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ZIP Code · IN

ZIP 47203

Part of Columbus, IN
Pop. 26,200·Bartholomew County·69th most expensive ZIP in Indiana
Median rent (all units)
$1,395/mo
Year-over-Year
Stable
Month-over-Month
+1.9%
vs US Median
-$570
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 47203 · $1,395
More affordable than 81% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,060
1 BR
$1,080
2 BR
$1,220
3 BR
$1,460
4 BR+
$1,720
Research median
$1,220/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
$16,740/yr
At $1,395/mo median
Location
StateIN
CountyBartholomew County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (0.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+0.0% YoY, +1.9% MoM), not inventory.
Demographics

Who lives here

ZIP 47203 (Columbus, IN) is majority owner-occupied, has a large retiree population, 34.9% of residents hold a bachelor's degree or higher.

Population
26,200
Median income
$72,112
Median age
40.1
Renters
21.6%
Age distribution
24.7%
19.2%
24.8%
20.7%
Under 1824.7%
18–3419.2%
35–5424.8%
55–6410.7%
65+20.7%
Gender
49.4%
50.6%
Male49.4%
Female50.6%
Race & ethnicity
80.4%
White80.4%
Black2%
Hispanic8.7%
Asian6.7%
Other2.3%
Education (25+)
32.9%
25.2%
34.9%
No HS diploma7%
HS diploma32.9%
Some college25.2%
Bachelor's+34.9%
Housing tenure
78.4%
21.6%
Owner78.4%
Renter21.6%

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

2021 vs 2026

How ZIP 47203 in Columbus, IN has changed in 5 years

Income
$69,744 → $72,112
up 3.4%
Population
25,626 → 26,200
up 2.2%
Renter share
22% → 21.6%
-0.4 pts
Bachelor's+
39.3% → 34.9%
-4.4 pts

Household income in the area moved from $69,744 to $72,112 across the same window, up 3.4% versus 2021. Census counts show ZIP 47203 in Columbus, IN adding about 574 residents over the five-year window, up 2.2% on net. Bachelor's-degree-or-higher attainment moved from 39.3% to 34.9% across the same window.

Community

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Local insights

Tips for renters in ZIP 47203

About renting in ZIP 47203

Last updated: July 20, 2026

ZIP code 47203 covers Columbus, IN. The median rent here is $1,395/mo as of July 2026. A 1-bedroom rents for a median of $1,080/mo. A 2-bedroom rents for a median of $1,220/mo.

At 23% of local median household income ($72,112/yr), ZIP 47203 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 is rent in ZIP code 47203?

As of July 20, 2026, the median monthly rent in ZIP 47203 (Columbus, IN) is $1,395. This is based on aggregated data from public sources and community submissions.

How does ZIP 47203 rent compare to the US average?

ZIP 47203's median rent of $1,395/mo is $570 (29%) below the US national median of $1,965/mo.

How does ZIP 47203 compare to other ZIPs in Indiana?

ZIP 47203 falls in the middle range for Indiana, ranking #69 out of 144 ZIPs at $1,395/mo.

How much income do you need to rent in ZIP 47203?

To keep rent at or below 30% of gross income, you would need to earn at least $56,000/year (~$27/hour full-time) to afford the median rent of $1,395/mo in ZIP 47203. The local median household income is $72,112/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 47203?

Rent in ZIP 47203 has been relatively stable over the past year, with a 0.0% change year over year as of July 20, 2026.

Is ZIP 47203 an affordable place to rent?

ZIP 47203 is considered very affordable for renters. At $1,395/mo, rent takes approximately 23% of the local median household income ($72,112/yr). The standard benchmark is 30%. ZIP 47203 falls comfortably within that range.

What percentage of ZIP 47203 residents rent vs. own?

According to Census data, approximately 21.6% of ZIP 47203 households are renters, while 78.4% are owner-occupied. ZIP 47203 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 47203 compare to the rest of Columbus?

ZIP 47203 is more affordable than Columbus overall. At $1,395/mo, it's $4 below the Columbus citywide median of $1,399/mo.

When was rent data for ZIP 47203 last updated?

Rent data for ZIP 47203 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
23%
VERY AFFORDABLE

At $1,395/mo, rent takes ~23% of ZIP 47203's median household income ($72,112/yr). The standard benchmark is 30%.

ZIP 47203 23%Benchmark 30%
State income tax3.05%
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Schools nearby

Public schools near ZIP 47203 (Columbus, IN)

Recent submissions

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