HousingHandbookReference data

U.S. ZIP Code · IN47203

Bartholomew County · Columbus, IN

Typical home value

$287,368[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+2.7%
5-year / yr
+6.0%
10-year / yr
+5.8%

Relative price

vs U.S.
+1.2%
vs metro
+7.0%
vs state
+24.2%
ZIP 47203 location in IN
Location of ZIP 47203 in IN

Price history

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

The typical home in 47203 is worth $287,368 — 7.0% above the Columbus, IN median. Over the past year, values have risen 2.7%. Homes here rent for a typical $1,428 a month — a 6.0% 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
$1,428[2]
Gross yield
6.0%[2]
Cap rate
3.6%[2]

#Property tax

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

Effective tax rate
0.8%[3]
Typical annual tax
$2,316[3]

#Climate risk

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

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

#Who lives here

Population
26,200[3]
Median household income
$72,112[3]

#Migration

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

Net migration
-110[5]
Moved in
2,259
Moved out
2,369

Schools

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

Public schools
2
Elementary
2
Middle
0
High
0
  • Clifty Creek Elementary School

    Elementary · Grades PK–6 · Bartholomew Con School Corp

    679 students

  • L F Smith Elementary

    Elementary · Grades PK–6 · Bartholomew Con School Corp

    431 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 yield6.0%
Net yield (after ~40% expenses)3.6%
Annual rent$17,140

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$1,453
Loan principal$229,894
Down payment$57,474
Total interest paid$293,217

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 ratio1.32
Monthly cost to own$1,887
Monthly rent$1,428

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
0th percentile[1]
Rental yield
0th percentile[2]
Property tax
100th percentile[3]

Frequently asked

How much is a home worth in ZIP code 47203?
The typical home in 47203 is worth $287,368, based on the Zillow Home Value Index.
Are home values rising in 47203?
Home values in 47203 are up 2.7% over the past year, and up 6.0% a year over five years.
What is the typical rent in 47203?
A typical home in 47203 rents for about $1,428 a month, a gross rental yield of 6.0%.
What is the property tax rate in 47203?
The effective property tax rate in 47203 is 0.8% — roughly $2,316 a year on a typical home.
Who lives in 47203?
ZIP code 47203 has a population of 26,200 and a median household income of $72,112.

#Comparable ZIPs

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

  • Elizabethtown, IN

    Typical home
    $292,122
    Gross yield
  • Columbus, IN

    Typical home
    $270,071
    Gross yield
    6.0%
  • Hartsville, IN

    Typical home
    $266,838
    Gross yield
  • Hope, IN

    Typical home
    $257,694
    Gross yield
  • Taylorsville CDP, IN

    Typical home
    $199,009
    Gross yield

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