Vincennes, IN—47591
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Vincennes, IN
As of Oct '25, the median home price in Vincennes, IN is $160,000, with a year-over-year change of 4.3%. This indicates that home prices in Vincennes, IN are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $160,000 | 4.3% |
| Single Family | $159,000 | 3.9% |
| Condos | $244,000 | 7.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $65,000 | -8.5% |
2 Bed | $103,000 | -2.8% |
3 Bed | $188,000 | 5.6% |
4 Bed | $259,000 | 5.7% |
| 5 Bed | $299,000 | 4.5% |
% of Housing Stock
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.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $961 | $1,170 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,350 | $1,220 |
| 3 Bed Rent | $943 | $943 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Vincennes, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Vincennes, IN is 55. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $178,000 | 1.0% |
Listing Count | 91 | -1.0% |
| Listings as % of Homes | 0.3% | -1.0% |
Days on Market | 55 | 1.0% |
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.
| Metric | Latest Census | YoY % 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% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $720 |
| 2 Bedroom | -$400 | $1,350 | $950 |
| 3 Bedroom | $227 | $943 | $1,170 |
| 4 Bedroom | N/A | N/A | $1,260 |
Affordability — Vincennes, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $160,000 |
| Median Household Income | $57,900 |