ZIP 47714 - 860Z200US47714 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 47714, located in the Evansville, Indiana area, this demographic and housing snapshot offers a clear picture of the community in 2023. With a population of over 33,000 and a mix of housing options, this area presents unique opportunities for homebuyers, real estate investors, small-business owners, and analysts. Let’s dive into the latest data to help you make informed decisions about living, working, or investing in ZIP 47714.

Population & Households

ZIP 47714 is home to 33,148 residents, making it a moderately sized community with a diverse population base. This area supports 14,155 households, reflecting a strong residential presence. With 16,040 total housing units, there’s a notable inventory of homes, though not all are occupied, suggesting potential availability for new residents or investors looking for properties to develop or rent.

Income & Housing Costs

The median household income in ZIP 47714 stands at $54,614, which indicates a stable economic base for many families and individuals. This income level can support a comfortable lifestyle in an area where housing costs are relatively affordable. The median house value is $124,800, making homeownership accessible for many prospective buyers compared to national averages. For renters, the median rent is $951 per month, offering a cost-effective alternative to buying, especially for those testing the waters in this community.

These figures suggest that ZIP 47714 strikes a balance between affordability and opportunity, whether you’re looking to buy a home, invest in property, or establish a business with reasonable overhead costs.

Race & Ethnicity

The demographic makeup of ZIP 47714 reflects a diverse yet predominantly white community. Approximately 70.89% of residents identify as white, followed by 17.33% as Black, 5.59% as Hispanic, and 1.14% as Asian. This diversity can enrich the cultural fabric of the area, offering a blend of perspectives and experiences. For businesses, this mix may translate into varied customer needs and opportunities to cater to different cultural preferences. For residents, it means a community with a range of social and cultural activities to engage in.

Key Facts

• Total population: 33,148 residents in ZIP 47714 as of 2023.
• Total households: 14,155, supporting a robust residential community.
• Total housing units: 16,040, with potential availability for new occupants.
• Median household income: $54,614, reflecting economic stability.
• Median house value: $124,800, an affordable entry point for homebuyers.
• Median rent: $951, offering cost-effective options for renters.
• Racial composition: 70.89% white, 17.33% Black, 5.59% Hispanic, 1.14% Asian.

What This Means for You

For homebuyers, ZIP 47714 offers an affordable housing market with a median home value of $124,800, well within reach for many budgets. The reasonable median rent of $951 also makes this area attractive if you’re not ready to buy. The population size and diversity suggest a vibrant community with access to local amenities and social opportunities.

For investors and real estate agents, the gap between total housing units (16,040) and occupied households (14,155) hints at potential vacancies or underutilized properties. This could mean opportunities for rental investments or flipping homes in a market where demand may grow as the population stabilizes or increases. The median income of $54,614 indicates that residents have purchasing power, supporting rental stability.

For small-business owners, the diverse demographic profile and solid household income provide a promising customer base. Whether you’re opening a retail store, restaurant, or service-based business, the cultural mix and population density of 33,148 can help you tailor offerings to a varied audience while keeping operational costs manageable with affordable commercial rents.

For analysts, these metrics offer a baseline for deeper research into economic trends, housing demand, and community growth potential in ZIP 47714. The data points to a stable, diverse area with room for development.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 47714? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date metrics on population, income, housing, and more, tailored to your needs.
• Use the insights to make informed decisions, whether you’re buying a home, investing, or planning a business venture.