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These days, finding an affordable place to live in the Evansville area can be challenging. Home prices in Evansville are now at a median cost of $208,500, higher than the Arkansas average of $207,061.
The average cost of rent is $834/mo in Evansville, primarily driven by the current value of real estate in the Evansville area. In Evansville, 28.93% of households rent, and 79.21% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Evansville is $4,203 per month. Households that rent pay about 19.84% of their income on rent here. Evansville’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Canehill, AR: equally priced homes
- Morrow, AR: equally priced homes
- Piney, OK: less expensive homes
- Clyde, AR: equally priced homes
- Stilwell, OK: less expensive homes
- Strickler, AR: higher priced homes
- Lincoln, AR: equally priced homes
- Westville, OK: less expensive homes
- Blackburn, AR: equally priced homes
- Prairie Grove, AR: higher priced homes
Cities with Similar Populations
- Ai, AL: less expensive homes
- Alexandria, NE: less expensive homes
- Almont, ND: less expensive homes
- Altair, TX: less expensive homes
- Andover, VT: higher priced homes
- Apulia Station, NY: equally priced homes
- Oxford, ID: higher priced homes
- Paloma, IL: less expensive homes
- Overfield, WV: less expensive homes
- Otto, WY: higher priced homes
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