U.S. ZIP Code · IN47331
Fayette County
Appreciation
- 1-year
- +4.6%
- 5-year / yr
- +8.8%
- 10-year / yr
- +9.0%
Relative price
- vs U.S.
- -43.4%
- vs metro
- —
- vs state
- -30.5%
Price history
Zillow Home Value Index — monthly, smoothed and seasonally adjusted.
The typical home in 47331 is worth $160,895. Over the past year, values have risen 4.6%. Homes here rent for a typical $730 a month — a 5.4% gross rental yield. The effective property tax rate is 0.6%.
#Rent & investment
Typical asking rent, and the returns it implies at the current home value.
#Property tax
Effective rate — total real estate taxes paid relative to total home value.
#Climate risk
FEMA National Risk Index ratings for Fayette County. "Not Applicable" means the hazard does not threaten the county.
- Overall risk
- Very Low[4]
- Riverine flood
- Relatively Low
- Coastal flood
- Not Applicable
- Wildfire
- Very Low
- Drought
- Relatively Low
- Heat wave
- Very Low
- Hurricane
- Very Low
- Tornado
- Relatively Moderate
- Earthquake
- Very Low
- Winter weather
- Very Low
#Who lives here
#Migration
Household moves in and out of Fayette County over a year, from IRS tax-return data.
- Net migration
- -43[5]
- Moved in
- 469
- Moved out
- 512
Schools
Open public schools in this ZIP, from the NCES Common Core of Data.
- Public schools
- 8
- Elementary
- 5
- Middle
- 1
- High
- 2
Connersville Sr High School
High · Grades 9–12 · Fayette County School Corporation
930 students
Grandview Elementary School
Elementary · Grades PK–6 · Fayette County School Corporation
514 students
Connersville Middle School
Middle · Grades 7–8 · Fayette County School Corporation
467 students
Eastview Elementary School
Elementary · Grades PK–6 · Fayette County School Corporation
342 students
Fayette Central Elementary
Elementary · Grades K–6 · Fayette County School Corporation
333 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 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.
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.
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.
Frequently asked
- How much is a home worth in ZIP code 47331?
- The typical home in 47331 is worth $160,895, based on the Zillow Home Value Index.
- Are home values rising in 47331?
- Home values in 47331 are up 4.6% over the past year, and up 8.8% a year over five years.
- What is the typical rent in 47331?
- A typical home in 47331 rents for about $730 a month, a gross rental yield of 5.4%.
- What is the property tax rate in 47331?
- The effective property tax rate in 47331 is 0.6% — roughly $957 a year on a typical home.
- Who lives in 47331?
- ZIP code 47331 has a population of 22,786 and a median household income of $58,967.
Compare ZIPs
Pit ZIP 47331 against any other ZIP — full side-by-side table.
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