Evansville, IN—47708
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Evansville, IN
As of Oct '25, the median home price in Evansville, IN is $242,000, with a year-over-year change of 3.1%. This indicates that home prices in Evansville, IN are increasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $242,000 | 3.1% |
| Single Family | N/A | N/A |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Evansville, IN
As of July '25, Rentcast reports the average rent in Evansville, IN is $1,030, with a year-over-year rent change of -34.8%. Per bedroom, the median rent as of July '25 in Evansville, IN is studios: $738, 1-bedrooms: $1,060, 2-bedrooms: $1,800, 3-bedrooms: $1,000. The most common rental property sizes in Evansville, IN are 1-bedroom and 3-bedroom, accounting for 60.2% and 16.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $939 | $1,030 |
| Studio Rent | $800 | $738 |
| 1 Bed Rent | $939 | $1,060 |
| 2 Bed Rent | $1,800 | $1,800 |
| 3 Bed Rent | $1,000 | $1,000 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Evansville, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Evansville, IN is 39. This is a decrease of -52.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $390,000 | 11.0% |
Listing Count | 4 | 275.0% |
| Listings as % of Homes | 0.6% | 275.0% |
Days on Market | 39 | -52.0% |
Demographics — Evansville, IN
As of the latest ACS Survey released in 2023, Evansville, IN has a population of 636, which has increased by 93.3% over the past 5 years. Evansville, IN is a less popular place for families, as children make up 0.6% of the population. The area has a highly educated workforce, with 45.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 636 | 93.3% |
% Under 18 | 0.6% | -95.8% |
% Seniors | 13.5% | -48.9% |
% WFH | 14.1% | -10.8% |
% w/ College Degree | 45.7% | 18.7% |
As of the latest ACS Survey released in 2023, Evansville, IN is a predominantly white area, with 88.2% of the population identifying as white. The white population has shrunk by 7.8% in the last 5 years. The second most common race or ethnicity in Evansville, IN is asian, making up 6.6% of the population. Foreign-born residents account for 7.7% of the population in Evansville, IN, and this percentage has increased by Inf% 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 | 88.2% | -7.8% |
% Black | 2.5% | -41.9% |
% Hispanic | 0.0% | N/A |
% Asian | 6.6% | ∞% |
% Foreign Born | 7.7% | ∞% |
Mortgage and Risk — Evansville, IN
According to HUD data as of 2023, there were 6 mortgage originations in Evansville, IN, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Evansville, IN. Investor activity is low, as 0.0% of loans were by investors. 0.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 6 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 0.0% |
Loan Activity
Rentals and Section 8 — Evansville, IN
Evansville, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 16 |
Total Units Section 8 | 16 |
% Rentals under Section 8 | 5.3% |
% Occupied Section 8 | 77.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $61 | $939 | $1,000 |
| 2 Bedroom | -$510 | $1,800 | $1,290 |
| 3 Bedroom | $590 | $1,000 | $1,590 |
| 4 Bedroom | N/A | N/A | $1,800 |
Affordability — Evansville, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $242,000 |
| Median Household Income | $55,400 |