ZIP Code · IN

ZIP 47715

Part of Evansville, IN

Pop. 29,280·Vanderburgh County·96th most expensive ZIP in Indiana

Median rent (all units)

$1,198/mo

Year-over-Year

Stable

Month-over-Month

+1.3%

vs US Median

-$734

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 47715 · $1,198

More affordable than 91% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$950

1 BR

$960

2 BR

$1,240

3 BR

$1,530

4 BR+

$1,710

Research median

$1,240/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

What a typical income covers

30% of the median household income ($60,897) is $1,522 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,240); a 3-bedroom is $1,530.

Rank in Evansville

6th cheapest of 6 ZIP codes in Evansville.

Cheaper nearby

ZIP 47714, 3 miles away, rents for 13% less ($1,046/mo), about $1,800 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 47715. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$14,376/yr

At $1,198/mo median

Location

CityEvansville

StateIN

CountyVanderburgh County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (0.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+0.0% YoY, +1.3% MoM), not inventory.

Demographics

Who lives here

ZIP 47715 (Evansville, IN) is roughly split between renters and owners, has a large retiree population, has a median income below the national average, 29.1% of residents hold a bachelor's degree or higher.

Population

29,280

Median income

$60,897

Median age

39.1

Renters

50.4%

Age distribution

21.6%

21.3%

24.4%

21%

Under 1821.6%

18–3421.3%

35–5424.4%

55–6411.7%

65+21%

Gender

45%

55%

Male45%

Female55%

Race & ethnicity

76.1%

White76.1%

Black10.4%

Hispanic5.8%

Asian2.2%

Other5.5%

Education (25+)

26.8%

37.9%

29.1%

No HS diploma6.2%

HS diploma26.8%

Some college37.9%

Bachelor's+29.1%

Housing tenure

49.6%

50.4%

Owner49.6%

Renter50.4%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 47715 in Evansville, IN has changed in 5 years

Income

$52,645 → $60,897

up 15.7%

Population

27,170 → 29,280

up 7.8%

Renter share

49.5% → 50.4%

+0.9 pts

Bachelor's+

33% → 29.1%

-3.9 pts

Median age

38.5 → 39.1

+0.6 yrs

Census figures show median household income at $60,897 today, compared with $52,645 five years earlier. Headcount in the area went from 27,170 to 29,280 between 2021 and 2024, a 7.8% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher slipped from 33% to 29.1%.

Community

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Local insights

Tips for renters in ZIP 47715

About renting in ZIP 47715

Last updated: October 17, 2026

ZIP code 47715 covers Evansville, IN. The median rent here is $1,198/mo as of October 2026. A 1-bedroom rents for a median of $960/mo. A 2-bedroom rents for a median of $1,240/mo.

At 24% of local median household income ($60,897/yr), ZIP 47715 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 47715?

To keep rent at or below 30% of gross income, you would need to earn at least $48,000/year (about $23/hour full-time) to afford the median rent of $1,198/mo in ZIP 47715. The local median household income is $60,897/yr, so the typical household meets that bar.