The story of this market
The typical home in ZIP 47513 sells for about $164,600, or $105 per square foot.
Prices are up +4.2% from a year ago, so sellers still have some momentum. Homes take about 88 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $625 a month.
ZIP 47513 — Birdseye
The housing market in 47513 is characterized by low inventory and slow, steady price appreciation. Market activity is limited by the rural nature of the area, with demand primarily driven by local residents and those seeking affordable, quiet living. Current conditions remain stable with no significant volatility expected in the near term.
This ZIP is best suited for families and individuals seeking a quiet, rural lifestyle with lower housing costs. It is less ideal for those requiring proximity to urban amenities or public transit.
Median prices moved up 4.2% year over year.
Homes spend a median of 88 days on market with 4.5 months of supply — a balanced-paced market.
15% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.7% · poverty 14.7% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 47513, Indiana
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in this rural area are generally low compared to regional urban centers like Evansville. Specific localized trend data is not determinable.
Schools serving the area are part of the Warrick County school system, which generally maintains average to above-average performance ratings within the state.
The area is subject to standard Midwestern weather risks, including severe thunderstorms and occasional wind events. Flood risk is localized to specific low-lying areas near regional waterways.
Economic momentum is primarily driven by proximity to the Evansville metropolitan area. Development is largely residential and agricultural with limited large-scale industrial expansion within the ZIP itself.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Indiana) — Ad Valorem Property Assessment: Property is assessed at 100% of true tax value, determined by market-based assessment systems and annual adjustments. State (Indiana) — Standard Homestead Deduction: Removes the first $45,000 of the homestead's assessed value from taxation. State (Indiana) — Indiana Property Tax Caps (Circuit Breaker): Limits annual property tax liability to 1% of gross assessed value for principal residences, 2% for other residential property, and 3% for non-residential property.
Commutes are primarily car-dependent, with residents typically driving 30-45 minutes to reach major employment hubs in the Evansville metro area.
Recreational opportunities are centered on outdoor activities, including access to nearby state forests and local parks. Shopping and dining options are limited, requiring travel to larger neighboring towns.
The rental market is characterized by low inventory and limited turnover. Demand is primarily driven by local workers seeking affordable housing options.
The local economy is largely agricultural and service-oriented, with many residents commuting to the broader Evansville industrial and healthcare sectors.
Transportation is entirely reliant on private vehicles, with no public transit infrastructure serving the area.
There are no major large-scale commercial or infrastructure developments currently approved or under construction within the ZIP.
The county appraisal districts utilize mass appraisal techniques to determine annual property assessments based on market sales data.
Parcels are subject to standard county and school district tax levies, with no significant special assessment districts reported.
Property insurance premiums are stable but reflect regional exposure to severe weather events common in Southern Indiana.
Net domestic migration is stable, with modest growth driven by individuals seeking lower costs of living.
Indiana is a judicial foreclosure state, requiring court intervention for the foreclosure process.
Sellers are required to provide a standard residential real estate disclosure form detailing the condition of the property.
Data retrieved from Census Bureau ZCTA profiles and local housing market reports.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Holiday World & Splashin' Safari4.617.6 mi
- French Lick Karting LLC4.417.3 mi
- Schnitzelbank4.612.3 mi
- Sultan's Run4.711.3 mi
- Sycamore Springs Park4.812.5 mi
- Patoka Lake Winery4.65.3 mi
- French Lick Karting LLC4.417.3 mi
- Hemlock Cliffs4.89.9 mi
- Saint Meinrad Archabbey4.712.1 mi
- Patoka Lake Winery4.65.3 mi
- Winzerwald Winery4.77 mi
- Showplace Cinemas Jasper 84.212.6 mi
- Santa Claus Museum & Village4.718 mi
- French Lick West Baden Museum4.716.4 mi
- Indiana Railway Museum4.416.8 mi
- Patoka Lake Nature Center4.66 mi
- Dubois County Museum Inc4.813.7 mi
- Hemlock Cliffs4.89.9 mi
- Sycamore Springs Park4.812.5 mi
- Dubois County Fairgrounds4.49 mi
- Jasper Riverwalk4.712.5 mi
- Bohnert Park4.611.5 mi
- Hoosier Hills Marina4.35.5 mi
- Patoka Lake Marina4.56.9 mi
- Sultan's Run4.711.3 mi
- Rural King4.412.6 mi
- Traderbaker Mall4.311.6 mi
- Jasper Manor4.111.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Local community park providing basic recreational space.
Major regional reservoir offering boating, fishing, and camping nearby.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.