How much is a home worth in ZIP code 47129?

The typical home in 47129 is worth $206,602, based on the Zillow Home Value Index.

Are home values rising in 47129?

Home values in 47129 are up 4.4% over the past year, and up 6.0% a year over five years.

What is the typical rent in 47129?

A typical home in 47129 rents for about $1,210 a month, a gross rental yield of 7.0%.

What is the property tax rate in 47129?

The effective property tax rate in 47129 is 0.8% — roughly $1,737 a year on a typical home.

ZIP code 47129 has a population of 19,582 and a median household income of $56,185.

HousingHandbookReference data

…

U.S. ZIP Code · IN47129

Clark County · Louisville/Jefferson County, KY-IN

Typical home value

$206,602^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +4.4%
5-year / yr: +6.0%
10-year / yr: +8.5%

Relative price

vs U.S.: -27.3%
vs metro: -23.3%
vs state: -10.7%

Price history

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

The typical home in 47129 is worth $206,602 — 23.3% below the Louisville/Jefferson County, KY-IN median. Over the past year, values have risen 4.4%. Homes here rent for a typical $1,210 a month — a 7.0% gross rental yield. The effective property tax rate is 0.8%.

#Rent & investment

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

Monthly rent: $1,210^[2]
Gross yield: 7.0%^[2]
Cap rate: 4.2%^[2]

#Property tax

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

Effective tax rate: 0.8%^[3]
Typical annual tax: $1,737^[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: 19,582^[3]
Median household income: $56,185^[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: 6
Elementary: 2
Middle: 1
High: 2

Indiana Gateway Digital Academy
Other · Grades K–12 · Clarksville Community School Corp
3,107 students
Clarksville Elementary School
Elementary · Grades PK–4 · Clarksville Community School Corp
589 students
Parkwood Elementary School
Elementary · Grades PK–5 · Greater Clark County Schools
564 students
Clarksville Middle School
Middle · Grades 5–8 · Clarksville Community School Corp
410 students
Clarksville Senior High School
High · Grades 9–12 · Clarksville Community School Corp
385 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.

Home value$Monthly rent$

Gross yield7.0%

Net yield (after ~40% expenses)4.2%

Annual rent$14,521

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.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$1,045

Loan principal$165,281

Down payment$41,320

Total interest paid$210,807

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.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.13

Monthly cost to own$1,361

Monthly rent$1,210

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: 67th percentile^[1]
Rental yield: 66th percentile^[2]
Property tax: 73rd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 47129?: The typical home in 47129 is worth $206,602, based on the Zillow Home Value Index.
Are home values rising in 47129?: Home values in 47129 are up 4.4% over the past year, and up 6.0% a year over five years.
What is the typical rent in 47129?: A typical home in 47129 rents for about $1,210 a month, a gross rental yield of 7.0%.
What is the property tax rate in 47129?: The effective property tax rate in 47129 is 0.8% — roughly $1,737 a year on a typical home.
Who lives in 47129?: ZIP code 47129 has a population of 19,582 and a median household income of $56,185.

#Comparable ZIPs

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

47167 vs 47129 →
Salem, IN
Typical home
$208,349
Gross yield
—
47125 vs 47129 →
Hardinsburg, IN
Typical home
$204,659
Gross yield
—
40216
Louisville/Jefferson County metro government (balance), KY
Typical home
$209,721
Gross yield
5.8%
40051
New Haven, KY
Typical home
$211,500
Gross yield
—
40118
Louisville/Jefferson County metro government (balance), KY
Typical home
$211,994
Gross yield
7.6%
40213
Louisville, KY
Typical home
$212,717
Gross yield
—

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#Jump to section

U.S. ZIP Code · IN47129

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