Lafayette-West Lafayette, IN · Indiana
Tippecanoe County
ZIP 47920
187,399 residents2,714 permits TTM$58,622 median HHI13 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$217,600
ACS 5-Year
Cap rate proxy
6.0%
FMR × 0.65 ÷ Home Value
Rent-to-income
22.3%
HUD FMR ÷ ACS HHI
Net migration
+1.25%
IRS SOI
Permits (TTM)
2,714
Census BPS
Climate risk
81.8
FEMA NRI (0–100)
ZIP 47920
Median home value
—
Gross yield
—
Buy Box score
0.2
Section 8 gap
—
Affordability
P/I: 5.6R/I: —
Section 8 detail
SAFMR: —Rent: —Gap: —
ZIP code breakdown13 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate ↓ | Rent gap |
|---|---|---|---|---|---|
| 47904 | — | — | — | 7.1% | — |
| 47909 | — | — | — | 7.0% | — |
| 47906 | — | — | — | 6.4% | — |
| 47907 | — | — | — | 6.0% | — |
| 47924 | — | — | — | 6.0% | — |
| 47941 | — | — | — | 6.0% | — |
| 47981 | — | — | — | 6.0% | — |
| 47983 | — | — | — | 6.0% | — |
| 47930 | — | — | — | 5.4% | — |
| 47901 | — | — | — | 5.3% | — |
| 47905 | — | — | — | 5.0% | — |
| 47920 | — | — | — | 4.0% | — |
| 47992 | — | — | — | 3.7% | — |
Sort by any column. Click a ZIP for detail. Rent gap: green = HUD FMR above market rent.
Demographics
Owner-occupied
53.9%
Census ACS
Vacancy rate
6.2%
Census ACS
Bachelor's degree +
40.1%
Census ACS
Rent burdened
52.4%
Census ACS (>30% income)
Median age
28.8
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