Evansville, IN housing market
Typical home value
$204K
▲ 4.3% 1 yr
Typical rent
$1,058/mo
▲ 2.9% 1 yr
Gross rent yield
6.2%
U.S. 6.3%
5-year home value change
+29%
U.S. +20%
Key takeaways
- 1The typical home in Evansville is worth $203,571, up 4.3% over the past year and up 29% over five years.
- 2Typical rent is $1,058 a month (+2.9% YoY), a gross rent yield of 6.2% (above the Evansville, IN metro's 5.8%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $1,119/mo, $61 more than typical rent.
- 4Zillow forecasts the Evansville, IN metro's home values to change +2.9% over the next 12 months.
Market temperature (Evansville, IN metro)
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 38/100, #317 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Evansville compares
| Measure | Evansville | Evansville, IN metro | United States |
|---|---|---|---|
| Typical home value | $203,571 | $225,370 | $366,157 |
| Home value, 1-yr change | +4.3% | +3.9% | +1.2% |
| Typical rent | $1,058 | $1,098 | $1,932 |
| Rent, 1-yr change | +2.9% | +2.5% | +2.7% |
| Gross rent yield | 6.2% | 5.8% | 6.3% |
| Price-to-rent ratio | 16.0 | 17.1 | 15.8 |
| Mortgage P&I, typical home | $1,119 | $1,239 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Evansville rental, pre-filled.
Rent vs buy in Evansville
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $204K home.
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.