Evansville, IN housing market
The typical Evansville home is worth about $205,000, up 4.3% in a year, 21% below the Indiana typical home. Homes typically sell in 9 days, close to asking.
Home values, sales, trends and how Evansville compares with the towns next door — updated as new data is published.
Evansville at a glance
A strong seller's market
Homes are selling faster than new ones are listed: less than two months of supply. Well-priced homes can draw several offers.
Typical home value, 2016–2026
Show as a table
| January | Evansville | Indiana |
|---|---|---|
| 2017 | $112,000 | $135,000 |
| 2018 | $118,000 | $144,000 |
| 2019 | $124,000 | $154,000 |
| 2020 | $131,000 | $164,000 |
| 2021 | $144,000 | $183,000 |
| 2022 | $163,000 | $209,000 |
| 2023 | $174,000 | $227,000 |
| 2024 | $183,000 | $237,000 |
| 2025 | $193,000 | $249,000 |
| 2026 | $200,000 | $256,000 |
| August 2026 | $205,000 | $260,000 |
211 new homes permitted in 2025
Builders were permitted 211 new homes in Evansville in 2025: 181 single-family houses and 30 in buildings with two or more homes, worth about $62.9 million to build. That's 1.8 per 1,000 residents, slower than across Indiana (6). Over the past 10 years, Evansville has permitted 1,955 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Evansville's population fell by 131 even though 922 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year. Across Indiana: 1.7 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 138 | 122 | 16 | $42 million |
| 2025 | 211 | 181 | 30 | $62.9 million |
| 2024 | 191 | 165 | 26 | $58.2 million |
| 2023 | 243 | 201 | 42 | $67.2 million |
| 2022 | 286 | 244 | 42 | $71 million |
| 2021 | 356 | 318 | 38 | $92.4 million |
| 2020 | 186 | 166 | 20 | $36.6 million |
| 2019 | 157 | 139 | 18 | $28.8 million |
| 2018 | 71 | 71 | 0 | $9.7 million |
| 2017 | 78 | 72 | 6 | $10.3 million |
| 2016 | 176 | 96 | 80 | $17.6 million |
| 2015 | 64 | 54 | 10 | $7.5 million |
| 2014 | 92 | 88 | 4 | $14.1 million |
| 2013 | 64 | 62 | 2 | $7.6 million |
| 2012 | 96 | 74 | 22 | $6.2 million |
| 2011 | 46 | 44 | 2 | $4.9 million |
| 2010 | 78 | 39 | 39 | $6.3 million |
| 2009 | 72 | 37 | 35 | $14.9 million |
| 2008 | 95 | 39 | 56 | $20.6 million |
| 2007 | 153 | 67 | 86 | $34.8 million |
| 2006 | 148 | 92 | 56 | $11 million |
| 2005 | 164 | 107 | 57 | $13.5 million |
| 2004 | 169 | 86 | 83 | $10.3 million |
| 2003 | 181 | 165 | 16 | $16.5 million |
| 2002 | 124 | 76 | 48 | $6 million |
| 2001 | 97 | 89 | 8 | $6.9 million |
| 2000 | 159 | 135 | 24 | $11 million |
Evansville's permit office didn't report to the Census in 2025, so the 2025 figures are Census estimates.
How Evansville ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Evansville and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Evansville | $205K | +4.3% | $1,170 | 211 | $53,387 |
| Pigeon | — | +3.1%† | $1,110 | — | $42,766 |
| Melody Hill | — | +4.2%† | $1,140 | — | $93,906 |
| Highland | — | +4.5%† | $1,100 | — | $98,002 |
| Knight | — | +1.6%† | $1,200 | — | $58,227 |
| Center | — | +3.8%† | $1,300 | — | $78,964 |
| Ohio | — | +4.2%† | $1,210 | — | $92,550 |
† FHFA price index change, where Zillow has no home value for the town.
3.8 years of income
The typical Evansville home costs about 3.8 years of the town's median household income, about the same as across Indiana (3.6).
How Evansville ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,170
HUD's Fair Market Rent for a two-bedroom in Evansville is $1,170 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Evansville pay a median of $975, so moving in tends to cost more than staying put. A two-bedroom takes about 26% of the town's median household income.
Studio $900 · 4 bedrooms $1,620
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (47710, 47711, 47712, 47713, 47714, 47715 and 2 more; Evansville, IN MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.