. Over the year to September 2026, rent in ZIP 46544 changed -0.7%, against a typical +3.9% across the 114 Indiana ZIP codes Zillow tracks.