ZIP Code · IN

ZIP 46902

Part of Kokomo, IN

Pop. 37,017·Howard County·99th most expensive ZIP in Indiana

Median rent (all units)

$1,186/mo

Year-over-Year

+9.9%

Month-over-Month

+1.0%

vs US Median

-$746

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 46902 · $1,186

More affordable than 92% 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

$900

1 BR

$900

2 BR

$1,140

3 BR

$1,410

4 BR+

$1,590

Research median

$1,140/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 46902 changed +9.9% 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 7 months in a row, and rose in 10 of the last 12 months.

What a typical income covers

30% of the median household income ($62,126) is $1,553 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,410); a 4-bedroom is $1,590.

Cheaper nearby

ZIP 46901, 8 miles away, rents for 15% less ($1,013/mo), about $2,100 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 46902. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$14,232/yr

At $1,186/mo median

Location

CityKokomo

StateIN

CountyHoward County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 9.9% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+9.9% YoY, +1.0% MoM), not inventory.

Demographics

Who lives here

ZIP 46902 (Kokomo, IN) is majority owner-occupied, has a large retiree population, has a median income below the national average, 21.4% of residents hold a bachelor's degree or higher.

Population

37,017

Median income

$62,126

Median age

40.1

Renters

33%

Age distribution

23.5%

20.1%

23.3%

12.7%

20.4%

Under 1823.5%

18–3420.1%

35–5423.3%

55–6412.7%

65+20.4%

Gender

46.7%

53.3%

Male46.7%

Female53.3%

Race & ethnicity

83.2%

White83.2%

Black8%

Hispanic3.3%

Asian2.9%

Other2.6%

Education (25+)

37.4%

33.8%

21.4%

No HS diploma7.3%

HS diploma37.4%

Some college33.8%

Bachelor's+21.4%

Housing tenure

67%

33%

Owner67%

Renter33%

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

2021 vs 2026

How ZIP 46902 in Kokomo, IN has changed in 5 years

Income

$56,731 → $62,126

up 9.5%

Population

36,233 → 37,017

up 2.2%

Renter share

32.3% → 33%

+0.7 pts

Bachelor's+

21.4% → 21.4%

+0.0 pts

Household income in the area moved from $56,731 to $62,126 across the same window, up 9.5% versus 2021. The population has grown by 2.2% since 2021, moving from about 36,233 residents to roughly 37,017.

Community

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Local insights

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About renting in ZIP 46902

Last updated: October 17, 2026

ZIP code 46902 covers Kokomo, IN. The median rent here is $1,186/mo as of October 2026. A 1-bedroom rents for a median of $900/mo. A 2-bedroom rents for a median of $1,140/mo.

At 23% of local median household income ($62,126/yr), ZIP 46902 ranks as affordable compared to the national benchmark of 30%. Rents have increased 9.9% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 46902?

To keep rent at or below 30% of gross income, you would need to earn at least $47,000/year (about $23/hour full-time) to afford the median rent of $1,186/mo in ZIP 46902. The local median household income is $62,126/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 46902?

Rent in ZIP 46902 has risen 9.9% over the past year.

How does ZIP 46902 compare to other ZIPs in Indiana?

ZIP 46902 is one of the more affordable among Indiana ZIP codes for rent, ranking #99 of 139 at $1,186/mo. Over the year to September 2026, rent in ZIP 46902 changed +9.9%, against a typical +3.9% across the 114 Indiana ZIP codes Zillow tracks.