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Evansville

Learn about the people, housing, costs and businesses in Evansville, Arkansas

Median Home$197,200
Median Rent$831/month
Population115
Leading IndustryProfessional Services2% of local workforce
Home Value Growth⬆⬆+14.0% over 2 years
Young Adults35% of residentswell above average
Homeowners86% of occupied units
NotableHighly Educated23% hold a bachelor's degree · top 23% nationally
Evansville
AR

Frequently Asked Questions

What are today's mortgage rates in Evansville?

As of today, the 30-year fixed mortgage rate for Evansville is approximately 6.909% (6.946% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Evansville?

The median home value in Evansville is $197k. The median monthly rent is $831. Annual property taxes average $762. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Evansville?

Home values in Evansville have increased 14.0% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Evansville?

Based on a typical all-in ownership cost of $580/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $25k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Evansville is $54k/year.

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What industries drive the economy in Evansville?

The largest employment sectors in Evansville are public administration (24%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.