The story of this market
The typical home in ZIP 47715 sells for about $240,000, or $145 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 44 days to sell. HUD's fair market rent for a two-bedroom is $1,058 a month.
ZIP 47715 — Evansville
The 47715 housing market shows steady performance with a median sale price of $240,000 and a healthy sale-to-list ratio of 98.6%. While inventory remains constrained, the market is balanced by consistent demand from local buyers. Price growth remains modest, reflecting broader regional trends in the Evansville metropolitan area.
This ZIP is well-suited for family buyers and professionals seeking suburban living with convenient access to Evansville's amenities and employment centers.
Median prices moved up 2.1% year over year.
Homes spend a median of 44 days on market with 1.8 months of supply — a fast-moving market.
22% of listings have cut prices · homes sell at 98.6% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.5% · poverty 12.8% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 47715, Vanderburgh County, IN
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area is served by the Evansville Vanderburgh School Corporation, which provides a range of public educational options including William Henry Harrison High School.
The local economy is anchored by healthcare, manufacturing, and education sectors, with ongoing development focused on regional infrastructure and commercial expansion.
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 major corridors providing access to the Evansville employment core.
The area features local parks and proximity to shopping and dining districts along major thoroughfares like Green River Road.
The rental market remains stable with moderate demand, though vacancy pressure is influenced by the availability of single-family and multi-family housing stock.
The Evansville economy is driven by a mix of healthcare, manufacturing, and logistics, serving as a regional hub for southwest Indiana.
The area is primarily served by a network of highways and arterial roads, with limited public transit infrastructure.
Development activity is focused on infill residential projects and commercial upgrades along existing corridors.
The county assessor manages property valuations based on annual market assessments.
Parcels are subject to school district, county, and municipal tax levies.
Property insurance premiums are influenced by regional weather patterns and standard hazard risk profiles.
Indiana is a judicial foreclosure state with established notice and redemption procedures.
Sellers are required to provide a standard residential real estate disclosure form detailing property condition.
Data retrieved from data.census.gov 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.
Major commercial artery featuring extensive retail and dining options.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.