The story of this market
The typical home in ZIP 47620 sells for about $249,450, or $137 per square foot.
Prices are up +30.5% from a year ago, so sellers still have some momentum. Homes take about 78 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $805 a month.
ZIP 47620 — Mount Vernon
The Mount Vernon housing market shows strong price appreciation and low inventory, reflecting a tight supply-demand balance. While sales volume remains steady, the market is driven by local employment stability and limited new construction. Buyers should expect competitive conditions for well-priced properties.
This ZIP is well-suited for families and local workers seeking a small-town atmosphere with proximity to the broader Evansville employment market.
Median prices moved up 30.5% year over year.
Homes spend a median of 78 days on market with 1.0 months of supply — a fast-moving market.
25% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.0% · poverty 11.4% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 47620, Posey 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.
The area is served by the Metropolitan School District of Mount Vernon, which provides public education for the local community.
The region is subject to standard Midwestern weather risks, including potential flood exposure near the Ohio River and seasonal storm activity.
The local economy is anchored by industrial and agricultural sectors, with ongoing infrastructure maintenance supporting the Mount Vernon area.
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 highway corridors toward Evansville for employment, with typical drive times reflecting a rural-to-urban transition.
The area features access to the Ohio River for water-based recreation, local parks, and proximity to regional shopping and dining in Mount Vernon.
The rental market is characterized by steady demand from local workers, with limited inventory and moderate price growth.
The economy is driven by manufacturing, agriculture, and logistics, with significant industrial presence along the Ohio River.
The area is served by state highway networks connecting to the Evansville metropolitan area.
Development is focused on maintaining existing infrastructure and supporting local industrial growth.
The Posey County Assessor manages property valuations for tax purposes.
Parcels are subject to county, municipal, and school district levies.
Property insurance premiums are influenced by regional weather patterns and flood zone designations.
Data retrieved from Census Reporter and Data Commons for ZCTA 47620.
- West Side Nut Club Fall Festival4.719.6 mi
- Sportsman's Grille & Billiards4.419.5 mi
- Harmonie State Park4.610.4 mi
- Harmonist Labyrinth4.412.7 mi
- Riverbend Park4.63.3 mi
- Harmonie State Park4.610.4 mi
- Riverbend Park4.63.3 mi
- Sherburne Park4.33.3 mi
- Southwind Shopping Center4.14.5 mi
- Evansville Regional Airport4.324.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides regional recreational access and industrial transport.
Local green spaces serving the community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.