Evansville, WI—53536
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Evansville, WI
As of Oct '25, the median home price in Evansville, WI is $369,000, with a year-over-year change of 4.3%. This indicates that home prices in Evansville, WI are increasing. According to Zillow, the 1-year price projection is 3.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $369,000 | 4.3% |
| Single Family | $373,000 | 4.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $250,000 | 5.0% |
3 Bed | $348,000 | 5.5% |
4 Bed | $393,000 | 3.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Evansville, WI
As of July '25, Rentcast reports the average rent in Evansville, WI is $1,010, with a year-over-year rent change of -15.8%. Per bedroom, the median rent as of July '25 in Evansville, WI is 1-bedrooms: $850, 2-bedrooms: $1,180. The most common rental property sizes in Evansville, WI are 2-bedroom and 1-bedroom, accounting for 49.8% and 27.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $850 | $1,010 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $850 | $850 |
| 2 Bed Rent | $1,180 | $1,180 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Evansville, WI
As of Oct '25, Realtor.com reports that the median days on market for a home in Evansville, WI is 59. This is a increase of 17.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $432,000 | 18.0% |
Listing Count | 27 | -6.0% |
| Listings as % of Homes | 0.6% | -6.0% |
Days on Market | 59 | 17.0% |
Demographics — Evansville, WI
As of the latest ACS Survey released in 2023, Evansville, WI has a population of 9,450, which has increased by 8.3% over the past 5 years. Evansville, WI is a moderately popular place for families, as children make up 23.0% of the population. The area has a moderately educated workforce, with 32.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,450 | 8.3% |
% Under 18 | 23.0% | -13.2% |
% Seniors | 15.5% | 1.3% |
% WFH | 9.9% | 70.7% |
% w/ College Degree | 32.7% | 32.4% |
As of the latest ACS Survey released in 2023, Evansville, WI is a predominantly white area, with 94.5% of the population identifying as white. The white population has shrunk by 1.3% in the last 5 years. The second most common race or ethnicity in Evansville, WI is hispanic, making up 2.0% of the population. Foreign-born residents account for 0.9% of the population in Evansville, WI, and this percentage has increased by 12.5% 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 | 94.5% | -1.3% |
% Black | 0.5% | 66.7% |
% Hispanic | 2.0% | -25.9% |
% Asian | 0.2% | 100.0% |
% Foreign Born | 0.9% | 12.5% |
Mortgage and Risk — Evansville, WI
According to HUD data as of 2023, there were 275 mortgage originations in Evansville, WI, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Evansville, WI. Investor activity is low, as 1.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 275 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Evansville, WI
Evansville, WI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 104 |
Total Units Section 8 | 104 |
% Rentals under Section 8 | 12.3% |
% Occupied Section 8 | 88.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$10 | $850 | $840 |
| 2 Bedroom | -$80 | $1,180 | $1,100 |
| 3 Bedroom | N/A | N/A | $1,440 |
| 4 Bedroom | N/A | N/A | $1,460 |
Affordability — Evansville, WI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $369,000 |
| Median Household Income | $83,900 |