Why Live in Business 41
Business 41 is an Evansville neighborhood with a mix of homes, warehouses and businesses along U.S. Route 41. “One of the main selling points of that area is that it is close to everything,” says Aeson Mehrzad, a Realtor with Euphoric Development Partners. The highway intersects with some of Evansville’s main roads. Within minutes, residents can be walking the trails at Garvin Park or eating dinner at a restaurant in Downtown Evansville, about 3 miles away. U.S. Route 41 is also the road people take to one of several nearby major cities. Louisville, Kentucky, is about 115 miles away, while Indianapolis is about a 170-mile drive. Residential pockets break up the warehouses and businesses that fill the area. Homes have grassy front lawns that stretch to the street. While the highway can certainly be heard from some homes, just as many have a quiet environment. “In some homes, you can’t hear much of anything because you have so many trees,” Meherzad says. Most of the neighborhood is comprised of single-story houses built between the 1920s and 1960s, including ranch-styles, bungalows and minimal traditional cottages. There are also some manufactured homes. Prices generally fall
Frequently Asked Questions
Is Business 41 a good place to live?
Business 41 is a good place to live. Business 41 is considered car-dependent and somewhat bikeable. It has a median age of 39. The average household income is $60,595 which is below the national average. College graduates make up 14.6% of residents. A majority of residents in Business 41 are renters, with 63.9% of residents renting and 36.1% of residents owning their home. A
local real estate agent serving Business 41 can help you decide if this neighborhood is the right one for you. Learn more on our
Business 41 neighborhood guide.
Is Business 41, IN a safe neighborhood?
Business 41, IN is less safe than the average neighborhood in the United States. It received a crime score of 5 out of 10.
How much do you need to make to afford a house in Business 41?
The median home price in Business 41 is $330,900. If you put a 20% down payment of $66,200 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $1,720 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $74K a year to afford the median home price in Business 41. The average household income in Business 41 is $61K.
What are the best public schools in Business 41?
The best public schools that serve Business 41 are:
What are the best private schools in Business 41?
The best private schools that serve Business 41 are:
What are the most popular zip codes in Business 41, Evansville, IN?
What are the most popular neighborhoods near Business 41, Evansville, IN?
Are home prices dropping in Business 41?
Yes, home prices in Business 41 are down 58% in the last 12 months.
Home Trends in Business 41, IN
On average, homes in Business 41, Evansville sell after 352 days on the market compared to the national average of 70 days. The median sale price for homes in Business 41, Evansville over the last 12 months is $319,900, down 60% from the median home sale price over the previous 12 months.
Median Sale Price
$319,900
Median Single Family Sale Price
$654,439
Median Townhouse Sale Price
$319,900
Average Price Per Sq Ft
$264
Number of Homes for Sale
1
Last 12 months Home Sales
5
Median List Price
$330,900
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
-60%