The story of this market
The typical home in ZIP 47638 sells for about $230,000, or $145 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 44 days to sell. HUD's fair market rent for a two-bedroom is $1,027 a month.
ZIP 47638 — Griffin
The 47638 housing market remains tight with very low active inventory, driving stable price appreciation. Demand is supported by local workforce needs and proximity to Evansville, though the limited supply restricts transaction volume.
This ZIP is well-suited for families and commuters seeking a quieter, rural-suburban lifestyle while remaining within reach of Evansville's major employment hubs.
Median prices moved up 2.1% year over year.
Homes spend a median of 44 days on market with 0.0 months of supply — a fast-moving market.
22% of listings have cut prices · homes sell at 98.6% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.6% · poverty 7.5% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 47638, 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, with South Terrace Elementary being a primary local institution.
The area maintains a rural-suburban character with proximity to the Evansville industrial and logistics corridor.
Property taxes are assessed by Posey County based on local millage rates; exemptions for homesteads are available under Indiana state law.
Residents primarily commute via I-64 and SR 65 toward the Evansville employment core, typically requiring 20-30 minutes.
Local amenities include proximity to rural parklands and the recreational offerings of the nearby Ohio River valley.
The rental market is characterized by low inventory and steady demand from local workforce households.
The local economy is anchored by regional manufacturing, logistics, and agricultural sectors centered around the Evansville metropolitan area.
Transportation is heavily reliant on private vehicle use via state highway corridors connecting to the broader Evansville metro network.
Development is primarily focused on low-density residential expansion and infrastructure maintenance.
The Posey County Assessor manages property valuations based on annual market adjustments and state-mandated assessment cycles.
Parcels are subject to local school district levies and county-wide special service districts.
Property insurance premiums are influenced by regional weather patterns and standard Midwestern hazard risk profiles.
Data retrieved from US Census Bureau ZCTA-level tables.
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 Park3.817.4 mi
- Sky Zone Trampoline Park4.417.7 mi
- Chuck E. Cheese4.317.5 mi
- Elite Air Evansville Trampoline Park4.517 mi
- Escape Evansville4.515.4 mi
- Ford Center4.413.9 mi
- Old National Events Plaza4.514 mi
- Ellis Park Racing & Gaming4.217.1 mi
- Golden Corral Buffet & Grill4.319 mi
- COMFORT by the Cross-Eyed Cricket4.413.8 mi
- Mesker Park Zoo4.311.3 mi
- Burdette Park4.511.9 mi
- AMC Evansville 164.310.4 mi
- Harmonie State Park4.68.3 mi
- Walther's Golf & Fun4.512.9 mi
- John James Audubon State Park4.517.8 mi
- Children's Museum of Evansville4.413.9 mi
- Evansville Museum of Arts, History and Science4.513.9 mi
- USS LST-3254.813.3 mi
- Evansville Wartime Museum4.914.2 mi
- Mesker Park Zoo4.311.3 mi
- Burdette Park4.511.9 mi
- Harmonie State Park4.68.3 mi
- Howell Wetlands4.512 mi
- Howell Park4.412.2 mi
- Walther's Golf & Fun4.512.9 mi
- Helfrich Golf Course4.211.3 mi
- Rural King4.311.3 mi
- Mayse Farm Market LLC4.610.9 mi
- Schnucks Evansville West4.510.9 mi
- Schnucks Evansville North4.412.5 mi
- Kohl's4.411 mi
- Evansville Regional Airport4.314.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Primary educational anchor for the local community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.