The story of this market
The typical home in ZIP 47713 sells for about $104,764, or $85 per square foot.
Prices are down 2.1% from a year ago, which gives buyers more room to negotiate. Homes take about 52 days to sell. HUD's fair market rent for a two-bedroom is $928 a month.
ZIP 47713 — Evansville
The 47713 housing market remains a low-cost, high-vacancy environment driven by local investor activity. While prices have seen modest long-term appreciation, the market faces headwinds from lower household incomes and high renter cost burdens. Current conditions reflect a balanced but slow-moving landscape with limited new construction.
This ZIP is primarily suited for budget-conscious investors and first-time homebuyers looking for low entry prices, as well as renters seeking proximity to the urban core.
Median prices moved down 2.1% year over year.
Homes spend a median of 52 days on market with 5.1 months of supply — a balanced-paced market.
18% of listings have cut prices · homes sell at 96.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 10.3% · poverty 34.6% — elevated distress and economic pressure.
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 4.9%/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 4.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 47713, 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.
Crime rates in the 47713 area are higher than the regional average for Evansville, with property crime being the most frequently reported issue.
Public schools serving this ZIP are part of the Evansville Vanderburgh School Corporation, which generally faces challenges with student performance metrics compared to suburban districts.
The area is subject to standard Midwestern weather risks, including potential for severe thunderstorms and localized flooding in low-lying sections near the Ohio River.
Economic momentum is driven by local revitalization efforts in downtown Evansville and proximity to major regional employers in healthcare and manufacturing, though residential development remains modest.
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 benefit from proximity to downtown Evansville, allowing for short commute times via local surface streets and easy access to the Lloyd Expressway.
The ZIP features access to several local parks and is within a short distance of the Ohio River Greenway and downtown shopping and dining districts.
The rental market is characterized by high vacancy rates and a significant presence of small-scale investors, with rent growth remaining relatively flat.
The economy is anchored by healthcare systems, manufacturing, and the public sector, with downtown Evansville serving as a regional employment hub.
The area is served by the METS bus system and provides easy access to the Lloyd Expressway for regional travel.
Development is focused on urban infill and the rehabilitation of historic residential properties.
The Vanderburgh County Assessor manages property valuations, utilizing annual adjustments to reflect market conditions.
Parcels are served by the Evansville Vanderburgh School Corporation and various municipal utility districts.
Property insurance premiums are influenced by the area's risk profile for wind and storm damage common to the Ohio Valley.
Indiana is a judicial foreclosure state, requiring court intervention for the foreclosure process.
Sellers are required to provide a standard residential real estate disclosure form covering known material defects.
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.
A large community park offering green space and recreational facilities.
The central business district providing major retail and entertainment options.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.