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Evansville city, IN

ZIP 47708 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 47708

Median Home Value
$241,400
Median Rent
$960
Affordability Snapshot
$66,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,551/mo PITI).

21%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

4.4x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

21.0 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 47708 in Evansville city, IN, a household would need roughly $66,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,551. That is about 19% above the local median household income ($55,436), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 22% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
19.5%-70% vs US avg
x
Vacancy Rate
21.8%+111% vs US avg
x
Broadband Access
91.5%+5% vs US avg
x
4+ Bedrooms
0.0%
x
Built Pre-1939
4.3%-67% vs US avg
x
Built Post-2014
10.6%+53% vs US avg
x
Rent Burden >30%
22.7%-54% vs US avg
x
Mortgage-Free
59.8%+56% vs US avg
x
$241,400
Home Value
$960
Rent
1938
Year Built
N/A
Moved In
Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached3.2%
  • 1-unit attached2.4%
  • 2-9 units24.0%
  • 10+ units70.4%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$241,400
Median rent$960
Owner-occupied19.5%
Vacant21.8%
Price-to-income4.4x
Est. income to buy$66,000