The story of this market
The typical home in ZIP 47615 sells for about $310,000, or $158 per square foot.
Prices are down 7.3% from a year ago, which gives buyers more room to negotiate. Homes take about 53 days to sell. HUD's fair market rent for a two-bedroom is $856 a month.
ZIP 47615 — Grandview
The housing market in 47615 remains stable with moderate inventory levels and consistent demand from local buyers. While year-over-year prices have seen a slight correction, the area continues to benefit from its reputation for quality schools and proximity to Evansville employment centers. Market activity is expected to remain steady as buyers adjust to current interest rate environments.
This ZIP is ideal for family buyers seeking high-quality schools and a suburban lifestyle, as well as commuters working in the Evansville metro area. It offers a balance of established residential neighborhoods and modern amenities, appealing to those looking for stability and community-focused living.
Median prices moved down 7.3% year over year.
Homes spend a median of 53 days on market with 3.2 months of supply — a fast-moving market.
33% of listings have cut prices · homes sell at 98.2% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.3% · poverty 4.9% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 47615, Warrick County IN
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in the area remain low compared to the broader Evansville metropolitan region, with property crime being the primary concern. Local law enforcement reports stable trends in public safety over the last fiscal year.
The area is served by highly-rated public schools within the Warrick County School Corporation, which consistently ranks among the top districts in Southwest Indiana for academic performance.
The region faces moderate risk from severe thunderstorms and occasional wind events, with specific flood-prone areas located near the Ohio River basin. Property insurance premiums have seen modest increases due to regional weather patterns.
Economic momentum is driven by proximity to the Evansville employment hub and ongoing residential expansion in the Newburgh-Warrick corridor. Major infrastructure projects focus on highway connectivity and utility capacity upgrades to support new housing developments.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Indiana) — Ad Valorem Property Assessment: Property is assessed at 100% of true tax value, determined by market-based assessment systems and annual adjustments. State (Indiana) — Standard Homestead Deduction: Removes the first $45,000 of the homestead's assessed value from taxation. State (Indiana) — Indiana Property Tax Caps (Circuit Breaker): Limits annual property tax liability to 1% of gross assessed value for principal residences, 2% for other residential property, and 3% for non-residential property.
Residents primarily commute via I-69 and SR 66 toward downtown Evansville, with average drive times ranging from 20 to 30 minutes. Public transit options are limited, making personal vehicle ownership essential for most commuters.
The area features extensive access to the Ohio River waterfront, local community parks, and several golf courses within a 3-mile radius. Shopping and dining are concentrated along the SR 66 corridor, providing convenient access to regional retail centers.
The rental market is characterized by low vacancy rates and consistent demand from young professionals and families. Short-term rental presence is minimal, with most inventory consisting of long-term single-family and multi-family units.
The local economy is anchored by healthcare, manufacturing, and logistics sectors in the greater Evansville area. Major employers include Deaconess Health System and various regional manufacturing plants.
The area is served by major highway corridors including I-69 and SR 66, facilitating regional travel. Infrastructure investment is focused on maintaining road quality and improving traffic flow at key intersections.
Development is focused on infill residential projects and commercial expansion along the SR 66 corridor. Local planning boards prioritize sustainable growth and the preservation of green space.
The Warrick County Assessor manages property valuations, utilizing annual market adjustments to ensure assessments reflect current sales data. The office provides transparency through public access to property records.
Parcels are subject to school district taxes, county general funds, and local municipal levies. Some areas may fall within specific utility or fire protection districts.
Property insurance remains stable, though homeowners are encouraged to maintain adequate coverage for wind and storm damage. Market health is considered robust with multiple national carriers active in the region.
Indiana has experienced modest net domestic migration gains, driven by affordability and job growth in regional hubs like Evansville.
Indiana is a judicial foreclosure state, requiring court intervention for the foreclosure process. Borrowers have specific rights to cure defaults before final judgment.
Sellers are required to provide a comprehensive disclosure form detailing the condition of the property, including known defects, at the time of listing.
Data retrieved from data.census.gov using ZCTA 47615 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Holiday World & Splashin' Safari4.611.5 mi
- Elite Air Owensboro4.218.3 mi
- Owensboro Convention Center4.515.3 mi
- Owensboro Sportscenter4.316.3 mi
- The Patio Steak House4.511.8 mi
- Bluegrass Music Hall of Fame & Museum4.815.3 mi
- RiverPark Center4.615.1 mi
- Holiday World & Splashin' Safari4.611.5 mi
- Lincoln State Park4.710.2 mi
- Holiday Drive-In Theatre4.89.2 mi
- Lincoln Boyhood National Memorial4.810.7 mi
- Santa Claus Museum & Village4.711.1 mi
- Owensboro Sportscenter4.316.3 mi
- Lincoln Boyhood National Memorial4.810.7 mi
- Bluegrass Music Hall of Fame & Museum4.815.3 mi
- Abraham Lincoln Boyhood Home and National Museum4.810.7 mi
- Santa Claus Museum & Village4.711.1 mi
- Lincoln State Park4.710.2 mi
- Lincoln Boyhood National Memorial4.810.7 mi
- Yellow Creek Park4.611.6 mi
- Vastwood Park4.710 mi
- Lincoln State Park, Campground Shelter4.610.1 mi
- The Pearl Club4.611 mi
- The Rustic Golf Course & Country Club4.38.3 mi
- Dollar General4.111.3 mi
- Kringle Place4.611.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Large community park with trails and recreational facilities.
Private golf and social club serving the local area.
Scenic walking and biking path along the riverfront.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.