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A tight-supply market with no rental pool to price against. Demand is visible here; the rent math is not.
What would change this read: the median listing price is −1.7% YoY. inventory, −3.9% YoY, is the number to watch.
The median listing price is down 1.7% YoY while the median home got up 12.8% bigger, so value per square foot is up 6.9%.
U.S. Census ACS characteristics for ZIP 47712 itself, not its parent county.
Renters hold 34.6% of this ZIP's 10,514 occupied households, on a median household income of $68K.
| Measure | ZIP 47712 | Vanderburgh County | Difference |
|---|---|---|---|
| Median Household Income | $68K | $62K | +$7K |
| Below Poverty Level | 12.4% | 14.3% | -1.9% |
| Median Age | 33.80 | 38.70 | -4.90 |
| Total Population | 25,444 | 180,117 | -- |
| Avg Household Size | 2.22 | 2.22 | 0.00 |
| Owner-Occupied | 65.4% | 65.0% | +0.4% |
| Worked From Home | 6.6% | 6.7% | -0.1% |
| Mean Commute | 19.60 | 19.70 | -0.10 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is up 0.1% to 180,117: residents under 18 are down 0.3% and those 65 and over are up 2.9%.
County median household income is $62K, 14.3% of residents are below the poverty level, 6.7% work from home.