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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 $184,166, lower than the Indiana average of $232,932.
The average cost of rent is $1,125/mo in Evansville, primarily driven by the current value of real estate in the Evansville area. In Evansville, 35.01% of households rent, and 38.77% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Evansville is $5,853 per month. Households that rent pay about 19.23% of their income on rent here. Evansville’s most expensive areas are in the northeastern 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
- Stevenson, IN: higher priced homes
- Darmstadt, IN: higher priced homes
- Cypress, IN: higher priced homes
- St. Philip, IN: higher priced homes
- Newburgh, IN: higher priced homes
- Parkers Settlement, IN: higher priced homes
- Chandler, IN: equally priced homes
- Lippe, IN: higher priced homes
- Graham Hill, KY: higher priced homes
- Henderson, KY: equally priced homes
Cities with Similar Populations
- Deerfield Beach, FL: higher priced homes
- Davie, FL: higher priced homes
- Des Moines, IA: higher priced homes
- Decatur, IL: less expensive homes
- Denver, CO: higher priced homes
- Denham Springs, LA: higher priced homes
- Cumming, GA: higher priced homes
- Clearwater, FL: higher priced homes
- Columbus, OH: higher priced homes
- Clifton, NJ: higher priced homes
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