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ZIP Code · IN

ZIP 46545

Pop. 26,606·Saint Joseph County·87th most expensive ZIP in Indiana
Median rent (all units)
$1,278/mo
Year-over-Year
-15.8%
Month-over-Month
-3.2%
vs US Median
-$687
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 46545 · $1,278
More affordable than 88% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$920
1 BR
$1,140
2 BR
$1,330
3 BR
$1,610
4 BR+
$1,760
Research median
$1,330/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
$15,336/yr
At $1,278/mo median
Location
StateIN
CountySaint Joseph County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 15.8% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-15.8% YoY, -3.2% MoM), not inventory.
Demographics

Who lives here

ZIP 46545 (Mishawaka, IN) is roughly split between renters and owners, has a large retiree population, has a median income below the national average, 32.5% of residents hold a bachelor's degree or higher.

Population
26,606
Median income
$56,865
Median age
38.3
Renters
47.3%
Age distribution
19.5%
26.4%
23.3%
20.7%
Under 1819.5%
18–3426.4%
35–5423.3%
55–6410.1%
65+20.7%
Gender
46.3%
53.7%
Male46.3%
Female53.7%
Race & ethnicity
77.5%
White77.5%
Black8.8%
Hispanic5.4%
Asian2.9%
Other5.5%
Education (25+)
28.9%
32.2%
32.5%
No HS diploma6.3%
HS diploma28.9%
Some college32.2%
Bachelor's+32.5%
Housing tenure
52.7%
47.3%
Owner52.7%
Renter47.3%

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

2021 vs 2026

How ZIP 46545 in Mishawaka, IN has changed in 5 years

Income
$49,927 → $56,865
up 13.9%
Population
26,448 → 26,606
up 0.6%
Renter share
53.1% → 47.3%
-5.8 pts
Bachelor's+
32.9% → 32.5%
-0.4 pts
Median age
36.3 → 38.3
+2.0 yrs

Household income in the area moved from $49,927 to $56,865 across the same window, up 13.9% versus 2021. The renter share has eased from 53.1% to 47.3%, with owner-occupied housing accounting for the remainder.

Community

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Local insights

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About renting in ZIP 46545

Last updated: July 20, 2026

ZIP code 46545 covers Mishawaka, IN. The median rent here is $1,278/mo as of July 2026. A 1-bedroom rents for a median of $1,140/mo. A 2-bedroom rents for a median of $1,330/mo.

At 27% of local median household income ($56,865/yr), ZIP 46545 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 15.8% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 46545?

As of July 20, 2026, the median monthly rent in ZIP 46545 (Mishawaka, IN) is $1,278. This is based on aggregated data from public sources and community submissions.

How does ZIP 46545 rent compare to the US average?

ZIP 46545's median rent of $1,278/mo is $687 (35%) below the US national median of $1,965/mo.

How does ZIP 46545 compare to other ZIPs in Indiana?

ZIP 46545 falls in the middle range for Indiana, ranking #87 out of 144 ZIPs at $1,278/mo.

How much income do you need to rent in ZIP 46545?

To keep rent at or below 30% of gross income, you would need to earn at least $51,000/year (~$25/hour full-time) to afford the median rent of $1,278/mo in ZIP 46545. The local median household income is $56,865/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 46545?

Rent in ZIP 46545 has decreased 15.8% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 46545 an affordable place to rent?

ZIP 46545 is considered affordable for renters. At $1,278/mo, rent takes approximately 27% of the local median household income ($56,865/yr). The standard benchmark is 30%. ZIP 46545 falls comfortably within that range.

What percentage of ZIP 46545 residents rent vs. own?

According to Census data, approximately 47.3% of ZIP 46545 households are renters, while 52.7% are owner-occupied. ZIP 46545 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 46545 compare to the rest of Mishawaka?

ZIP 46545 is more affordable than Mishawaka overall. At $1,278/mo, it's $7 below the Mishawaka citywide median of $1,285/mo.

When was rent data for ZIP 46545 last updated?

Rent data for ZIP 46545 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
27%
AFFORDABLE

At $1,278/mo, rent takes ~27% of ZIP 46545's median household income ($56,865/yr). The standard benchmark is 30%.

ZIP 46545 27%Benchmark 30%
State income tax3.05%
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Schools nearby

Public schools near ZIP 46545 (Mishawaka, IN)

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