HousingHandbookReference data

U.S. ZIP Code · IN47111

Clark County · Louisville/Jefferson County, KY-IN

Typical home value

$305,638[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+2.5%
5-year / yr
+5.0%
10-year / yr
+6.5%

Relative price

vs U.S.
+7.6%
vs metro
+13.5%
vs state
+32.1%
ZIP 47111 location in IN
Location of ZIP 47111 in IN

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 47111 is worth $305,638 — 13.5% above the Louisville/Jefferson County, KY-IN median. Over the past year, values have risen 2.5%. Homes here rent for a typical $1,448 a month — a 5.7% gross rental yield. The effective property tax rate is 0.7%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
$1,448[2]
Gross yield
5.7%[2]
Cap rate
3.4%[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
0.7%[3]
Typical annual tax
$2,044[3]

#Climate risk

FEMA National Risk Index ratings for Clark County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively Moderate[4]
Riverine flood
Relatively Moderate
Coastal flood
Not Applicable
Wildfire
Very Low
Drought
Relatively Low
Heat wave
Relatively Low
Hurricane
Very Low
Tornado
Relatively High
Earthquake
Relatively Low
Winter weather
Relatively Low

#Who lives here

Population
17,738[3]
Median household income
$95,376[3]

#Migration

Household moves in and out of Clark County over a year, from IRS tax-return data.

Net migration
+507[5]
Moved in
4,103
Moved out
3,596

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
4
Elementary
2
Middle
1
High
1
  • Charlestown Senior High School

    High · Grades 9–12 · Greater Clark County Schools

    854 students

  • Charlestown Middle School

    Middle · Grades 6–8 · Greater Clark County Schools

    616 students

  • Pleasant Ridge Elementary School

    Elementary · Grades PK–2 · Greater Clark County Schools

    562 students

  • Jonathan Jennings Elementary Sch

    Elementary · Grades 3–5 · Greater Clark County Schools

    518 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield5.7%
Net yield (after ~40% expenses)3.4%
Annual rent$17,370

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$1,545
Loan principal$244,510
Down payment$61,128
Total interest paid$311,859

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio1.36
Monthly cost to own$1,971
Monthly rent$1,448

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
33rd percentile[1]
Rental yield
37th percentile[2]
Property tax
32nd percentile[3]

Frequently asked

How much is a home worth in ZIP code 47111?
The typical home in 47111 is worth $305,638, based on the Zillow Home Value Index.
Are home values rising in 47111?
Home values in 47111 are up 2.5% over the past year, and up 5.0% a year over five years.
What is the typical rent in 47111?
A typical home in 47111 rents for about $1,448 a month, a gross rental yield of 5.7%.
What is the property tax rate in 47111?
The effective property tax rate in 47111 is 0.7% — roughly $2,044 a year on a typical home.
Who lives in 47111?
ZIP code 47111 has a population of 17,738 and a median household income of $95,376.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

  • Brooks CDP, KY

    Typical home
    $305,312
    Gross yield
  • IN

    Typical home
    $305,308
    Gross yield
  • Borden, IN

    Typical home
    $306,297
    Gross yield
  • Shelbyville, KY

    Typical home
    $309,099
    Gross yield
  • Sellersburg, IN

    Typical home
    $301,624
    Gross yield
    5.4%
  • Memphis CDP, IN

    Typical home
    $301,470
    Gross yield

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