Evansville
Indiana · Ranked #71 of 373 metros
88Affordable
💡
Housing in Evansville costs 3.24× the median income, below the national average of 4.5×. The median home price is $211K and median rent is $947/month. Evansville ranks #71 of 373 metros for affordability.
Median Home Price
🏠$211K
Need $62K income
Median Rent
🔑$947
Need $38K income
Building Permits
🔨713
annual
Median Income
💰$65K
Pop: 286,874
Rent Burden
⚠️23.0%
of renters paying >30%
Homeownership
🏡69.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Evansville | National |
|---|---|---|
| Price-to-Income Ratio | 3.24x | 6.1x |
| Rent Burden | 23.0% | 31.5% |
| Homeownership Rate | 69.0% | 65.5% |
| YoY Rent Change | 0% | +2.8% |
| Mortgage Denial Rate | 0.0% | 13.5% |
| Eviction Rate | 0.0% | 3.6% |
House Price Index (2000–2025)
FHFA All-Transactions HPI
Since 2019: +55.4%Since 2000: +127.4%
HUD Fair Market Rents (FY2026)
Section 8 voucher payment standards
Studio$853/mo
1 Bedroom$860/mo
2 Bedroom$1,113/mo
3 Bedroom$1,370/mo
4 Bedroom$1,539/mo
Zillow Market Data
Home Value (ZHVI)
$217K
1yr: +3.6%5yr: +38.2%
Rent (ZORI)
$1,050/mo
1yr: +7.1%5yr: +46.1%
Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.
Redfin Market Activity
Median Sale Price
$226K
Active Inventory
37
Days on Market
66
Sold Above List
0.0%
Price Drops
10.8%