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Evansville

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

Median Home$127,600
Median Rent$876/month
Population550
Leading IndustriesRetail · Transportation · Construction20% retail
Home Value Growth+5.3% over 2 years
Retirees23% of residentsslightly above average
Homeowners86% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
Evansville
IL

Frequently Asked Questions

What are today's mortgage rates in Evansville?

As of today, the 30-year fixed mortgage rate for Evansville is approximately 7.046% (7.059% 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 $128k. The median monthly rent is $876. Annual property taxes average $2k. 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 5.3% over the past two years. This represents moderate growth. 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 $695/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $30k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Evansville is $66k/year.

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What industries drive the economy in Evansville?

The largest employment sectors in Evansville are public administration (22%) and retail (20%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.