47714, Evansville, IN

Evansville, Indiana is a city located in southern Indiana. As of the 2010 census, Evansville had a population of 127,812. The city is the county seat of Vanderburgh County and is home to the University of Southern Indiana.

The 47714 zip code covers much of eastern Evansville and includes neighborhoods such as Broad Ripple Village, East End, and West Side. Home prices in this area have seen significant growth over the past few years as more people move into the area and demand for housing increases. In January 2017, Zillow reported that the median home value in Evansville was $119,600 which was up from $101,200 only five years earlier. This rapid growth has led to some concerns about whether or not there is enough available housing stock to meet demand and whether prices will continue to increase.

One reason that home prices have increased so much in Evansville is that there are relatively few homes available for sale compared to other areas of similar size. In January 2017 there were only 2,811 homes for sale in Evansville compared to 5,000 homes available in Indianapolis just 30 miles away. Additionally, many homes that are currently for sale in Evansville are luxury apartments rather than traditional single-family homes. This has caused some people who want to buy a house to be forced into an expensive luxury apartment instead.

Despite these concerns about availability and affordability, it seems likely that home prices will continue to increase in Evansville over the next few years as more people move into the area and demand continues to outpace supply.