ZIP 47715 - 860Z200US47715 — Demographic Snapshot (2023)

Overview

If you're considering ZIP code 47715 for your next home, investment property, or business location, understanding the area's demographic and housing landscape is essential. Located in the Evansville, Indiana area, this ZIP code offers a mix of suburban appeal and economic opportunity. With data from 2023, this snapshot provides a clear picture of the population, income levels, housing market, and racial composition. Whether you're a homebuyer, real estate investor, small-business owner, or analyst, these insights will help you make informed decisions about living or working in 47715.

Population & Households

ZIP 47715 is home to a population of 28,476 residents as of 2023. This sizable community is spread across 13,485 households, indicating a mix of family and individual living arrangements. The total number of housing units stands at 14,451, suggesting a slight surplus of available homes or rentals compared to occupied households. This could point to opportunities for buyers or renters looking for options in a moderately populated area with room for growth.

Income & Housing Costs

The median household income in ZIP 47715 is $59,821, reflecting a stable economic base for many residents. This income level supports a housing market where the median home value is $191,900, making it a relatively affordable option for homebuyers compared to national averages. For renters, the median rent is $1,009 per month, which aligns with the income levels and offers a viable alternative to homeownership. These figures suggest that 47715 strikes a balance between affordability and quality of living, appealing to a range of budgets.

Race & Ethnicity

The demographic makeup of ZIP 47715 is predominantly White, with 74.21% of the population identifying as such. Black residents make up 12.58%, while Asian residents account for 2.07%. Additionally, 5.97% of the population identifies as Hispanic. This diversity, while not as pronounced as in larger urban centers, contributes to a community with varied cultural perspectives. For businesses and investors, this mix can inform marketing strategies or community engagement efforts tailored to the area's residents.

Key Facts

• Total population in ZIP 47715: 28,476 residents in 2023.
• Total households: 13,485, with 14,451 total housing units available.
• Median household income: $59,821, supporting a stable local economy.
• Median home value: $191,900, offering affordability for potential buyers.
• Median rent: $1,009 per month, a reasonable cost for renters.
• Racial composition: 74.21% White, 12.58% Black, 2.07% Asian, 5.97% Hispanic.

What This Means for You

For homebuyers, ZIP 47715 presents an attractive opportunity with median home values at $191,900, which is accessible for many given the median household income of $59,821. The slight surplus of housing units (14,451 total versus 13,485 households) may also mean less competition when searching for a property. If you're a renter, the median rent of $1,009 fits within a reasonable budget for the area’s income levels, making it a practical choice.

For real estate investors and agents, the data suggests potential in both buying and renting markets. The availability of housing units could indicate room for flipping properties or securing rental investments, especially with a steady population of over 28,000 to draw from. Keeping an eye on local demand and economic trends will be key to maximizing returns in 47715.

For small-business owners, the diverse yet predominantly White population, combined with a solid median income, points to a community with disposable income for goods and services. Tailoring offerings to the cultural mix—while focusing on the needs of the majority—can help establish a loyal customer base. The population size also supports a local market large enough to sustain small enterprises.

For analysts, these metrics provide a baseline for deeper research into economic stability, housing trends, and demographic shifts in ZIP 47715. Comparing this data with surrounding areas or historical trends could uncover growth patterns or investment risks worth exploring.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 47715? Start by visiting ZipcodeGPT for a user-friendly platform to access detailed demographic and housing data.
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• Use the insights to make data-driven decisions for your home purchase, investment, or business strategy.