The story of this market
The typical home in ZIP 47722 sells for about $209,900, or $125 per square foot.
Prices are up +3.9% from a year ago, so sellers still have some momentum. Homes take about 59 days to sell. HUD's fair market rent for a two-bedroom is $1,300 a month.
ZIP 47722 — Evansville
The Evansville housing market remains balanced with a median sale price of $209,900 and a stable year-over-year growth trend. Inventory levels are sufficient to meet current demand, resulting in a moderate pace of sales.
The area is suitable for a mix of family buyers and local workers seeking affordability relative to national averages.
Median prices moved up 3.9% year over year.
Homes spend a median of 59 days on market with 1.3 months of supply — a fast-moving market.
23% of listings have cut prices · homes sell at 99.6% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.8% · poverty 15.0% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 47722, Vanderburgh County, IN
Evansville serves as the primary economic hub for Southwestern Indiana, anchored by 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.
The rental market is characterized by a median asking rent of $1,300 with moderate vacancy pressure.
The economy is driven by major employers in the healthcare and manufacturing sectors within the Evansville MSA.
The area is served by regional highway corridors and serves as the primary transit hub for Southwestern Indiana.
Data retrieved from US Census Bureau and Zips.us.com profiles.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.