Evansville, IN
Vanderburgh County · Pop. 117,298
Ranked #2 of 243 cities
66Moderate
Median Home Price
🏠$140K
2.5% YoY
Median Rent
🔑$850
1.5% YoY
Median Income
💰$42K
Rent Burden
📊27.0%
% of income to rent
Income to Buy
🏦$40K
annual income needed
Income to Rent
📝$34K
annual income needed
Price-to-Income
⚖️3.3x
Homeownership
🏡56.0%
Rent vs. Buy
Buy
$745/mo
Est. mortgage (7%, 20% down)
Need $40K/yr income
Rent
$850/mo
Median rent
Need $34K/yr income
How Evansville Compares
| Metric | Evansville | Indiana | National |
|---|---|---|---|
| Home Price | $140K | $226K | $410K |
| Rent | $850 | $1,044 | $1,500 |
| Income | $42K | $69K | $75K |
| Rent Burden | 27.0% | 28.0% | 30.0% |
Key Takeaways
- • Home prices in Evansville are 66% lower than the national average.
- • Rent is 43% lower than the national average.
- • You need an income of $40K to comfortably buy a home here.
- • The homeownership rate is 56.0%, compared to 65.0% nationally.