The story of this market
The typical home in Evansville, Indiana sells for about $167,000, or $119 per square foot.
Prices are down 2.8% from a year ago, which gives buyers more room to negotiate. Homes take about 51 days to sell. HUD's fair market rent for a two-bedroom is $1,200 a month.
Monthly price momentum
Home values since 2015
+4.7%
IN · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Evansville, Indiana
The Evansville housing market is currently characterized by moderate activity with a median sale price of $167,000. While year-over-year prices have seen a slight decline, the market remains somewhat competitive for buyers. Data gaps exist regarding specific tax rates and income metrics at the city level, which should be considered when evaluating investment risk.
No ARED county foreclosure postings attributed to Evansville yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: median price diverges 18.3% from the nearest retained anchor (prior refresh cycle) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict.
Deterministic aggregate of 10 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved down 0.4% year over year.
Homes spend a median of 51 days on market with 1.9 months of supply — a fast-moving market.
23% of listings have cut prices · homes sell at 98.75% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) — a stable, low-distress profile.
- Urban Air Trampoline and Adventure Park3.84.2 mi
- Sky Zone Trampoline Park4.44.4 mi
- Burgh House & Family Entertainment Center4.49.5 mi
- Chuck E. Cheese4.34.4 mi
- Elite Air Evansville Trampoline Park4.55.4 mi
- Ford Center4.40.2 mi
- Old National Events Plaza4.50.3 mi
- Ellis Park Racing & Gaming4.24.2 mi
- Golden Corral Buffet & Grill4.35.9 mi
- COMFORT by the Cross-Eyed Cricket4.40.1 mi
- Mesker Park Zoo4.32.6 mi
- Burdette Park4.54.3 mi
- Showplace Cinemas Evansville East 204.44.4 mi
- AMC Evansville 164.33.9 mi
- Angel Mounds State Historic Site4.46.7 mi
- Angel Mounds State Historic Site4.46.7 mi
- John James Audubon State Park4.56.2 mi
- Children's Museum of Evansville4.40.1 mi
- Evansville Museum of Arts, History and Science4.50.5 mi
- USS LST-3254.80.5 mi
- Mesker Park Zoo4.32.6 mi
- Burdette Park4.54.3 mi
- Deaconess Sports Park EVV4.56 mi
- Angel Mounds State Historic Site4.46.7 mi
- John James Audubon State Park4.56.2 mi
- French Island Marina and Boat Club4.620.9 mi
- Walther's Golf & Fun4.51.9 mi
- Victoria National Golf Club4.812.4 mi
- Cambridge Golf Course and Event Center4.512.6 mi
- Quail Crossing Golf Club413.9 mi
- The Bridges Golf Course of Henderson4.17 mi
- Eastland Mall4.24.2 mi
- Meijer4.34.6 mi
- Ross Dress for Less4.34.7 mi
- Rural King4.33.1 mi
- T.J. Maxx4.35.5 mi
- Evansville Regional Airport4.35.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A central feature of the city providing recreational space and scenic views that anchor downtown development.
A large municipal park featuring nature trails and recreational facilities that serve as a primary green space for residents.
A cultural anchor in the city offering arts and history exhibits that contribute to the local quality of life.
The primary regional shopping destination serving the city and surrounding areas.
Evansville is well-suited for family buyers and first-time homeowners seeking affordability in a mid-sized Midwestern city. Its stable, lower-cost housing stock also attracts long-term investors looking for consistent rental demand, while the city's amenities cater to those who prefer a slower-paced, community-focused lifestyle.
The city is served by a network of regional highways and is home to the Evansville Regional Airport, facilitating connectivity for both business and leisure travel.
The rental market shows a vacancy rate of approximately 9.5 percent, reflecting a slight tightening from previous periods. Median asking rents are currently around $1,200 per month, with demand supported by a mix of local workforce and student populations.
The local economy is anchored by healthcare, manufacturing, and education sectors. Major employers include regional health systems and manufacturing facilities that provide a stable employment base.
Ongoing downtown revitalization efforts remain the primary focus of the city's development pipeline, aimed at enhancing urban density and commercial activity.
The city is served by the Evansville Vanderburgh School Corporation, which manages public education across the municipality.
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.
Data retrieved from U.S. Census Bureau QuickFacts and profile pages.
The federal school roster could not be retrieved on the last refresh — no list is shown rather than an unverified one. Source: NCES EDGE public school locations 2023-24.