ZIP Code · IN

ZIP 47203

Part of Columbus, IN

Pop. 26,200·Bartholomew County·54th most expensive ZIP in Indiana

Median rent (all units)

$1,452/mo

Year-over-Year

Stable

Month-over-Month

+1.6%

vs US Median

-$480

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 47203 · $1,452

More affordable than 76% of US ZIP codes · National median $1,932/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: October 17, 2026

From the history

What the numbers show

What a typical income covers

30% of the median household income ($72,112) is $1,803 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,720).

From Zillow's monthly rent index (ZORI) for ZIP 47203. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$17,424/yr

At $1,452/mo median

Location

CityColumbus

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, +1.6% 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: October 17, 2026

ZIP code 47203 covers Columbus, IN. The median rent here is $1,452/mo as of October 2026. A 1-bedroom rents for a median of $1,080/mo. A 2-bedroom rents for a median of $1,220/mo.

At 24% 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 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 $58,000/year (about $28/hour full-time) to afford the median rent of $1,452/mo in ZIP 47203. The local median household income is $72,112/yr, so the typical household meets that bar.