dynamic.RE
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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 +2.5% YoY. inventory, +32.9% YoY, is the number to watch.
The median listing price is up 2.5% YoY while the median home got down 6.9% bigger, so value per square foot is up 0.6%.
U.S. Census ACS characteristics for ZIP 47720 itself, not its parent county.
Renters hold 11.1% of this ZIP's 7,119 occupied households, on a median household income of $75K.
| Measure | ZIP 47720 | Vanderburgh County | Difference |
|---|---|---|---|
| Median Household Income | $75K | $62K | +$13K |
| Below Poverty Level | 7.7% | 14.3% | -6.6% |
| Median Age | 42.20 | 38.70 | +3.50 |
| Total Population | 17,124 | 180,117 | -- |
| Avg Household Size | 2.36 | 2.22 | +0.14 |
| Owner-Occupied | 88.9% | 65.0% | +23.9% |
| Worked From Home | 5.7% | 6.7% | -1.0% |
| Mean Commute | 21.00 | 19.70 | +1.30 |
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.