ZIP Code 47909 — Lafayette, IN Home Prices (2026)

The typical home in ZIP 47909 (Lafayette, Indiana) is worth about $282,000 at roughly $181 per square foot — 6% more expensive than the Lafayette median and 4% more affordable than the typical U.S. home.

$282,000

Typical home value

$181

Price per sq ft

#2 of 4

Lafayette ZIPs by value

+6%

vs Lafayette median

How 47909 compares

ZIP 47909 is one of the pricier ZIP codes in Lafayette: its typical home value of $282,000 ranks #2 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 $181, against $176 for Lafayette as a whole, $155 for Indiana, and $195 nationally.

Area	Typical value	$ / sq ft
ZIP 47909	$282,000	$181
Lafayette, IN	$267,000	$176
Indiana	$237,000	$155
United States	$294,000	$195

Home value by size in 47909

Using this ZIP’s rate of about $181 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	$181,000
1,500 sq ft	$271,500
2,000 sq ft	$362,000
2,500 sq ft	$452,500
3,000 sq ft	$543,000

Salary needed to buy a home in ZIP 47909

To buy the typical $282,000 home in ZIP 47909 with 20% down, you need a household income of roughly $77,000 a year (about $1,790 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $91,000, because the loan is bigger and mortgage insurance kicks in.

Down payment	Cash down	Monthly payment	Income needed
5% (+PMI)	$14,100	$2,220/mo	$95,000/yr
10% (+PMI)	$28,200	$2,130/mo	$91,000/yr
20%	$56,400	$1,790/mo	$77,000/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 47909

At about $181 per square foot, here is roughly how much home different budgets get you in ZIP 47909:

Budget	Approx. size	What that looks like locally
$150k	830 sq ft	below the local median — condos, smaller or older homes
$200k	1100 sq ft	below the local median — condos, smaller or older homes
$250k	1380 sq ft	around the typical home here
$300k	1660 sq ft	around the typical home here
$400k	2210 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 47909 home.

Estimate a specific home in 47909

The estimator below is pre-set to ZIP 47909 — 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 47909 sits among Lafayette’s 4 ZIP codes:

#	ZIP code	Typical value	$ / sq ft
1	47905	$298,000	$171
2	47909 (this page)	$282,000	$181
3	47901	$252,000	$228
4	47904	$189,000	$159

ZIP 47909 home prices: frequently asked

What is the average home price in ZIP code 47909? +

The typical home in ZIP 47909 (Lafayette, IN) is worth about $282,000 as of 2026. That is 6% more expensive than the Lafayette median of $267,000 and 4% more affordable than the U.S. median of $294,000.

What is the price per square foot in 47909? +

About $181 per square foot in 47909, versus $176 across Lafayette and $155 across Indiana. At that rate a 1,500 sq ft home runs roughly $271,500 and a 2,500 sq ft home about $452,500.

What salary do you need to buy a house in ZIP 47909? +

For the typical $282,000 home in ZIP 47909, a household income of about $77,000 a year covers the payment with 20% down (a 30-year fixed at 6.5%, plus taxes and insurance, under the 28% rule). With 10% down you need roughly $91,000; with 5% down about $95,000.

Is 47909 an expensive ZIP code? +

Within Lafayette, 47909 ranks #2 of 4 ZIP codes by typical home value, which makes it one of the pricier ZIP codes in Lafayette. Nationally it is about average.

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.