Real Estate Investing in Evansville, Indiana (47714)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47714 (Evansville, IN)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 11.2% vacancy may signal weakening demand.
What’s happening in Evansville, IN (47714)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 47714 Evansville
This part of Vanderburgh County is not an easy win. The 47714 ZIP sits at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
For an experienced owner, 47714 can be a a credible choice for hunting ground — but the discount at $147K reflects genuine risk that outside investors often underestimate.
In practical terms, 47714 offers a low basis, the region around Evansville has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
A healthy renter share of 42% in 47714 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Distressed ZIPs reward experience. resilient returns are possible in 47714, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Evansville:
Property Strategy for 47714
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $76,002 | $870 | 8.2% | +9.5% | $76,002 |
| 2BR | $114,063 | $1,120 | 7.1% | +8.0% | $57,032 |
| 3BR | $148,715 | $1,380 | 6.7% | +6.7% | $49,572 |
| 4BR | $200,304 | $1,550 | 5.6% | +7.0% | $50,076 |
| 5BR | $258,407 | — | — | +7.0% | $51,681 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 47714 Compare?
| Metric | 47714 | Evansville | Evansville, IN-KY | Indiana |
|---|---|---|---|---|
| Home Value | $146,597 | $59,067 | N/A | $248,442 |
| 5-Year CAGR | 5.7% | 6.1% | N/A | 7.7% |
| Avg Rent | $1,072 | $1,137 | N/A | - |
| Cap Rate | 5.7% | 4.6% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 47714 (Evansville, IN). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 47714 (Evansville, IN)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $146,597 |
| Monthly Rent | $1,072 |
| Price-to-Rent | 11.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.8% |
| Cap Rate | 5.7% |
| 5-Year IRR | 11.5% |
📈 Home Appreciation
| 1-Year | +7.6% ▲ |
| 3-Year CAGR | +4.0% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 10-Year CAGR | +7.0% ▲ |
🏠 Rent Trends
| 1-Year | +3.0% ▲ |
| 3-Year CAGR | +7.4% ▲ |
| 5-Year CAGR | +7.0% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.7%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 47714
Population: 33,148
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 47714
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Glenwood Leadership Academy
Lincoln School
Caze Elementary School
Plaza Park International Prep Acad
Culver Family Learning Center
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,904 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How strong is Evansville, IN for real estate investors?
Our data puts Evansville, IN at 3.0/5 for investability. Home prices of $147K and rents around $1,072/mo create a solid backdrop for investor activity.
Is Evansville, IN suited for a house hack?
House hacking in Evansville, IN is reasonable to execute. Prices around $147K and rents of $1,072/mo solid owner-occupant economics.
How much do tenants pay in Evansville, IN?
The typical rental in Evansville, IN commands about $1,072/mo monthly. That rent profile steady cash flow against the $147K purchase basis.
How much does a house cost in Evansville, IN?
Median home price in Evansville, IN is near $147K, with a 5-year CAGR of 0.0%. Prices have been measured and supportive of buy-and-hold strategies.
Are there empty rentals in Evansville, IN?
Evansville, IN carries elevated vacancy risk. Expect predictable absorption at market rents of $1,072/mo.
You know 47714 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 47714 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 47714 ranks in Evansville, IN-KY
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 47714 (Evansville)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 47714 (Evansville, IN).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.