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ZIP Code · IN

ZIP 47901

Pop. 4,585·Tippecanoe County·112th most expensive ZIP in Indiana
Median rent (all units)
$1,085/mo
Year-over-Year
-1.9%
Month-over-Month
Stable
vs US Median
-$880
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 47901 · $1,085
More affordable than 96% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$810
1 BR
$940
2 BR
$1,130
3 BR
$1,350
4 BR+
$1,810
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: July 20, 2026

Annual cost
$13,020/yr
At $1,085/mo median
Location
StateIN
CountyTippecanoe County
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 1.9% YoY), so renters have negotiating leverage.
Based on rent-price momentum (-1.9% YoY, -0.1% MoM), not inventory.
Demographics

Who lives here

ZIP 47901 (Lafayette, IN) is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 56% of residents hold a bachelor's degree or higher.

Population
4,585
Median income
$47,206
Median age
30.5
Renters
91.9%
Age distribution
55.3%
18.3%
Under 1811.9%
18–3455.3%
35–5418.3%
55–648.7%
65+5.9%
Gender
51%
49%
Male51%
Female49%
Race & ethnicity
70.8%
19.3%
White70.8%
Black19.3%
Hispanic2.7%
Asian5.7%
Other1.5%
Education (25+)
18.2%
16.6%
56%
No HS diploma9.2%
HS diploma18.2%
Some college16.6%
Bachelor's+56%
Housing tenure
91.9%
Owner8.1%
Renter91.9%

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

2021 vs 2026

How ZIP 47901 in Lafayette, IN has changed in 5 years

Income
$41,340 → $47,206
up 14.2%
Population
4,169 → 4,585
up 10.0%
Renter share
90.8% → 91.9%
+1.1 pts
Bachelor's+
60.4% → 56%
-4.4 pts
Median age
28.6 → 30.5
+1.9 yrs

Median household income rose from $41,340 to $47,206 between 2021 and 2024, a 14.2% shift. The population has grown by 10.0% since 2021, moving from about 4,169 residents to roughly 4,585. College-educated residents now make up 56% of adults here, versus 60.4% in 2021.

Community

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Local insights

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About renting in ZIP 47901

Last updated: July 20, 2026

ZIP code 47901 covers Lafayette, IN. The median rent here is $1,085/mo as of July 2026. A 1-bedroom rents for a median of $940/mo. A 2-bedroom rents for a median of $1,130/mo.

At 28% of local median household income ($47,206/yr), ZIP 47901 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 1.9% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 47901?

As of July 20, 2026, the median monthly rent in ZIP 47901 (Lafayette, IN) is $1,085. This is based on aggregated data from public sources and community submissions.

How does ZIP 47901 rent compare to the US average?

ZIP 47901's median rent of $1,085/mo is $880 (45%) below the US national median of $1,965/mo.

How does ZIP 47901 compare to other ZIPs in Indiana?

ZIP 47901 is among the more affordable ZIP codes in Indiana, ranking #112 out of 144 ZIPs at $1,085/mo.

How much income do you need to rent in ZIP 47901?

To keep rent at or below 30% of gross income, you would need to earn at least $43,000/year (~$21/hour full-time) to afford the median rent of $1,085/mo in ZIP 47901. The local median household income is $47,206/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 47901?

Rent in ZIP 47901 has decreased 1.9% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 47901 an affordable place to rent?

ZIP 47901 is considered affordable for renters. At $1,085/mo, rent takes approximately 28% of the local median household income ($47,206/yr). The standard benchmark is 30%. ZIP 47901 falls comfortably within that range.

What percentage of ZIP 47901 residents rent vs. own?

According to Census data, approximately 91.9% of ZIP 47901 households are renters, while 8.1% are owner-occupied. With a majority renter population, ZIP 47901 has a strong rental market.

How does ZIP 47901 compare to the rest of Lafayette?

ZIP 47901 is more affordable than Lafayette overall. At $1,085/mo, it's $149 below the Lafayette citywide median of $1,234/mo.

When was rent data for ZIP 47901 last updated?

Rent data for ZIP 47901 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
28%
AFFORDABLE

At $1,085/mo, rent takes ~28% of ZIP 47901's median household income ($47,206/yr). The standard benchmark is 30%.

ZIP 47901 28%Benchmark 30%
State income tax3.05%
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Schools nearby

Public schools near ZIP 47901 (Lafayette, IN)

Recent submissions

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