The story of this market
The typical home in ZIP 47714 sells for about $172,000, or $95 per square foot.
Prices are up +4.5% 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 $970 a month.
ZIP 47714 — Evansville
The housing market in ZIP 47714 is showing signs of steady growth, with home prices rising moderately year-over-year. Low inventory levels and consistent demand from local buyers are driving a competitive environment, though affordability remains a key factor for the area.
This area is well-suited for first-time homebuyers, investors seeking affordable entry-level properties, and renters looking for proximity to the city's employment hubs.
Median prices moved up 4.5% 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 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.1% · poverty 18.7% — 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 6.8%/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 5.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 47714, 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 Evansville area are generally higher than the national average, with property crime being the most frequently reported issue in urbanized ZIP codes like 47714.
The area is served by the Evansville Vanderburgh School Corporation, which provides a mix of public school options with varying performance ratings across the district.
The region faces moderate risks from severe thunderstorms and occasional flooding near the Ohio River basin, with standard property insurance coverage typically available.
The local economy is anchored by healthcare, manufacturing, and education sectors, with ongoing efforts to diversify into technology and professional services.
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 in 47714 typically have a short commute to downtown Evansville, with most travel conducted via personal vehicle on local arterial roads.
The ZIP code features access to local community parks and is within a short drive of the Ohio River greenway and various shopping centers along the Green River Road corridor.
The rental market is characterized by steady demand from students and workforce professionals, with moderate vacancy pressure and rising rents consistent with the broader Evansville metro area.
The economy is driven by a mix of healthcare systems, manufacturing plants, and the University of Evansville, providing a stable employment base.
The area is served by a network of state highways and local bus transit, with limited reliance on rail or high-frequency public transit.
Ongoing urban infill projects and infrastructure upgrades are focused on improving connectivity between residential neighborhoods and commercial districts.
The Vanderburgh County Assessor maintains property valuations based on annual market adjustments and cyclical physical inspections.
Parcels are subject to standard municipal and county tax levies, with specific assessments for school district operations and local utility services.
Property insurance premiums are influenced by regional weather patterns, with standard coverage readily available for residential properties.
Data retrieved from data.census.gov for ZCTA 47714.
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.
Large municipal park featuring nature trails and recreational facilities.
Regional museum focusing on history, art, and science.
Major regional shopping destination serving the eastern side of the city.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.