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ZIP Code · IN

ZIP 47905

Pop. 42,219·Tippecanoe County·98th most expensive ZIP in Indiana
Median rent (all units)
$1,215/mo
Year-over-Year
+6.3%
Month-over-Month
-2.9%
vs US Median
-$750
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 47905 · $1,215
More affordable than 91% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$910
1 BR
$1,060
2 BR
$1,270
3 BR
$1,520
4 BR+
$2,040
Research median
$1,270/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
$14,580/yr
At $1,215/mo median
Location
StateIN
CountyTippecanoe County
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (+6.3% YoY, -2.9% MoM), not inventory.
Demographics

Who lives here

ZIP 47905 (Lafayette, IN) is majority owner-occupied, has a median income below the national average, 32.6% of residents hold a bachelor's degree or higher.

Population
42,219
Median income
$65,861
Median age
36.3
Renters
38.6%
Age distribution
24.8%
23.7%
23.6%
16.2%
Under 1824.8%
18–3423.7%
35–5423.6%
55–6411.6%
65+16.2%
Gender
49.7%
50.3%
Male49.7%
Female50.3%
Race & ethnicity
75.9%
12.7%
White75.9%
Black7.8%
Hispanic12.7%
Asian2.9%
Other0.6%
Education (25+)
32.3%
26.6%
32.6%
No HS diploma8.5%
HS diploma32.3%
Some college26.6%
Bachelor's+32.6%
Housing tenure
61.4%
38.6%
Owner61.4%
Renter38.6%

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

2021 vs 2026

How ZIP 47905 in Lafayette, IN has changed in 5 years

Income
$58,314 → $65,861
up 12.9%
Population
42,047 → 42,219
up 0.4%
Renter share
38.8% → 38.6%
-0.2 pts
Bachelor's+
34.7% → 32.6%
-2.1 pts
Median age
34.6 → 36.3
+1.7 yrs

Census figures show median household income at $65,861 today, compared with $58,314 five years earlier. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher slipped from 34.7% to 32.6%.

Community

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Local insights

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About renting in ZIP 47905

Last updated: July 20, 2026

ZIP code 47905 covers Lafayette, IN. The median rent here is $1,215/mo as of July 2026. A 1-bedroom rents for a median of $1,060/mo. A 2-bedroom rents for a median of $1,270/mo.

At 22% of local median household income ($65,861/yr), ZIP 47905 ranks as affordable compared to the national benchmark of 30%. Rents have increased 6.3% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 47905?

As of July 20, 2026, the median monthly rent in ZIP 47905 (Lafayette, IN) is $1,215. This is based on aggregated data from public sources and community submissions.

How does ZIP 47905 rent compare to the US average?

ZIP 47905's median rent of $1,215/mo is $750 (38%) below the US national median of $1,965/mo.

How does ZIP 47905 compare to other ZIPs in Indiana?

ZIP 47905 is among the more affordable ZIP codes in Indiana, ranking #98 out of 144 ZIPs at $1,215/mo.

How much income do you need to rent in ZIP 47905?

To keep rent at or below 30% of gross income, you would need to earn at least $49,000/year (~$24/hour full-time) to afford the median rent of $1,215/mo in ZIP 47905. The local median household income is $65,861/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 47905?

Rent in ZIP 47905 has increased 6.3% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 47905 an affordable place to rent?

ZIP 47905 is considered very affordable for renters. At $1,215/mo, rent takes approximately 22% of the local median household income ($65,861/yr). The standard benchmark is 30%. ZIP 47905 falls comfortably within that range.

What percentage of ZIP 47905 residents rent vs. own?

According to Census data, approximately 38.6% of ZIP 47905 households are renters, while 61.4% are owner-occupied. ZIP 47905 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 47905 compare to the rest of Lafayette?

ZIP 47905 is more affordable than Lafayette overall. At $1,215/mo, it's $19 below the Lafayette citywide median of $1,234/mo.

When was rent data for ZIP 47905 last updated?

Rent data for ZIP 47905 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
22%
VERY AFFORDABLE

At $1,215/mo, rent takes ~22% of ZIP 47905's median household income ($65,861/yr). The standard benchmark is 30%.

ZIP 47905 22%Benchmark 30%
State income tax3.05%
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Schools nearby

Public schools near ZIP 47905 (Lafayette, IN)

Recent submissions

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