The story of this market
The typical home in ZIP 47660 sells for about $149,500, or $98 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 62 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $921 a month.
ZIP 47660 — Oakland City
The housing market in 47660 remains stable with modest price appreciation and low inventory levels. Demand is supported by local employment and university-related housing needs, though the limited supply of new listings keeps sales volume constrained.
This ZIP is well-suited for budget-conscious family buyers, university-affiliated individuals, and those seeking a quiet, small-town lifestyle with affordable entry-level housing options.
Median prices moved up 2.4% year over year.
Homes spend a median of 62 days on market with 4.2 months of supply — a balanced-paced 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 3.7% · poverty 7.1% — 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 6.5%/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 4.9%/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 47660, 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 Oakland City remain generally low and consistent with rural Gibson County trends, with property crime being the primary concern compared to violent offenses.
The area is served by the East Gibson School Corporation, which maintains small class sizes and a community-focused educational environment at the primary and middle school levels.
The region faces moderate risk from severe thunderstorms and occasional flooding near low-lying areas, with standard insurance coverage typically sufficient for most residential properties.
Economic momentum is driven by local agricultural support, small-scale manufacturing, and the presence of Oakland City University, which serves as a regional anchor.
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 hubs in Princeton or Evansville, with travel times typically ranging from 20 to 40 minutes via state highways.
Local amenities include Wirth Park for outdoor activities and proximity to regional lakes for fishing and boating, with basic shopping and dining options located within the city center.
The rental market is characterized by low inventory and consistent demand from university students and local workers, keeping vacancy rates tight.
The local economy is anchored by Oakland City University and supported by regional agricultural operations and small-scale industrial employers in Gibson County.
Transportation is heavily reliant on personal vehicles, with State Road 64 serving as the primary corridor for regional connectivity.
Development is focused on small-scale residential infill and the ongoing maintenance of municipal infrastructure to support the existing population base.
The Gibson County Assessor manages property valuations, utilizing a mass appraisal system that is updated annually to reflect market changes.
Parcels are subject to East Gibson School Corporation taxes and standard municipal utility districts for water and sewage services.
Property insurance premiums are generally stable, though homeowners should account for standard Midwestern weather-related risks.
Indiana is a judicial foreclosure state, requiring court intervention for the foreclosure process.
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 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.
- Vanderburgh 4-H Center4.619.9 mi
- Tri State Speedway4.814.4 mi
- Gibson County Fairgrounds4.414.4 mi
- Prime Time North4.419.6 mi
- Interlake State Recreation Area4.68.5 mi
- Azalea Path4.711 mi
- Prides Creek Park4.612.6 mi
- Hornady Park4.712.3 mi
- Lyles Station Historic School & Museum4.818.8 mi
- Interlake State Recreation Area4.68.5 mi
- Azalea Path4.711 mi
- Prides Creek Park4.612.6 mi
- New Lake Campground4.61.1 mi
- Hornady Park4.712.3 mi
- Oakland City Golf Club4.52.5 mi
- Evansville Regional Airport4.321.4 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Local community park offering green space and recreational facilities.
Private university serving as a major cultural and educational anchor for the city.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.