ZIP Code 47901 — Lafayette, IN Home Prices (2026)
The typical home in ZIP 47901 (Lafayette, Indiana) is worth about $252,000 at roughly $228 per square foot — 6% more affordable than the Lafayette median and 14% more affordable than the typical U.S. home.
How 47901 compares
ZIP 47901 is one of the more affordable ZIP codes in Lafayette: its typical home value of $252,000 ranks #3 of the 4 Lafayette ZIP codes we track (the citywide range runs from $189,000 in 47904 to $298,000 in 47905). Per square foot it costs about $228, against $176 for Lafayette as a whole, $155 for Indiana, and $195 nationally.
| Area | Typical value | $ / sq ft |
|---|---|---|
| ZIP 47901 | $252,000 | $228 |
| Lafayette, IN | $267,000 | $176 |
| Indiana | $237,000 | $155 |
| United States | $294,000 | $195 |
Home value by size in 47901
Using this ZIP’s rate of about $228 per square foot. Condition, lot, and the exact street move these meaningfully — use the estimator below for a home-specific figure.
| Home size | Estimated value |
|---|---|
| 1,000 sq ft | $228,000 |
| 1,500 sq ft | $342,000 |
| 2,000 sq ft | $456,000 |
| 2,500 sq ft | $570,000 |
| 3,000 sq ft | $684,000 |
Salary needed to buy a home in ZIP 47901
To buy the typical $252,000 home in ZIP 47901 with 20% down, you need a household income of roughly $69,000 a year (about $1,600 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $81,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $12,600 | $1,990/mo | $85,000/yr |
| 10% (+PMI) | $25,200 | $1,900/mo | $81,000/yr |
| 20% | $50,400 | $1,600/mo | $69,000/yr |
Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.
What your budget buys in ZIP 47901
At about $228 per square foot, here is roughly how much home different budgets get you in ZIP 47901:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $150k | 660 sq ft | below the local median — condos, smaller or older homes |
| $200k | 880 sq ft | below the local median — condos, smaller or older homes |
| $250k | 1100 sq ft | around the typical home here |
| $300k | 1320 sq ft | around the typical home here |
| $400k | 1750 sq ft | above the median — larger homes or the pricier ZIPs |
Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens pre-filled with a typical 47901 home.
Estimate a specific home in 47901
The estimator below is pre-set to ZIP 47901 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.
All Lafayette ZIP codes by home value
Where 47901 sits among Lafayette’s 4 ZIP codes:
| # | ZIP code | Typical value | $ / sq ft |
|---|---|---|---|
| 1 | 47905 | $298,000 | $171 |
| 2 | 47909 | $282,000 | $181 |
| 3 | 47901 (this page) | $252,000 | $228 |
| 4 | 47904 | $189,000 | $159 |
ZIP 47901 home prices: frequently asked
What is the average home price in ZIP code 47901? +
What is the price per square foot in 47901? +
What salary do you need to buy a house in ZIP 47901? +
Is 47901 an expensive ZIP code? +
See the full Lafayette home values page, all Indiana cities, or price per square foot by ZIP code nationwide.
Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. A single ZIP contains very different homes; actual values vary and change over time.