ZIP Code · IN

ZIP 47201

Part of Columbus, IN

Pop. 47,900·Bartholomew County·61st most expensive ZIP in Indiana

Median rent (all units)

$1,383/mo

Year-over-Year

+2.4%

Month-over-Month

+0.4%

vs US Median

-$549

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 47201 · $1,383

More affordable than 81% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,240

1 BR

$1,270

2 BR

$1,430

3 BR

$1,720

4 BR+

$2,030

Research median

$1,430/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

Cheapest month to sign

April. Asking rents in ZIP 47201 usually run 1.2% below trend in April and 1.1% above it in July, about $32 a month apart at today's median. Based on 8 years of data.

Compared with the peak

Rent in ZIP 47201 is at its highest level since Zillow's records here began in May 2018.

Past year vs. the rest of Indiana

Rent in ZIP 47201 changed +2.4% over the year to September 2026. Across the 114 Indiana ZIP codes Zillow tracks, the typical change was +3.9%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 47201 rose 34% while median household income rose 32.2% ($63,510 to $83,958). Rent outpaced income.

Since before the pandemic

Rent in ZIP 47201 is 43.8% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 2 months in a row, and rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($83,958) is $2,099 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($2,030).

From Zillow's monthly rent index (ZORI) for ZIP 47201. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$16,596/yr

At $1,383/mo median

Location

CityColumbus

StateIN

CountyBartholomew County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (2.4% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+2.4% YoY, +0.4% MoM), not inventory.

Demographics

Who lives here

ZIP 47201 (Columbus, IN) is majority owner-occupied, 36.3% of residents hold a bachelor's degree or higher.

Population

47,900

Median income

$83,958

Median age

36.8

Renters

36.8%

Age distribution

22.6%

24.4%

25.1%

13.1%

14.7%

Under 1822.6%

18–3424.4%

35–5425.1%

55–6413.1%

65+14.7%

Gender

51.5%

48.5%

Male51.5%

Female48.5%

Race & ethnicity

76.7%

White76.7%

Black2%

Hispanic10.8%

Asian9.2%

Other1.3%

Education (25+)

30.9%

24.2%

36.3%

No HS diploma8.6%

HS diploma30.9%

Some college24.2%

Bachelor's+36.3%

Housing tenure

63.2%

36.8%

Owner63.2%

Renter36.8%

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

2021 vs 2026

How ZIP 47201 in Columbus, IN has changed in 5 years

Rent

$969 → $1,383

up 42.7%

Income

$71,864 → $83,958

up 16.8%

Population

47,089 → 47,900

up 1.7%

Renter share

35.6% → 36.8%

+1.2 pts

Bachelor's+

36.5% → 36.3%

-0.2 pts

The median rent in ZIP 47201 in Columbus, IN stood at $969 in 2021 and currently runs about $1,383, reflecting a 42.7% increase over the period. Census figures show median household income at $83,958 today, compared with $71,864 five years earlier. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 1.7% since 2021, moving from about 47,089 residents to roughly 47,900. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

Community

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Local insights

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About renting in ZIP 47201

Last updated: October 17, 2026

ZIP code 47201 covers Columbus, IN. The median rent here is $1,383/mo as of October 2026. A 1-bedroom rents for a median of $1,270/mo. A 2-bedroom rents for a median of $1,430/mo.

At 20% of local median household income ($83,958/yr), ZIP 47201 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.4% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 47201?

To keep rent at or below 30% of gross income, you would need to earn at least $55,000/year (about $26/hour full-time) to afford the median rent of $1,383/mo in ZIP 47201. The local median household income is $83,958/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 47201?

Rent in ZIP 47201 has risen 2.4% over the past year as of September 2026. That is the highest level since Zillow's records here began in May 2018.

When is the cheapest time to rent in ZIP 47201?

Asking rents in ZIP 47201 are usually lowest in April, about 1.2% below their yearly trend, and highest in July, about 1.1% above it. At today's median that is a gap of roughly $32 a month. This pattern comes from 8 years of Zillow rent data.

Has rent outpaced income in ZIP 47201?

Yes. From 2019 to 2024, rent in ZIP 47201 rose 34% while median household income rose 32.2%, from $63,510 to $83,958. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 47201 compare to other ZIPs in Indiana?

ZIP 47201 is in the middle among Indiana ZIP codes for rent, ranking #61 of 139 at $1,383/mo. Over the year to September 2026, rent in ZIP 47201 changed +2.4%, against a typical +3.9% across the 114 Indiana ZIP codes Zillow tracks.