Market Intelligence · IN / Evansville

Evansville, IN 47720 Housing Market

Homes in Evansville 47720 are worth a typical value of $273,440, up 4.9% over the past year. The median list price is $339,450, with homes spending a median of 27 days on market as of September 2026.

Updated September 2026Median value$273K

The median home value in Evansville, IN 47720 is $273K as of September 2026, up 4.9% 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 47720 range

$252K to $295K

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

+4.9% over 12 months

Sep 2025$261K

Low $261KHigh $273K

Sep 2026$273K

The numbers

What is the 47720 housing market like?

As of September 2026

Typical home value

$273K

4.9%YoY

Median list price

$339K

11.8%MoM

Days on market

35.7%MoM

Homes for sale

22.2%MoM

Price cuts

27.5%

31.2%MoM

New listings

100.0%MoM

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

The outlook

47720 housing market forecast 2027

+2.6%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 47720 to rise 2.6% by September 2027.

Over the 12 months through September 2026, typical home values in 47720 rose 4.9%, per the Zillow Home Value Index.

Will home prices drop in 47720?

Zillow's forecast does not call for a drop: it expects typical home values in 47720 to rise 2.6% by September 2027, after a 4.9% rise 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 47720 home prices compare?

47720$273,440
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

Values in 47720 have been climbing, with the typical home value at $274,030 and up 4.9% over the past year as of August 2026. There were 33 homes for sale as of September 2026, with 24 new listings added that month. Homes are moving in a median of 27 days, and 27.5% of listings have taken a price cut. That mix of rising values and frequent cuts suggests sellers are sometimes pricing above what buyers will pay. For a seller, pricing realistically from the start matters more than chasing the highest number.

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Down payment20% · $54,688

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Common questions

What people ask us.

How much is a home in 47720 worth?

The typical home value in Evansville 47720 is $273,440, up 4.9% over the past year as of September 2026.

What is the median list price in 47720?

The median list price is $339,450 as of September 2026.

How long do homes take to sell in 47720?

Homes in this ZIP spend a median of 27 days on market as of September 2026.

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