ZIP 47906
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12-month history
Last updated: October 17, 2026
What the numbers show
February. Asking rents in ZIP 47906 usually run 1.4% below trend in February and 1.1% above it in July, about $47 a month apart at today's median. Based on 10 years of data.
Rent in ZIP 47906 is at its highest level since Zillow's records here began in May 2016.
Rent in ZIP 47906 changed +3.2% over the year to September 2026. Across the 114 Indiana ZIP codes Zillow tracks, the typical change was +3.9%.
From 2019 to 2024, rent in ZIP 47906 rose 46.9% while median household income rose 10.3% ($48,124 to $53,103). Rent outpaced income.
Rent in ZIP 47906 is 52.2% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 2 months in a row, and rose in 8 of the last 12 months.
30% of the median household income ($53,103) is $1,328 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,270); a 3-bedroom is $1,520.
ZIP 47904, 7 miles away, rents for 41% less ($1,116/mo), about $9,100 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 47906. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
Who lives here
ZIP 47906 (West Lafayette, IN) is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 63.9% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 47906 in West Lafayette, IN has changed in 5 years
The median rent in ZIP 47906 in West Lafayette, IN stood at $1,264 in 2021 and currently runs about $1,877, reflecting a 48.5% increase over the period. On the earnings side, the typical household in ZIP 47906 in West Lafayette, IN now reports about $53,103, up from $48,542 in 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 2.9% since 2021, moving from about 73,068 residents to roughly 75,198. Renters now make up 56.5% of households, compared with 54.2% five years ago. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 47906 in West Lafayette, IN reflects that arc in its own way.
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Tips for renters in ZIP 47906
Last updated: October 17, 2026
ZIP code 47906 covers West Lafayette, IN. The median rent here is $1,877/mo as of October 2026. A 1-bedroom rents for a median of $1,060/mo. A 2-bedroom rents for a median of $1,270/mo.
At 42% of local median household income ($53,103/yr), ZIP 47906 ranks as moderate compared to the national benchmark of 30%. Rents have increased 3.3% over the past year.
Frequently asked questions
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How does ZIP 47906 compare to the rest of West Lafayette?
At $1,877/mo, rent takes ~42% of ZIP 47906's median household income ($53,103/yr). The standard benchmark is 30%.
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