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West Lafayette city, IN

ZIP 47906 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLarge CommunityLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 47906

Median Home Value
$280,900
Median Rent
$1,000
Affordability Snapshot
$77,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,804/mo PITI).

23%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

5.4x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

23.4 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 47906 in West Lafayette city, IN, a household would need roughly $77,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,804. That is about 49% above the local median household income ($51,736), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
44.5%-32% vs US avg
x
Vacancy Rate
8.3%-20% vs US avg
x
Broadband Access
88.9%+2% vs US avg
x
4+ Bedrooms
4.3%-71% vs US avg
x
Built Pre-1939
1.4%-89% vs US avg
x
Built Post-2014
2.0%-71% vs US avg
x
Rent Burden >30%
38.4%-23% vs US avg
x
Mortgage-Free
36.9%-4% vs US avg
x
$280,900
Home Value
$1,000
Rent
1996
Year Built
2019
Moved In

Residents have lived here since ~2019 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached44.3%
  • 1-unit attached2.9%
  • 2-9 units15.9%
  • 10+ units33.1%
  • Mobile home & other3.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$280,900
Median rent$1,000
Owner-occupied44.5%
Vacant8.3%
Price-to-income5.4x
Est. income to buy$77,000