ZIP 47708 Housing Market & Real Estate Update (Evansville, IN) — February 24, 2026
47708 – February 24, 2026 – ZIP 47708 (Evansville) snapshot: values steady, sales mixed, a few downtown listings, and zoning items to watch.
ZIP 47708 sits in downtown Evansville (Vanderburgh County, Indiana). Market signals are mixed right now: home values look fairly flat year-over-year, while recent closed-sale stats can swing sharply because the ZIP is small and monthly sale counts are low.
Top takeaways
- Zillow’s typical home value for 47708 is $237,309, up 0.4% year-over-year (data through Jan. 31, 2026).
- Redfin shows a December 2025 median sale price around $205K for the ZIP, with long marketing times (108 days) and only 1 sale recorded for the month.
- Listings remain thin: Realtor.com shows 2 active listings in 47708, while Redfin shows 4 (different data feeds and filters).
- Downtown momentum to watch: a riverfront ‘River Vision’ update and a proposed church-to-apartments conversion could affect future rental supply and nearby property demand.
Market snapshot
Zillow’s ZIP-level index suggests values have been stable over the past year, which can be a useful anchor for owners and long-term buyers. Redfin’s sale metrics for late 2025 point to softer pricing and slower turn times, but with such a small number of monthly transactions, one or two closings can move the median a lot. If you’re pricing a condo or rehab downtown, recent comparable sales (not just ZIP medians) matter.
Mortgage rates (national benchmark)
Freddie Mac’s Primary Mortgage Market Survey (PMMS) showed the average 30-year fixed rate at 6.01% as of Feb. 19, 2026 (down from 6.09% the prior week). The average 15-year fixed rate was 5.35%. Even small weekly moves like this can change affordability for first-time buyers and refinance math for owners.
Development & zoning watch
Local outlets reported an Ohio Riverfront ‘River Vision’ planning update on Feb. 11, 2026, with refreshed concepts aimed at upgrading the Evansville riverfront experience. Separately, a proposal filed with the Evansville-Vanderburgh County Area Plan Commission would repurpose the former St. Paul’s UCC property into a 62-unit apartment project; that petition was expected for discussion at the Feb. 5 APC meeting per reporting in late January. Keep an eye on upcoming APC/BZA agendas if you’re buying near the core or investing in rentals.
What’s for sale nearby (no addresses)
Current options in 47708 skew toward downtown-style living (condos/lofts) and a small handful of higher-end units; inventory is limited enough that buyers may need to expand the map to adjacent Evansville ZIPs for more single-family choices. For sellers, low inventory can help well-prepped listings stand out, but buyers are still rate-sensitive and often negotiate on condition.
ServiceXTC local pros
ServiceXTC’s directory did not surface verified provider pages specifically tagged to 47708 in today’s pass. If you’re a local contractor who supports downtown Evansville projects (inspections, roofing, HVAC, plumbing, remodels), getting listed helps residents find you faster.
What are you seeing right now in 47708: more condo interest, more rentals, or more price cuts?
Sources
- Zillow (47708 home values)
- Redfin (47708 housing market + active listings)
- Realtor.com (47708 active listings)
- Freddie Mac PMMS (weekly mortgage rates)
- 14 News (Evansville River Vision update; church-to-apartments proposal)
- Evansville-Vanderburgh County Area Plan Commission (meeting info)