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ZIP Code · IN

ZIP 47904

Pop. 16,257·Tippecanoe County·116th most expensive ZIP in Indiana
Median rent (all units)
$1,064/mo
Year-over-Year
+4.9%
Month-over-Month
+4.5%
vs US Median
-$901
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 47904 · $1,064
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
$820
1 BR
$950
2 BR
$1,140
3 BR
$1,370
4 BR+
$1,830
Research median
$1,140/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
$12,768/yr
At $1,064/mo median
Location
StateIN
CountyTippecanoe County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 4.9% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+4.9% YoY, +4.5% MoM), not inventory.
Demographics

Who lives here

ZIP 47904 (Lafayette, IN) is majority renter-occupied, has a median income below the national average, 20.2% of residents hold a bachelor's degree or higher.

Population
16,257
Median income
$51,687
Median age
34.1
Renters
56.8%
Age distribution
21.9%
29.8%
24.8%
14%
Under 1821.9%
18–3429.8%
35–5424.8%
55–649.5%
65+14%
Gender
51.5%
48.5%
Male51.5%
Female48.5%
Race & ethnicity
75.7%
15.3%
White75.7%
Black4.3%
Hispanic15.3%
Asian2.2%
Other2.5%
Education (25+)
14.6%
41.5%
23.7%
20.2%
No HS diploma14.6%
HS diploma41.5%
Some college23.7%
Bachelor's+20.2%
Housing tenure
43.2%
56.8%
Owner43.2%
Renter56.8%

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

2021 vs 2026

How ZIP 47904 in Lafayette, IN has changed in 5 years

Income
$39,421 → $51,687
up 31.1%
Population
16,748 → 16,257
down 2.9%
Renter share
55.4% → 56.8%
+1.4 pts
Bachelor's+
22.3% → 20.2%
-2.1 pts

On the earnings side, the typical household in ZIP 47904 in Lafayette, IN now reports about $51,687, up from $39,421 in 2021. Headcount in the area went from 16,748 to 16,257 between 2021 and 2024, a 2.9% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher slipped from 22.3% to 20.2%.

Community

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Local insights

Tips for renters in ZIP 47904

About renting in ZIP 47904

Last updated: July 20, 2026

ZIP code 47904 covers Lafayette, IN. The median rent here is $1,064/mo as of July 2026. A 1-bedroom rents for a median of $950/mo. A 2-bedroom rents for a median of $1,140/mo.

At 25% of local median household income ($51,687/yr), ZIP 47904 ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.9% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 47904?

As of July 20, 2026, the median monthly rent in ZIP 47904 (Lafayette, IN) is $1,064. This is based on aggregated data from public sources and community submissions.

How does ZIP 47904 rent compare to the US average?

ZIP 47904's median rent of $1,064/mo is $901 (46%) below the US national median of $1,965/mo.

How does ZIP 47904 compare to other ZIPs in Indiana?

ZIP 47904 is among the more affordable ZIP codes in Indiana, ranking #116 out of 144 ZIPs at $1,064/mo.

How much income do you need to rent in ZIP 47904?

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 $1,064/mo in ZIP 47904. The local median household income is $51,687/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 47904?

Rent in ZIP 47904 has increased 4.9% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 47904 an affordable place to rent?

ZIP 47904 is considered affordable for renters. At $1,064/mo, rent takes approximately 25% of the local median household income ($51,687/yr). The standard benchmark is 30%. ZIP 47904 falls comfortably within that range.

What percentage of ZIP 47904 residents rent vs. own?

According to Census data, approximately 56.8% of ZIP 47904 households are renters, while 43.2% are owner-occupied. With a majority renter population, ZIP 47904 has a strong rental market.

How does ZIP 47904 compare to the rest of Lafayette?

ZIP 47904 is more affordable than Lafayette overall. At $1,064/mo, it's $170 below the Lafayette citywide median of $1,234/mo.

When was rent data for ZIP 47904 last updated?

Rent data for ZIP 47904 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
25%
AFFORDABLE

At $1,064/mo, rent takes ~25% of ZIP 47904's median household income ($51,687/yr). The standard benchmark is 30%.

ZIP 47904 25%Benchmark 30%
State income tax3.05%
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Schools nearby

Public schools near ZIP 47904 (Lafayette, IN)

Recent submissions

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