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ZIP Code · IN

ZIP 47150

Pop. 49,144·Floyd County·102nd most expensive ZIP in Indiana
Median rent (all units)
$1,200/mo
Year-over-Year
+1.4%
Month-over-Month
-0.9%
vs US Median
-$765
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 47150 · $1,200
More affordable than 92% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$950
1 BR
$1,030
2 BR
$1,250
3 BR
$1,600
4 BR+
$1,860
Research median
$1,250/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
$14,400/yr
At $1,200/mo median
Location
StateIN
CountyFloyd 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 (+1.4% YoY, -0.9% MoM), not inventory.
Demographics

Who lives here

ZIP 47150 (New Albany, IN) is majority owner-occupied, has a median income below the national average, 27.7% of residents hold a bachelor's degree or higher.

Population
49,144
Median income
$62,820
Median age
40.1
Renters
37.7%
Age distribution
20%
24.1%
24.8%
12.5%
18.6%
Under 1820%
18–3424.1%
35–5424.8%
55–6412.5%
65+18.6%
Gender
48.2%
51.8%
Male48.2%
Female51.8%
Race & ethnicity
82.2%
White82.2%
Black7.2%
Hispanic4.8%
Asian1.5%
Other4.4%
Education (25+)
33.4%
29.5%
27.7%
No HS diploma9.4%
HS diploma33.4%
Some college29.5%
Bachelor's+27.7%
Housing tenure
62.3%
37.7%
Owner62.3%
Renter37.7%

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

2021 vs 2026

How ZIP 47150 in New Albany, IN has changed in 5 years

Income
$57,843 → $62,820
up 8.6%
Population
49,332 → 49,144
down 0.4%
Renter share
36% → 37.7%
+1.7 pts
Bachelor's+
25.9% → 27.7%
+1.8 pts
Median age
38.6 → 40.1
+1.5 yrs

Local incomes tracked alongside that move, going from a median of $57,843 in 2021 to $62,820 more recently. The renter share has risen from 36% to 37.7%, with owner-occupied housing accounting for the remainder.

Community

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Local insights

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About renting in ZIP 47150

Last updated: July 20, 2026

ZIP code 47150 covers New Albany, IN. The median rent here is $1,200/mo as of July 2026. A 1-bedroom rents for a median of $1,030/mo. A 2-bedroom rents for a median of $1,250/mo.

At 23% of local median household income ($62,820/yr), ZIP 47150 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.4% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 47150?

As of July 20, 2026, the median monthly rent in ZIP 47150 (New Albany, IN) is $1,200. This is based on aggregated data from public sources and community submissions.

How does ZIP 47150 rent compare to the US average?

ZIP 47150's median rent of $1,200/mo is $765 (39%) below the US national median of $1,965/mo.

How does ZIP 47150 compare to other ZIPs in Indiana?

ZIP 47150 is among the more affordable ZIP codes in Indiana, ranking #102 out of 144 ZIPs at $1,200/mo.

How much income do you need to rent in ZIP 47150?

To keep rent at or below 30% of gross income, you would need to earn at least $48,000/year (~$23/hour full-time) to afford the median rent of $1,200/mo in ZIP 47150. The local median household income is $62,820/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 47150?

Rent in ZIP 47150 has increased 1.4% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 47150 an affordable place to rent?

ZIP 47150 is considered very affordable for renters. At $1,200/mo, rent takes approximately 23% of the local median household income ($62,820/yr). The standard benchmark is 30%. ZIP 47150 falls comfortably within that range.

What percentage of ZIP 47150 residents rent vs. own?

According to Census data, approximately 37.7% of ZIP 47150 households are renters, while 62.3% are owner-occupied. ZIP 47150 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 47150 compare to the rest of New Albany?

ZIP 47150 is more affordable than New Albany overall. At $1,200/mo, it's $4 below the New Albany citywide median of $1,204/mo.

When was rent data for ZIP 47150 last updated?

Rent data for ZIP 47150 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
23%
VERY AFFORDABLE

At $1,200/mo, rent takes ~23% of ZIP 47150's median household income ($62,820/yr). The standard benchmark is 30%.

ZIP 47150 23%Benchmark 30%
State income tax3.05%
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Schools nearby

Public schools near ZIP 47150 (New Albany, IN)

Recent submissions

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