The story of this market
The typical home in ZIP 47711 sells for about $150,000, or $115 per square foot.
Prices are down 10.51% from a year ago, which gives buyers more room to negotiate. Homes take about 41 days to sell. HUD's fair market rent for a two-bedroom is $985 a month.
ZIP 47711 — Evansville
The 47711 housing market is currently experiencing a period of price correction, with median listing prices showing a year-over-year decline. Inventory levels remain moderate, and the market is characterized by a balanced pace of sales. Overall, the area remains an affordable option within the Evansville region, supported by steady local employment.
This ZIP is well-suited for family buyers and budget-conscious homeowners seeking affordability, as well as investors looking for stable rental demand in the Evansville market.
Median prices moved down 10.5% year over year.
Homes spend a median of 41 days on market with 4.2 months of supply — a fast-moving market.
23% of listings have cut prices · homes sell at 98.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.4% · poverty 11.8% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 47711, Vanderburgh County, Indiana
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Schools in the area are generally characterized by moderate performance metrics, with local district ratings reflecting a mix of academic outcomes.
The area is subject to standard Midwestern climate risks, including potential for severe thunderstorms and wind events; flood risk varies by specific parcel location.
Economic momentum is driven by the broader Evansville regional economy, which includes healthcare, manufacturing, and logistics sectors.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Indiana) — Ad Valorem Property Assessment: Property is assessed at 100% of true tax value, determined by market-based assessment systems and annual adjustments. State (Indiana) — Standard Homestead Deduction: Removes the first $45,000 of the homestead's assessed value from taxation. State (Indiana) — Indiana Property Tax Caps (Circuit Breaker): Limits annual property tax liability to 1% of gross assessed value for principal residences, 2% for other residential property, and 3% for non-residential property.
Residents typically rely on personal vehicles for commuting, with access to major regional corridors providing connectivity to the Evansville employment core.
The area features access to local parks and community green spaces, with proximity to regional shopping and dining districts in Evansville.
The rental market is characterized by high demand and relatively low vacancy rates, with rents showing steady growth consistent with the broader regional trend.
The local economy is anchored by the Evansville regional market, with significant employment in healthcare, education, and manufacturing sectors.
Transportation is primarily highway-based, with regional infrastructure supporting local and commuter traffic.
Development activity is focused on infill and residential maintenance within the existing urban fabric.
Vanderburgh County utilizes a mass appraisal system to determine property values for tax purposes, with periodic reassessments.
Parcels are subject to local school district taxes and municipal service levies typical of the Evansville metropolitan area.
Property insurance premiums are influenced by regional weather patterns and hazard exposure, consistent with Indiana state averages.
Data retrieved from US Census Bureau ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Various community parks providing green space and recreational facilities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.