ZIP Code Market Report
47708 — Evansville, IN
Data through February 2026 · Updated monthly
Avg Home Value
$236,442
▲ 0.0% year-over-year
Month-over-Month
+0.4%
▲ 0.4%
Single Family
--
Condo / Co-op
--
The average home value in the 47708 ZIP code (Evansville, INDIANA) is $236,442 as of February 2026. Home prices are stable, up 0.0% compared to last year.
Looking ahead, Zillow's forecast model projects home values in the 47708 ZIP code will increase 1.0% over the next 12 months, bringing the projected average to approximately $238,806. This modest projected change should be factored into any investment analysis for properties in this area.
This report is part of the Vanderburgh County market area in INDIANA. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Vanderburgh County report.
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Market Snapshot
47708 Housing Market at a Glance
Key metrics for the last 3 months with trend direction.
| Metric | Dec 2025 | Jan 2026 | Feb 2026 | 3-Mo Change |
|---|---|---|---|---|
| Avg Home Value | $238,892 | $235,490 | $236,442 | ▼ 1.0% |
Home Values
47708 Home Value Trend
Historical home values for ZIP code 47708. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
Property Types
Home Values by Property Type in 47708
How different property types compare in this ZIP code.
All Homes
$236,442
Bottom Tier
$164,216
Forecast
12-Month Home Value Forecast for 47708
Zillow projects home values in 47708 will increase 1.0% over the next year, reaching approximately $238,806.
Current Value
$236,442
Projected Change
+1.0%
▲ 1.0%
Projected Value
$238,806
Source: Zillow Home Value Forecast (ZHVF). Forecasts are not guarantees.
Data Sources and Methodology
Home value data for ZIP code 47708 comes from the Zillow Home Value Index (ZHVI), updated monthly. ZHVI measures the typical home value using Zillow's automated valuation model, smoothed and seasonally adjusted.
This report was last updated February 2026. Data is refreshed on the 17th of each month.
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