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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 $194,993, lower than the Minnesota average of $345,793.
The average cost of rent is $773/mo in Evansville, primarily driven by the current value of real estate in the Evansville area. In Evansville, 20.77% of households rent, and 38.79% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Evansville is $6,227 per month. Households that rent pay about 12.41% of their income on rent here. Evansville’s most expensive areas are in the eastern 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
- Brandon, MN: higher priced homes
- Melby, MN: higher priced homes
- Millerville, MN: higher priced homes
- Erdahl, MN: higher priced homes
- Ashby, MN: higher priced homes
- Garfield, MN: higher priced homes
- Urbank, MN: higher priced homes
- Barrett, MN: higher priced homes
- Leaf Valley, MN: higher priced homes
- Kensington, MN: higher priced homes
Cities with Similar Populations
- Republic, PA: less expensive homes
- Hornbrook, CA: equally priced homes
- Howard, SD: less expensive homes
- Hoyt, OK: less expensive homes
- Kandiyohi, MN: higher priced homes
- Keeling, VA: less expensive homes
- Kelly, KY: less expensive homes
- Kennard, NE: higher priced homes
- Pleasant Hill, LA: less expensive homes
- Highfalls, GA: higher priced homes
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