ZIP Code · IN

ZIP 47111

Part of Charlestown, IN

Pop. 17,738·Clark County·43rd most expensive ZIP in Indiana

Median rent (all units)

$1,579/mo

Year-over-Year

Stable

Month-over-Month

-0.8%

vs US Median

-$353

Reported rents

Falling (Monthly)

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Most AffordableMost Expensive

ZIP 47111 · $1,579

More affordable than 67% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$860

1 BR

$930

2 BR

$1,130

3 BR

$1,440

4 BR+

$1,680

Research median

$1,130/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

What a typical income covers

30% of the median household income ($95,376) is $2,384 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,680).

Cheaper nearby

ZIP 47172, 9 miles away, rents for 19% less ($1,282/mo), about $3,600 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 47111. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$18,948/yr

At $1,579/mo median

Location

CityCharlestown

StateIN

CountyClark 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 (+0.0% YoY, -0.8% MoM), not inventory.

Demographics

Who lives here

ZIP 47111 (Charlestown, IN) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 30.2% of residents hold a bachelor's degree or higher.

Population

17,738

Median income

$95,376

Median age

37.1

Renters

13.4%

Age distribution

25.8%

21.9%

27.4%

12.2%

12.6%

Under 1825.8%

18–3421.9%

35–5427.4%

55–6412.2%

65+12.6%

Gender

47.2%

52.8%

Male47.2%

Female52.8%

Race & ethnicity

87.5%

White87.5%

Black2.7%

Hispanic7.5%

Asian1%

Other1.4%

Education (25+)

30.2%

32%

30.2%

No HS diploma7.6%

HS diploma30.2%

Some college32%

Bachelor's+30.2%

Housing tenure

86.6%

13.4%

Owner86.6%

Renter13.4%

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

2021 vs 2026

How ZIP 47111 in Charlestown, IN has changed in 5 years

Income

$81,657 → $95,376

up 16.8%

Population

18,169 → 17,738

down 2.4%

Renter share

15.2% → 13.4%

-1.8 pts

Bachelor's+

26.3% → 30.2%

+3.9 pts

On the earnings side, the typical household in ZIP 47111 in Charlestown, IN now reports about $95,376, up from $81,657 in 2021. Headcount in the area went from 18,169 to 17,738 between 2021 and 2024, a 2.4% change. About 13.4% of households rent today, against 15.2% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 26.3% to 30.2%.

Community

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Local insights

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About renting in ZIP 47111

Last updated: October 17, 2026

ZIP code 47111 covers Charlestown, IN. The median rent here is $1,579/mo as of October 2026. A 1-bedroom rents for a median of $930/mo. A 2-bedroom rents for a median of $1,130/mo.

At 20% of local median household income ($95,376/yr), ZIP 47111 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 47111?

To keep rent at or below 30% of gross income, you would need to earn at least $63,000/year (about $30/hour full-time) to afford the median rent of $1,579/mo in ZIP 47111. The local median household income is $95,376/yr, so the typical household meets that bar.