Housing in Evansville, IN 47712 has done well this year with a median value of $172,500 and an appreciation rate of 8.82%, higher than the national average of 8.27%. This is an excellent time to invest in housing in this area as prices are still relatively low but expected to rise over the coming years. The US median house value is currently at $338,100 so it's clear that there is potential for growth in the Evansville market. It is also worth noting that the cost of living here is relatively low compared to many other places around the country, making it a great place to raise a family or own investment property.
The median home cost in Evansville (zip 47712) is $172,500. Home appreciation the last 10 years has been 68.6%. Home Appreciation in Evansville (zip 47712) is up 14.4%.
Average Age of Homes
- The median age of Evansville (zip 47712) real estate is 51 years old
The Rental Market in Evansville (zip 47712)
- Renters make up 29.7% of the Evansville (zip 47712) population
- 1.9% of houses and apartments in Evansville (zip 47712), 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.