Evansville, IL is a great place to invest in housing. The median value of houses in Evansville is $107,700 which is significantly lower than the US House median value of $338,100. This makes it an attractive option for those who are looking to invest in property at a relatively low price. Furthermore, the 1 year house appreciation rate in Evansville is 10.25%, which is higher than the US average of 8.27%. This indicates that housing prices are likely to increase over time in this area, making it a smart investment choice for potential buyers.
The median home cost in Evansville is $107,700. Home appreciation the last 10 years has been 42.4%. Home Appreciation in Evansville is up 12.4%.
Average Age of Homes
- The median age of Evansville real estate is 65 years old
The Rental Market in Evansville
- Renters make up 15.5% of the Evansville population
- 0.0% 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.