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  4. /Evansville, IN - 47714

Evansville, IN—47714

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$147,000
4.1% YoY Growth
Household Income
$54,600
41.5% YoY Growth
Days on Market
39
25.0% Longer YoY
Home Price Forecast
2.1%
Median Rent
$950
0.0% YoY Growth
1-Bed Rent
$687
2.6% YoY Growth
2-Bed Rent
$907
12.3% YoY Growth
3-Bed Rent
$1,400
1.5% YoY Growth

Other Zip Codes in Evansville, IN

4770847713477154771147710477124772547720
  • 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 $147,000, with a year-over-year change of 4.1%. This indicates that home prices in Evansville, IN are increasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$147,0004.1%
Single Family $147,0005.0%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • $81,000
    6.6%
    2 Bed
    		$122,0003.4%
    3 Bed
    		$159,0004.6%
    4 Bed
    		$217,0004.3%
    5 Bed $277,1366.2%
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    % of Housing Stock

    Studio
    3.1%
    1 Bedroom
    13.1%
    2 Bedrooms
    36.2%
    3 Bedrooms
    35.2%
    4 Bedrooms
    10.7%
    5+ Bedrooms
    1.7%

    Rental Trends — Evansville, IN

    As of July '25, Rentcast reports the average rent in Evansville, IN is $1,060, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Evansville, IN is 1-bedrooms: $709, 2-bedrooms: $1,010, 3-bedrooms: $1,320, 4-bedrooms: $1,650. The most common rental property sizes in Evansville, IN are 2-bedroom and 1-bedroom, accounting for 40.7% and 27.5% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$950$1,060
    Studio Rent N/AN/A
    1 Bed Rent $687$709
    2 Bed Rent $907$1,010
    3 Bed Rent $1,400$1,320
    4 Bed Rent $1,650$1,650
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    % of Rental Stock

    Studio
    5.0%
    1 Bedroom
    27.5%
    2 Bedrooms
    40.7%
    3 Bedrooms
    19.4%
    4 Bedrooms
    6.0%
    5+ Bedrooms
    1.4%

    Property Listings — Evansville, IN

    As of May '26, Realtor.com reports that the median days on market for a home in Evansville, IN is 39. This is a increase of 25.0% 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.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$129,000-25.0%
    Listing Count
    		13022.0%
    Listings as % of Homes0.2%22.0%
    Days on Market
    		3925.0%
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    Demographics — Evansville, IN

    As of the latest ACS Survey released in 2023, Evansville, IN has a population of 33,100, which has decreased by -3.2% over the past 5 years. Evansville, IN is a moderately popular place for families, as children make up 20.5% of the population. The area has a poorly educated workforce, with 21.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.2% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		33,100-3.2%
    % Under 18
    		20.5%-12.8%
    % Seniors
    		14.4%9.1%
    % WFH
    		4.2%162.5%
    % w/ College Degree
    		21.9%13.5%
    Loading chart...

    As of the latest ACS Survey released in 2023, Evansville, IN is a predominantly white area, with 70.9% of the population identifying as white. The white population has shrunk by 2.1% in the last 5 years. The second most common race or ethnicity in Evansville, IN is black, making up 17.4% of the population. Foreign-born residents account for 5.6% of the population in Evansville, IN, and this percentage has increased by 33.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		70.9%-2.1%
    % Black
    		17.4%8.1%
    % Hispanic
    		5.6%1.8%
    % Asian
    		1.1%83.3%
    % Foreign Born
    		5.6%33.3%
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    Mortgage and Risk — Evansville, IN

    According to HUD data as of 2023, there were 551 mortgage originations in Evansville, IN, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 79.0%, with 40.0% above 90% LTV (very high). This implies large mortgage risk in Evansville, IN. Investor activity is low, as 8.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		551
    % Conventional Loans
    		75.0%
    % Government Loans
    		25.0%
    % Investor Loans
    		8.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		18.0%
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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 11.6%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Evansville, IN, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		680
    Total Units Section 8
    		680
    % Rentals under Section 8
    		11.6%
    % Occupied Section 8
    		78.9%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$143$687$830
    2 Bedroom$153$907$1,060
    3 Bedroom-$90$1,400$1,310
    4 Bedroom-$170$1,650$1,480

    Affordability — Evansville, IN

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.4
    Median Home Price$147,000
    Median Household Income$54,600

    Evansville, IN — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    Frequently Asked Questions