The story of this market
The typical home in ZIP 47043 sells for about $244,136, or $118 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 135 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $676 a month.
ZIP 47043 — Vevay
The housing market in 47043 is characterized by low inventory and slow turnover, reflecting a stable, rural market. Prices have seen modest growth, driven by limited supply rather than high demand, making it an affordable option for local residents.
This ZIP is best suited for retirees, rural-lifestyle seekers, and local workers who prioritize affordability and proximity to the Ohio River over urban amenities.
Median prices moved up 2.1% year over year.
Homes spend a median of 135 days on market with 8.4 months of supply — a slower-moving market.
12% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.5% · poverty 10.8% — 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 8.7%/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 4.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 47043, Switzerland 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.
Crime rates in Vevay are generally low and consistent with rural southeastern Indiana, with limited law enforcement presence reported in the immediate ZIP area.
Schools serving the area are part of the Switzerland County School Corporation, which maintains a modest academic profile typical of rural, small-town districts.
The area faces moderate risk from riverine flooding due to its proximity to the Ohio River, while wildfire and wind risks are generally considered low to moderate.
Economic momentum is driven by local tourism, agriculture, and small-scale manufacturing, with limited large-scale industrial development currently underway.
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.
Commuting is primarily car-dependent, with residents typically driving to employment hubs in Madison, Indiana, or across the river into Kentucky.
The area features significant access to the Ohio River for boating and fishing, along with local parks and rural trails, though major shopping and entertainment are limited.
The rental market is characterized by low inventory and steady demand from local workers, with limited short-term rental saturation compared to larger tourist destinations.
The local economy is anchored by agriculture, small-scale manufacturing, and tourism related to the Ohio River and local historic sites.
Transportation is almost exclusively via private vehicle, with State Road 56 serving as the primary artery connecting the area to regional hubs.
There are no major large-scale commercial or residential developments currently approved or under construction in the ZIP.
The Switzerland County Assessor manages property valuations, typically following a cyclical reassessment schedule mandated by state law.
Parcels are served by the Switzerland County School Corporation and local utility districts for water and sewer services.
Property insurance premiums are stable but sensitive to flood-zone designations near the Ohio River.
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.
Provides primary recreational access for boating and fishing.
Features preserved 19th-century architecture and local heritage sites.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.