47720, Evansville, IN

Evansville, Indiana is a city located in the southern region of the United States. As of the 2010 census, Evansville had a population of 200,821. The city is situated on the Ohio River and is home to several major industrial plants including Owens-Illinois and Monsanto. Home equity and home prices in Evansville are among the highest in the country.

The median home value in Evansville as of September 2017 was $188,200 according to Zillow. This makes Evansville one of only a handful of cities nationwide where the median home value exceeds $175,000. In addition, Evansville has seen an increase in home values over the past few years with prices reaching their highest point in August 2017 at $192,700 according to Zillow.

The average monthly mortgage payment for a house located within zip code 47720 is currently $1,527 according to LendingTree which makes it one of the more affordable areas to purchase a house in Indiana. In addition, Evansville has seen an influx of families over recent years which has helped keep housing prices high while also providing jobs for residents.

Overall, it can be said that home equity and home prices are high in Evansville due to its proximity to major industrial plants as well as its relatively low cost of living when compared to other areas within Indiana. While this may not be ideal for everyone looking for affordable housing options, it does provide some stability and security when purchasing a house or investing in property