The story of this market
The typical home in ZIP 47648 sells for about $241,000, or $128 per square foot.
Prices are up +17.7% from a year ago, so sellers still have some momentum. Homes take about 42 days to sell. HUD's fair market rent for a two-bedroom is $882 a month.
ZIP 47648 — Fort Branch
The 47648 housing market shows resilience with rising prices and competitive conditions, though inventory remains tight. Growth is supported by regional manufacturing stability, but the market remains sensitive to affordability constraints and requires careful underwriting for investors.
This ZIP is best suited for local workers and families seeking affordable entry-level housing, as well as experienced investors prepared for the management requirements of a smaller, older housing market.
Median prices moved up 17.7% year over year.
Homes spend a median of 42 days on market with 3.6 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.8% · poverty 13.3% — 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 8.6%/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 7.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 47648, Gibson 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 Fort Branch remain relatively low compared to regional averages, with property crime being the primary concern for local law enforcement.
Schools serving the area are part of the South Gibson School Corporation, which generally maintains stable performance ratings within the state framework.
The area faces moderate risk from severe thunderstorms and occasional flooding in low-lying zones, with standard insurance coverage recommended for property owners.
Economic momentum is driven by proximity to regional manufacturing hubs in Gibson County, though new residential development remains modest and steady.
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 by car to nearby employment centers in Evansville or Princeton, with typical drive times ranging from 20 to 30 minutes.
Local amenities include small community parks and proximity to regional outdoor recreation areas, with basic retail and dining options available within the town center.
The rental market is characterized by steady demand from local workers, though investors should account for potential delinquency risks and the need for active property management.
The local economy is anchored by manufacturing and agricultural support services, with significant employment ties to the broader Gibson County industrial base.
Transportation is heavily reliant on personal vehicles, with US-41 serving as the primary corridor for regional connectivity.
Development is currently focused on small-scale residential infill and maintenance of existing infrastructure rather than major new commercial projects.
The Gibson County Assessor manages property valuations, typically conducting cyclical reassessments to align with market value trends.
Parcels are served by the South Gibson School Corporation and local utility districts providing water and sewage services.
Property insurance premiums are influenced by regional weather patterns, with standard coverage generally available for residential properties.
Net domestic migration has been relatively flat, with modest turnover in the local population base.
Indiana is a judicial foreclosure state, requiring court intervention for the foreclosure process, which typically extends the timeline for lenders.
Sellers are required to provide a standard residential real estate disclosure form detailing the condition of the property at the time of sale.
Data retrieved from data.census.gov for ZCTA 47648.
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.
- Urban Air Trampoline and Adventure Park3.819.5 mi
- Sky Zone Trampoline Park4.419.8 mi
- Chuck E. Cheese4.319.4 mi
- Elite Air Evansville Trampoline Park4.517.2 mi
- Escape Evansville4.519.1 mi
- Ford Center4.419.9 mi
- Old National Events Plaza4.519.8 mi
- Golden Corral Buffet & Grill4.319.9 mi
- COMFORT by the Cross-Eyed Cricket4.420 mi
- Vanderburgh 4-H Center4.611.8 mi
- Polka Dots Play Cafe4.74.3 mi
- Showplace Cinemas Princeton 84.47.2 mi
- Lyles Station Historic School & Museum4.89.7 mi
- Children's Museum of Evansville4.419.9 mi
- USS LST-3254.819.9 mi
- Evansville Wartime Museum4.915.1 mi
- Old Vanderburgh County Courthouse4.519.8 mi
- Salvage Candy4.719.4 mi
- Blue Grass Fish & Wildlife Area4.712.6 mi
- Cambridge Golf Course and Event Center4.57.4 mi
- Oakland City Golf Club4.511.7 mi
- Schnucks Darmstadt4.511.3 mi
- Rural King4.27 mi
- Finders Keepers4.36.8 mi
- Ruler Foods4.56.8 mi
- Dollar General41.8 mi
- Evansville Regional Airport4.315 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Local park providing green space and recreational facilities for residents.
Regional anchor for community events and agricultural exhibitions.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.