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Vincennes, IN—47591

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$171,000
4.0% YoY Growth
Household Income
$57,900
28.3% YoY Growth
Days on Market
57
3.0% Shorter YoY
Home Price Forecast
2.0%
Median Rent
$961
0.0% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
$1,350
42.9% YoY Growth
3-Bed Rent
$943
29.1% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Vincennes, IN

As of May '26, the median home price in Vincennes, IN is $171,000, with a year-over-year change of 4.0%. This indicates that home prices in Vincennes, IN are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$171,0004.0%
Single Family $170,0004.3%
Condos $253,0007.7%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $78,000
    2.6%
    2 Bed
    		$113,0001.8%
    3 Bed
    		$199,0005.3%
    4 Bed
    		$270,0005.1%
    5 Bed $307,5604.7%
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    % of Housing Stock

    Studio
    1.7%
    1 Bedroom
    13.1%
    2 Bedrooms
    33.6%
    3 Bedrooms
    38.5%
    4 Bedrooms
    11.1%
    5+ Bedrooms
    2.1%

    Rental Trends — Vincennes, IN

    As of July '25, Rentcast reports the average rent in Vincennes, IN is $1,170, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Vincennes, IN is 2-bedrooms: $1,220, 3-bedrooms: $943. The most common rental property sizes in Vincennes, IN are 2-bedroom and 1-bedroom, accounting for 43.8% and 26.5% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$961$1,170
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent $1,350$1,220
    3 Bed Rent $943$943
    4 Bed Rent N/AN/A
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    % of Rental Stock

    Studio
    5.0%
    1 Bedroom
    26.5%
    2 Bedrooms
    43.8%
    3 Bedrooms
    19.4%
    4 Bedrooms
    4.8%
    5+ Bedrooms
    0.5%

    Property Listings — Vincennes, IN

    As of May '26, Realtor.com reports that the median days on market for a home in Vincennes, IN is 57. This is a decrease of -3.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 34.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$160,000-18.0%
    Listing Count
    		70-9.0%
    Listings as % of Homes0.3%-9.0%
    Days on Market
    		57-3.0%
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    Demographics — Vincennes, IN

    As of the latest ACS Survey released in 2023, Vincennes, IN has a population of 25,200, which has remained stable by -0.9% over the past 5 years. Vincennes, IN is a moderately popular place for families, as children make up 21.3% of the population. The area has a poorly educated workforce, with 20.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 1.8% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		25,200-0.9%
    % Under 18
    		21.3%6.0%
    % Seniors
    		18.2%9.0%
    % WFH
    		1.8%12.5%
    % w/ College Degree
    		20.3%18.0%
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    As of the latest ACS Survey released in 2023, Vincennes, IN is a predominantly white area, with 88.5% of the population identifying as white. The white population has shrunk by 2.6% in the last 5 years. The second most common race or ethnicity in Vincennes, IN is hispanic, making up 3.4% of the population. Foreign-born residents account for 2.7% of the population in Vincennes, IN, and this percentage has increased by 92.9% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		88.5%-2.6%
    % Black
    		2.3%-45.2%
    % Hispanic
    		3.4%70.0%
    % Asian
    		1.2%9.1%
    % Foreign Born
    		2.7%92.9%
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    Mortgage and Risk — Vincennes, IN

    According to HUD data as of 2023, there were 340 mortgage originations in Vincennes, IN, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Vincennes, IN. Investor activity is low, as 2.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		340
    % Conventional Loans
    		78.0%
    % Government Loans
    		22.0%
    % Investor Loans
    		2.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		16.0%
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    Rentals and Section 8 — Vincennes, IN

    Vincennes, IN lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		991
    Total Units Section 8
    		648
    % Rentals under Section 8
    		N/A
    % Occupied Section 8
    		78.2%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$720
    2 Bedroom-$400$1,350$950
    3 Bedroom$227$943$1,170
    4 BedroomN/AN/A$1,260

    Affordability — Vincennes, IN

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.5
    Median Home Price$171,000
    Median Household Income$57,900

    Vincennes, IN — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    47640

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    Frequently Asked Questions