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Understanding the Evansville zip code map is the first step to making an informed real estate decision in this Southern Indiana city. Each zip code corresponds to distinct neighborhoods with unique character, housing stock, and market dynamics. This guide provides an objective overview of Evansville's primary zip codes—47708, 47711, 47712, 47714, 47715, 47720, and 47725—to help you identify the area that best aligns with your lifestyle and investment goals. Key factors like median home prices, school districts, and proximity to major employers vary significantly across these zones, directly impacting property values and quality of life.
Evansville's zip codes radiate from its downtown core, with the Ohio River serving as a southern border. Zip code 47708 encompasses downtown Evansville, Haynie's Corner, and the historic district, characterized by a mix of renovated lofts, classic bungalows, and ongoing commercial development. Moving north and east, 47711 and 47712 cover the city's central and eastern sectors, including areas around the University of Evansville and Mead Johnson. The northern parts of the city, notably 47714 and 47715, are among the most populous and feature extensive suburban subdivisions, shopping centers like Eastland Mall, and newer construction homes. Zip code 47720 serves the far-north side and portions just outside the city limits, while 47725 is designated for PO boxes.
The following table provides a snapshot of key real estate metrics for residential zip codes, based on recent market data. Property Tax is a key cost for homeowners, representing a percentage of a home's assessed value paid annually to local government.
| Zip Code | Representative Neighborhoods | Median Home Value | Market Trend |
|---|---|---|---|
| 47708 | Downtown, Haynie's Corner | $125,000 | Appreciating |
| 47711 | University Area, Bayard Park | $150,000 | Stable |
| 47712 | Culver, Tepe Park | $135,000 | Stable |
| 47714 | North Park, St. Joseph | $225,000 | Appreciating |
| 47715 | Oak Meadow, Country Club Meadows | $275,000 | Appreciating |
| 47720 | North Side/Suburban | $190,000 | Stable |
The variation in home values across Evansville zip codes is influenced by several objective factors. Zip codes 47714 and 47715 consistently show higher median home values due to factors like newer infrastructure, top-rated school districts such as the Evansville Vanderburgh School Corporation's North Zone, and proximity to major employers like Deaconess Hospital and the North Park Business Center. These areas typically feature larger lots, more square footage, and amenities like community parks. In contrast, zip codes 47708 and 47711 offer more affordable entry points into the market, attracting buyers interested in historic homes or closer proximity to downtown's cultural attractions. The market trend of "appreciating" indicates a pattern of rising home values over the past year.
Selecting an Evansville zip code is a personal decision that should extend beyond price per square foot. A critical consideration is the school district alignment, which can affect both your children's education and the long-term resale value of your property. It is essential to verify school assignments directly with the district, as boundaries can be intricate. Commute times to major employment centers, such as the downtown medical corridor or the industrial parks on the east side, are another practical factor. Furthermore, assess your lifestyle preferences: do you value walkable neighborhoods with local shops (more common in 47708) or quiet, suburban cul-de-sacs (prevalent in 47714/47715)? Each area offers a different community atmosphere.
Beyond the mortgage principal and interest, homeowners must budget for ongoing costs like property insurance and Property Tax. While property tax rates are set at the county level, the actual tax bill is determined by the assessed value of your home, meaning homeowners in higher-value zip codes like 47715 will generally have higher tax obligations. It is advisable to research the recent tax history of any property you are considering. Other costs, such as homeowners association (HOA) fees, are also more common in the newer subdivisions of northern zip codes. A comprehensive budget should account for these variables to avoid unexpected financial strain.
In summary, your choice of an Evansville zip code will significantly shape your living experience and financial investment. Based on our experience assessment, thoroughly research school districts and commute routes, compare median home values against your budget, and consider the trade-offs between historic charm and modern amenities. By objectively evaluating these factors against your personal needs, you can confidently narrow your search to the Evansville zip code that represents the best fit for you.
