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Evansville city, IN

ZIP 47720 — Housing & Real Estate

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

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 47720

Median Home Value
$206,800
Median Rent
$732
Affordability Snapshot
$57,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,328/mo PITI).

11%
Rent-to-Income Ratio

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

2.7x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

23.5 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 47720 in Evansville city, IN, a household would need roughly $57,000 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 $1,328. That sits below the local median household income ($76,968), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
87.7%+34% vs US avg
x
Vacancy Rate
3.8%-63% vs US avg
x
Broadband Access
87.1%+0% vs US avg
x
4+ Bedrooms
5.3%-64% vs US avg
x
Built Pre-1939
9.1%-29% vs US avg
x
Built Post-2014
0.6%-92% vs US avg
x
Rent Burden >30%
9.4%-81% vs US avg
x
Mortgage-Free
41.0%+7% vs US avg
x
$206,800
Home Value
$732
Rent
1969
Year Built
2010
Moved In

Residents have lived here since ~2010 on average

Housing Structure

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

  • 1-unit detached78.3%
  • 1-unit attached1.1%
  • 2-9 units3.7%
  • 10+ units2.6%
  • Mobile home & other14.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$206,800
Median rent$732
Owner-occupied87.7%
Vacant3.8%
Price-to-income2.7x
Est. income to buy$57,000