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Evansville

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

Median Home$199,393
Median Rent$1,075/month
Population270,494
Leading IndustriesRetail · Professional Services17% retail
Home Value Growth⬆⬆+13.6% over 2 years
Retirees19% of residentsnear the national average
Homeowners70% of occupied units
NotableAffordable Market$199k median home · lower cost than 79% of the country
Evansville

Frequently Asked Questions

What are today's mortgage rates in Evansville?

Mortgage rates for Evansville are updated daily on Safe Rate using live investor pricing. Rates depend on your credit score, loan type (Conventional, FHA, VA, Jumbo), and down payment. A 30-year fixed rate is the most common product for home purchases.

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What is the median home price in Evansville?

The median home value in Evansville is $199k. The median monthly rent is $1,075. Annual property taxes average $1k. 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 13.6% 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 $1,062/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $46k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Evansville is $76k/year.

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What industries drive the economy in Evansville?

The largest employment sectors in Evansville are public administration (25%) and retail (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.