Lafayette-West Lafayette, IN · Indiana
Benton County
ZIP 47921
8,708 residents0 permits TTM$61,811 median HHI5 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$135,400
ACS 5-Year
Cap rate proxy
7.4%
FMR × 0.65 ÷ Home Value
Rent-to-income
16.2%
HUD FMR ÷ ACS HHI
Net migration
+1.44%
IRS SOI
Permits (TTM)
0
Census BPS
Climate risk
4.9
FEMA NRI (0–100)
ZIP 47921
Median home value
—
Gross yield
—
Cap rate
7.4%
Rent gap
—
Affordability
P/I: 2.5R/I: —
Section 8 detail
SAFMR: —Rent: —Gap: —
ZIP code breakdown5 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate ↓ | Rent gap |
|---|---|---|---|---|---|
| 47986 | — | — | — | 7.4% | — |
| 47921 | — | — | — | 7.4% | — |
| 47942 | $135,400county est. | $960 | 8.5% | 7.4% | 13.1% |
| 47944 | — | — | — | 5.0% | — |
| 47971 | — | — | — | 4.7% | — |
Sort by any column. Click a ZIP for detail. Rent gap: green = HUD FMR above market rent.
Demographics
Owner-occupied
80.5%
Census ACS
Vacancy rate
8.2%
Census ACS
Bachelor's degree +
18.8%
Census ACS
Rent burdened
35.1%
Census ACS (>30% income)
Median age
40.3
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026