The story of this market
The typical home in ZIP 47640 sells for about $165,000, or $112 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 48 days to sell. HUD's fair market rent for a two-bedroom is $1,150 a month.
ZIP 47640 — Hazleton
The housing market in 47640 remains stable with modest year-over-year price growth and low inventory levels. Demand is supported by local employment stability, though the market remains sensitive to broader regional economic trends.
This ZIP is well-suited for families and long-term residents seeking a quiet, affordable rural-suburban lifestyle with a lower cost of living compared to nearby urban centers.
Median prices moved up 2.4% year over year.
Homes spend a median of 48 days on market with 3.2 months of supply — a fast-moving market.
19% of listings have cut prices · homes sell at 97.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 8.4% · poverty 15.6% — a mixed stability 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 4.1%/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 4.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 47640, Spencer 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 this area are generally lower than the national average, with property crime being the most frequently reported incident type.
Local schools are primarily served by the North Spencer County School Corporation, which maintains a stable reputation for academic performance relative to regional benchmarks.
The area is subject to standard Midwestern weather risks, including seasonal thunderstorm activity and occasional high winds; flood risk is localized to specific low-lying areas near regional waterways.
Economic momentum is driven by proximity to regional manufacturing hubs and agricultural support services, with steady but modest infrastructure investment.
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.
Commuting is primarily car-dependent, with residents typically driving to nearby employment centers in the Evansville metropolitan area via state highway corridors.
The area offers access to local community parks, rural trail systems, and proximity to regional lakes and outdoor recreation areas suitable for fishing and boating.
The rental market is characterized by low vacancy pressure and steady demand from local workers, with limited new multi-family construction.
The local economy is anchored by manufacturing, agriculture, and regional service industries, with many residents commuting to the broader Evansville labor market.
Transportation is almost exclusively private vehicle-based, relying on state and county road networks for regional connectivity.
Development is primarily focused on small-scale residential infill and maintenance of existing infrastructure.
The Spencer County Assessor manages property valuations, utilizing a mass appraisal system consistent with Indiana state guidelines.
Parcels are subject to standard county and school district levies, with no significant MUD or PID presence.
Property insurance premiums are stable, reflecting the area's moderate risk profile for natural disasters.
Data retrieved from data.census.gov using ZCTA 47640 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.
- Ponderosa Steakhouse4.213.1 mi
- Tri State Speedway4.818.4 mi
- Gibson County Fairgrounds4.48.8 mi
- Red Skelton Performing Arts Center4.815.3 mi
- Azalea Path4.73.7 mi
- Prides Creek Park4.612.6 mi
- AMC CLASSIC Vincennes 84.212.9 mi
- Showplace Cinemas Princeton 84.410 mi
- Hornady Park4.710 mi
- Indiana Military Museum4.914.4 mi
- The Red Skelton Museum of American Comedy4.815.3 mi
- William Henry Harrison's Grouseland4.715.1 mi
- George Rogers Clark Memorial4.814.7 mi
- Lyles Station Historic School & Museum4.811.4 mi
- Azalea Path4.73.7 mi
- Prides Creek Park4.612.6 mi
- Hornady Park4.710 mi
- Oakland City Golf Club4.511.9 mi
- Rural King4.29.7 mi
- Finders Keepers4.39.5 mi
- Ruler Foods4.59.5 mi
- Dollar General49.5 mi
- Town Fair Shopping Center4.110 mi
- Evansville Regional Airport4.329.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major regional attraction offering hiking, camping, and historical significance.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.