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Evansville, IN—47713

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$100,000
4.3% YoY Growth
Household Income
$37,400
40.8% YoY Growth
Days on Market
45
94.0% Longer YoY
Home Price Forecast
2.7%
Median Rent
$895
7.2% YoY Growth
1-Bed Rent
$775
4.6% YoY Growth
2-Bed Rent
$900
4.2% YoY Growth
3-Bed Rent
$995
3.8% YoY Growth

Other Zip Codes in Evansville, IN

4770847715477114771047714477124772547720
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Evansville, IN

As of May '26, the median home price in Evansville, IN is $100,000, with a year-over-year change of 4.3%. This indicates that home prices in Evansville, IN are increasing. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$100,0004.3%
Single Family $99,0004.2%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$78,0004.0%
    3 Bed
    		$116,0006.4%
    4 Bed
    		$139,0009.4%
    5 Bed $187,2011.2%
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    % of Housing Stock

    Studio
    2.3%
    1 Bedroom
    18.7%
    2 Bedrooms
    32.5%
    3 Bedrooms
    27.7%
    4 Bedrooms
    14.6%
    5+ Bedrooms
    4.1%

    Rental Trends — Evansville, IN

    As of July '25, Rentcast reports the average rent in Evansville, IN is $902, with a year-over-year rent change of -7.2%. Per bedroom, the median rent as of July '25 in Evansville, IN is 1-bedrooms: $760, 2-bedrooms: $921, 3-bedrooms: $1,010, 4-bedrooms: $1,200. The most common rental property sizes in Evansville, IN are 2-bedroom and 1-bedroom, accounting for 34.6% and 26.3% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$895$902
    Studio Rent N/AN/A
    1 Bed Rent $775$760
    2 Bed Rent $900$921
    3 Bed Rent $995$1,010
    4 Bed Rent $1,200$1,200
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    % of Rental Stock

    Studio
    3.8%
    1 Bedroom
    26.3%
    2 Bedrooms
    34.6%
    3 Bedrooms
    19.9%
    4 Bedrooms
    12.2%
    5+ Bedrooms
    3.2%

    Property Listings — Evansville, IN

    As of May '26, Realtor.com reports that the median days on market for a home in Evansville, IN is 45. This is a increase of 94.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$110,000-42.0%
    Listing Count
    		6039.0%
    Listings as % of Homes0.3%39.0%
    Days on Market
    		4594.0%
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    Demographics — Evansville, IN

    As of the latest ACS Survey released in 2023, Evansville, IN has a population of 9,930, which has decreased by -4.8% over the past 5 years. Evansville, IN is a moderately popular place for families, as children make up 24.1% of the population. The area has a poorly educated workforce, with 21.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.9% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		9,930-4.8%
    % Under 18
    		24.1%1.3%
    % Seniors
    		13.7%-2.8%
    % WFH
    		10.9%581.2%
    % w/ College Degree
    		21.0%16.0%
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    As of the latest ACS Survey released in 2023, Evansville, IN is a predominantly white area, with 50.1% of the population identifying as white. The white population has grown by 5.7% in the last 5 years. The second most common race or ethnicity in Evansville, IN is black, making up 39.0% of the population. Foreign-born residents account for 4.6% of the population in Evansville, IN, and this percentage has increased by 58.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		50.1%5.7%
    % Black
    		39.0%-5.8%
    % Hispanic
    		2.7%-44.9%
    % Asian
    		1.0%900.0%
    % Foreign Born
    		4.6%58.6%
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    Mortgage and Risk — Evansville, IN

    According to HUD data as of 2023, there were 128 mortgage originations in Evansville, IN, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 98.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Evansville, IN. Investor activity is high, as 21.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		128
    % Conventional Loans
    		74.0%
    % Government Loans
    		26.0%
    % Investor Loans
    		21.0%
    % Second Loans
    		2.0%
    % Cash Out Refinance
    		10.0%
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    Rentals and Section 8 — Evansville, IN

    As of 2024, the percent of homes in Evansville, IN under the Section 8 program is 28.9%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Evansville, IN, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.

    Section 8 Market Size

    Total Units under HUD
    		832
    Total Units Section 8
    		823
    % Rentals under Section 8
    		28.9%
    % Occupied Section 8
    		78.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$15$775$790
    2 Bedroom$110$900$1,010
    3 Bedroom$255$995$1,250
    4 Bedroom$210$1,200$1,410

    Affordability — Evansville, IN

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.2
    Median Home Price$100,000
    Median Household Income$37,400

    Evansville, IN — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    Frequently Asked Questions