Market Intelligence · IN / Evansville

Evansville, IN 47708 Housing Market

The typical home in Evansville's 47708 ZIP is valued at $230,389, down 3.3% over the past year. As of September 2026, the median list price sits at $179,950, with homes spending a median of 53 days on the market.

Updated September 2026Median value$230K

The median home value in Evansville, IN 47708 is $230K as of September 2026, down 3.3% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 47708 range

$212K to $249K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

-3.3% over 12 months

Sep 2025$238K

Low $230KHigh $238K

Sep 2026$230K

The numbers

What is the 47708 housing market like?

As of September 2026

Typical home value

$230K

3.3%YoY

Median list price

$180K

28.0%MoM

Days on market

6.0%MoM

Homes for sale

33.3%MoM

Price cuts

0.0%

New listings

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

47708 housing market forecast 2027

+0.8%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 47708 to rise 0.8% by September 2027.

Over the 12 months through September 2026, typical home values in 47708 fell 3.3%, per the Zillow Home Value Index.

Will home prices drop in 47708?

Zillow's forecast does not call for a drop: it expects typical home values in 47708 to rise 0.8% by September 2027, after a 3.3% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 47708 home prices compare?

47708$230,389
Evansville$209,638
Indiana$233,780
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Evansville: 9 ZIPs; Indiana: 697 ZIPs; United States: 26,262 ZIPs).

Context

The 47708 market is thin right now. Only 2 homes are currently for sale, which limits options for buyers and suggests a lack of active inventory in this area. Homes are staying on the market for 53 days on average, a moderate timeline that reflects neither brisk nor sluggish movement. None of the current listings have had a price cut. For a seller, the softening in home values over the past year is the bigger picture to consider, even as days-on-market figures stay reasonable.

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Down payment20% · $46,078

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Common questions

What people ask us.

What is the typical home value in 47708?

The typical home in the 47708 ZIP is valued at $230,389 as of September 2026, down 3.3% over the past year.

How many homes are for sale in 47708 right now?

As of September 2026, there are 2 homes for sale in the 47708 area.

How long do homes typically stay on the market in 47708?

The median time on market for homes in 47708 is 53 days as of September 2026.

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