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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 $275,853, lower than the Pennsylvania average of $288,156.
The average cost of rent is $1,177/mo in Evansville, primarily driven by the current value of real estate in the Evansville area. In Evansville, 17.67% of households rent, and 31.85% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Evansville is $7,917 per month. Households that rent pay about 14.86% of their income on rent here. Evansville’s most expensive areas are in the western regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Middleport, PA: less expensive homes
- Orwigsburg, PA: less expensive homes
- New Philadelphia, PA: less expensive homes
- Brockton, PA: less expensive homes
- Reynolds, PA: less expensive homes
- Drehersville, PA: higher priced homes
- Silver Creek, PA: less expensive homes
- Cumbola, PA: less expensive homes
- Tuscarora, PA: less expensive homes
- Deer Lake, PA: equally priced homes
Cities with Similar Populations
- Ursine, NV: higher priced homes
- Chincoteague Island, VA: higher priced homes
- Chitina, AK: higher priced homes
- Cloudland, GA: less expensive homes
- Cochecton Center, NY: higher priced homes
- Coe, WV: less expensive homes
- Colfax, PA: less expensive homes
- Costello, PA: less expensive homes
- Cowdrey, CO: higher priced homes
- Duck Creek, TN: less expensive homes
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