RentDataNowRentDataNow
ZIP Code · IN

ZIP 47909

Pop. 43,561·Tippecanoe County·35th most expensive ZIP in Indiana
Median rent (all units)
$1,706/mo
Year-over-Year
+7.8%
Month-over-Month
+0.2%
vs US Median
-$259
Stable (Monthly)
Be the first to discuss 47909 rents ↓
Most AffordableMost Expensive
ZIP 47909 · $1,706
More affordable than 58% of US ZIP codes · National median $1,965/mo
Rent check

Is your rent fair?

Compare your rent to the local median.

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

Loading…

Last updated: July 20, 2026

Annual cost
$20,472/yr
At $1,706/mo median
Location
StateIN
CountyTippecanoe County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 7.8% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+7.8% YoY, +0.2% MoM), not inventory.
Demographics

Who lives here

ZIP 47909 (Lafayette, IN) is majority owner-occupied, has a large share of families with children, 31.8% of residents hold a bachelor's degree or higher.

Population
43,561
Median income
$68,035
Median age
34.3
Renters
34%
Age distribution
26.5%
24.5%
25.5%
12.3%
Under 1826.5%
18–3424.5%
35–5425.5%
55–6411.3%
65+12.3%
Gender
48.8%
51.2%
Male48.8%
Female51.2%
Race & ethnicity
76%
12.5%
White76%
Black8.5%
Hispanic12.5%
Asian2.5%
Other0.5%
Education (25+)
30.7%
28.7%
31.8%
No HS diploma8.7%
HS diploma30.7%
Some college28.7%
Bachelor's+31.8%
Housing tenure
66%
34%
Owner66%
Renter34%

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

2021 vs 2026

How ZIP 47909 in Lafayette, IN has changed in 5 years

Income
$62,661 → $68,035
up 8.6%
Population
42,548 → 43,561
up 2.4%
Renter share
34.3% → 34%
-0.3 pts
Bachelor's+
30.6% → 31.8%
+1.2 pts

Household income in the area moved from $62,661 to $68,035 across the same window, up 8.6% versus 2021. Census counts show ZIP 47909 in Lafayette, IN adding about 1,013 residents over the five-year window, up 2.4% on net.

Community

Discussions about ZIP 47909

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 47909

About renting in ZIP 47909

Last updated: July 20, 2026

ZIP code 47909 covers Lafayette, IN. The median rent here is $1,706/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 30% of local median household income ($68,035/yr), ZIP 47909 ranks as moderate compared to the national benchmark of 30%. Rents have increased 7.8% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 47909?

As of July 20, 2026, the median monthly rent in ZIP 47909 (Lafayette, IN) is $1,706. This is based on aggregated data from public sources and community submissions.

How does ZIP 47909 rent compare to the US average?

ZIP 47909's median rent of $1,706/mo is $259 (13%) below the US national median of $1,965/mo.

How does ZIP 47909 compare to other ZIPs in Indiana?

ZIP 47909 is one of the pricier ZIP codes in Indiana, ranking #35 out of 144 ZIPs tracked at $1,706/mo.

How much income do you need to rent in ZIP 47909?

To keep rent at or below 30% of gross income, you would need to earn at least $68,000/year (~$33/hour full-time) to afford the median rent of $1,706/mo in ZIP 47909. The local median household income is $68,035/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 47909?

Rent in ZIP 47909 has increased 7.8% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 47909 an affordable place to rent?

ZIP 47909 is considered moderate for renters. At $1,706/mo, rent takes approximately 30% of the local median household income ($68,035/yr). The standard benchmark is 30%. ZIP 47909 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 47909 residents rent vs. own?

According to Census data, approximately 34% of ZIP 47909 households are renters, while 66% are owner-occupied. ZIP 47909 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 47909 compare to the rest of Lafayette?

ZIP 47909 is pricier than Lafayette as a whole. At $1,706/mo, it's $472 above the Lafayette citywide median of $1,234/mo.

When was rent data for ZIP 47909 last updated?

Rent data for ZIP 47909 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
30%
MODERATE

At $1,706/mo, rent takes ~30% of ZIP 47909's median household income ($68,035/yr). The standard benchmark is 30%.

ZIP 47909 30%Benchmark 30%
State income tax3.05%
Compare

How does this area stack up?

Pick another city or ZIP to compare.

Schools nearby

Public schools near ZIP 47909 (Lafayette, IN)

Recent submissions

Be the first to submit your rent for this ZIP.

Recent discussions

No discussions yet.