47203 — Columbus, IN Home Values
Typical home value $291,574 as of June 2026 · 2nd of 6 in Columbus, IN
Blue: typical home value (Zillow ZHVI) in ZIP code 47203, June 2021 to June 2026. This page shows observed data only; no forecast.
How 47203 compares in the Columbus, IN area
ZIP code 47203 (Columbus, IN) has a typical home value of $291,574 as of June 2026, ranking 2nd of 6 ZIP codes tracked in the Columbus, IN area, more expensive than about 83% of ZIP codes in the metro. Prices here have moved +2.2% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +29.4%, from $225,252 in June 2021 to $291,574 in June 2026. Against observed rent, the typical home here sells for 17.4× the annual rent ($1,395/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Columbus, IN forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Columbus.
Population and demographics
ZIP code 47203 has a population of 25,106, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 80.2% White, 7.7% Hispanic or Latino, 6.4% Asian, 3.1% two or more races, 1.4% another race, 1.1% Black or African American, and 0.2% American Indian or Alaska Native.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| W D Richards Elementary School | 3311 Fairlawn Dr, Columbus, IN | 2 mi |
| L F Smith Elementary | 4505 Waycross Dr, Columbus, IN | 2.1 mi |
| Clifty Creek Elementary School | 4625 E 50 N, Columbus, IN | 2.5 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 47203?
$291,574 as of June 2026, the latest month Zillow has published observed data for.
Is 47203 an expensive ZIP code in the Columbus, IN area?
47203 ranks 2nd of 6 ZIP codes in the Columbus, IN area by typical home value, more expensive than about 83% of ZIP codes in the metro.
How much have home values in 47203 changed over the past year?
+2.2% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 47203?
The typical home price is 17.4× the observed annual rent in this ZIP code ($1,395/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 47203?
25,106, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 47203?
W D Richards Elementary School (2 mi), L F Smith Elementary (2.1 mi), Clifty Creek Elementary School (2.5 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 47203?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Columbus, IN forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.