Evansville, IN is a great place to live as evidenced by its median house value of $173,900. This is significantly less than the US median house value of $338,100. However, this does not mean that housing in Evansville is not appreciating; in fact, it has seen an appreciation of 8.82% over the past year which is just slightly higher than the national average of 8.27%. Therefore, this shows that if you are looking for an affordable area to buy a home with potential for appreciation, Evansville should be your destination of choice.
The median home cost in Evansville is $173,900. Home appreciation the last 10 years has been 68.6%. Home Appreciation in Evansville is up 14.4%.
Average Age of Homes
- The median age of Evansville real estate is 59 years old
The Rental Market in Evansville
- Renters make up 40.8% of the Evansville population
- 2.8% of houses and apartments in Evansville, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.