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Housing market/Indiana/ZIP 46368

ACS 2023 · FY2027 SAFMR

ZIP 46368 Portage, Indiana

Gary, IN HUD Metro FMR Area · Indiana. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
40,237
Households
15,856
Median HH income
$72,638
Renter share
27.5%
Median gross rent
$1,140
Vacancy
6.0%
Pop. change
+3.9%
2BR SAFMR
$1,480
SAFMR / rent
1.298×
2–49 unit stock
2,666
LIHTC proj / units
6 / 686
HUD assisted MF
1 / 9

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 46368 · IN — sent to you.

ZIP 46368 · IN

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ACS rent vs 2BR SAFMR

ZIP 46368 — Portage, IN HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,140
2BR SAFMR$1,480
90% floor$1,332
110% ceiling$1,628

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 46368

  • 1-unit detached11,77869.9%
  • 1-unit attached4932.9%
  • 2–4 units9315.5%
  • 5–49 units1,73510.3%
  • 50+ units2171.3%
  • Mobile1,68410.0%
TypeUnitsShare
1-unit detached11,77869.8%
1-unit attached4932.9%
2 units (duplex)5183.1%
3–4 units4132.4%
5–9 units9165.4%
10–19 units5013.0%
20–49 units3181.9%
50+ units2171.3%
Mobile1,68410.0%

2–4 unit share 5.5% · 5–49 unit share 10.3% · combined 2–49 15.8%.

Units by bedrooms

Studio
245
1BR
1,103
2BR
3,808
3BR
8,552
4BR
2,507
5+
655

Rent burden

Rent ≥30% of income52.5%
Rent ≥50% of income21.1%
  • ACS median gross rent $1,140 (all bedrooms, occupied rentals).
  • Median contract rent $943.
  • Renters paying ≥30% of income 52.5%; ≥50% 21.1%.
  • FY2027 2BR SAFMR $1,480 (1.298× ACS median gross rent).

Population

40,237 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +3.9%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 6 projects, 686 units.
  • HUD project-based assisted MF: 1 properties, 9 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 0 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 46368 27.5% of occupied households are renters; vacancy is 6.0%; ACS median gross rent is $1,140; population increased +3.9% between the 2018 and 2023 ACS vintages; the housing stock includes 931 units in 2–4-unit structures and 1,735 units in 5–49-unit structures; 6 LIHTC projects totaling 686 units; FY2027 2BR SAFMR is $1,480 versus ACS median gross rent of $1,140. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Indiana research

ZIP 46368 is a Census / HUD profile for Gary, IN. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 46368 — Portage, IN HUD Section 8 Payment Standards / SAFMR·Indiana ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
46301Gary, IN HUD Metro FMR Area1.6%—$2,02046302Gary, IN HUD Metro FMR Area0.0%—$1,38046303Gary, IN HUD Metro FMR Area17.6%$1,197$1,58046304Gary, IN HUD Metro FMR Area23.7%$1,169$1,50046307Gary, IN HUD Metro FMR Area13.2%$1,308$1,65046308Gary, IN HUD Metro FMR Area——$1,42046311Gary, IN HUD Metro FMR Area9.7%$1,221$1,48046312Gary, IN HUD Metro FMR Area55.9%$820$1,14046319Gary, IN HUD Metro FMR Area26.7%$1,162$1,49046320Gary, IN HUD Metro FMR Area57.2%$853$1,30046321Gary, IN HUD Metro FMR Area13.9%$1,480$1,88046322Gary, IN HUD Metro FMR Area22.8%$1,202$1,550

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Indiana research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 46368?

ZIP 46368 (Gary, IN HUD Metro FMR Area) has 40,237 residents, 15,856 households, a renter share of 27.5%, median household income of $72,638, and ACS 2023 median gross rent of $1,140. Vacancy is 6.0%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 46368?

ACS counts 518 units in 2-unit buildings, 413 in 3–4 unit buildings, 916 in 5–9, 501 in 10–19, and 318 in 20–49. Combined 2–49 unit stock is 2,666 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 46368?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,480. See the full schedule and 90–110% payment-standard band on the ZIP 46368 — Portage, IN HUD Section 8 Payment Standards / SAFMR.

Does this Indiana ZIP profile include Georgia listings?

No. ZIP 46368 is Census / HUD research for Gary, IN HUD Metro FMR Area. Jeff Crowe CRE does not list Indiana property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.