ZIP Code · IN

ZIP 46923

Part of Delphi, IN

Pop. 8,221·Carroll County·131st most expensive ZIP in Indiana

Median rent (all units)

$959/mo

Year-over-Year

Stable

Month-over-Month

-9.9%

vs US Median

-$973

Reported rents

Falling (Monthly)

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Most AffordableMost Expensive

ZIP 46923 · $959

More affordable than 98% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$750

1 BR

$880

2 BR

$1,050

3 BR

$1,270

4 BR+

$1,580

Research median

$1,050/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: September 25, 2026

From the history

What the numbers show

What a typical income covers

30% of the median household income ($63,553) is $1,589 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,580).

From Zillow's monthly rent index (ZORI) for ZIP 46923. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$11,508/yr

At $959/mo median

Location

CityDelphi

StateIN

CountyCarroll County

Rent Market Meter

Strong Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are down 0.0% year-over-year. Push hard on price, concessions, and lease terms.

Based on rent-price momentum (+0.0% YoY, -9.9% MoM), not inventory.

Demographics

Who lives here

ZIP 46923 (Delphi, IN) is majority owner-occupied, has a median income below the national average, 13.3% of residents hold a bachelor's degree or higher.

Population

8,221

Median income

$63,553

Median age

45.6

Renters

19.8%

Age distribution

20.8%

15.6%

27.1%

18%

18.4%

Under 1820.8%

18–3415.6%

35–5427.1%

55–6418%

65+18.4%

Gender

50.8%

49.2%

Male50.8%

Female49.2%

Race & ethnicity

92.5%

White92.5%

Hispanic6.6%

Other0.5%

Education (25+)

45.9%

31.2%

13.3%

No HS diploma9.6%

HS diploma45.9%

Some college31.2%

Bachelor's+13.3%

Housing tenure

80.2%

19.8%

Owner80.2%

Renter19.8%

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

2021 vs 2026

How ZIP 46923 in Delphi, IN has changed in 5 years

Income

$54,580 → $63,553

up 16.4%

Population

8,200 → 8,221

up 0.3%

Renter share

23.3% → 19.8%

-3.5 pts

Bachelor's+

12.6% → 13.3%

+0.7 pts

Median age

44.2 → 45.6

+1.4 yrs

Local incomes tracked alongside that move, going from a median of $54,580 in 2021 to $63,553 more recently. The renter share has eased from 23.3% to 19.8%, with owner-occupied housing accounting for the remainder.

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About renting in ZIP 46923

Last updated: September 25, 2026

ZIP code 46923 covers Delphi, IN. The median rent here is $959/mo as of September 2026. A 1-bedroom rents for a median of $880/mo. A 2-bedroom rents for a median of $1,050/mo.

At 18% of local median household income ($63,553/yr), ZIP 46923 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 46923?

To keep rent at or below 30% of gross income, you would need to earn at least $38,000/year (about $18/hour full-time) to afford the median rent of $959/mo in ZIP 46923. The local median household income is $63,553/yr, so the typical household meets that bar.