$99,900
2511 S Ruston Ave
Evansville, IN
3 bd1 ba925 sqft$108/ft²
House7,405 sqft lot
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Sarah Mitchell
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Compass Real Estate · Evansville, IN
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Evansville, IN(512) 555-0184TX License #0512847
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Evansville, IN Housing Market
Strong seller's market+3.2% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Evansville, IN is worth $204,516, rose 3.2% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $183,500, +11.2% year over year (through May 2026). With 1.9 months of supply and homes going under contract in about 9 days, Evansville is a strong seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $204,516 home is about $1,092/mo in principal and interest.
Key numbers for Evansville, IN
Typical home value
$204,516
+3.2% in 12 months
Zillow, August 2026
Typical asking rent
$1,076/mo
Zillow Observed Rent Index
Zillow, August 2026
Median sale price
$183,500
+11.2% year over year
Redfin, through May 2026
Days on market
9
Fast-moving
Redfin, through May 2026
Active listings
310
1.9 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$52,251
Home costs 3.9x income
U.S. Census ACS, 2023
Sale-to-list ratio
98.6%
Selling below asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Evansville a buyer's or seller's market?
Strong seller's market1.9 months of supply9 days on market98.6% of asking
Evansville, IN is a strong seller's market, based on 1.9 months of supply and homes selling in about 9 days. Under 2 months of supply is a severe shortage: expect competition on almost anything priced correctly, and little room to negotiate below asking.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Evansville housing market data show?
Every row below is Redfin's final published month for Evansville, IN. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $183,500 |
| Median list price | $179,450 |
| Year-over-year price change | +11.2% |
| Median price per sq ft | $138/sq ft |
| Median days on market | 9 days |
| Active inventory | 310 listings |
| Months of supply | 1.9 months |
| Sale-to-list price ratio | 98.6% |
| Homes sold (that month) | 167 |
| New listings (that month) | 161 |
| Listings with a price cut | 29.3% |
| Market condition | Strong seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Evansville is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Evansville is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Evansville home prices moved?
Over the last three years the median sale price in Evansville, IN rose 25.7%, from $146,000 to $183,500. The live Zillow value series has rose 3.2% in the last 12 months, which is the more current read now that Redfin's series has stopped. 29.3% of Evansville listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 1.9 months while the sale-to-list ratio slips below its current 98.6%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Evansville?
Priced off the typical home value of $204,516 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $40,903 | $163,613 | $1,092/mo |
| 5% | $10,226 | $194,290 | $1,297/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,092, that implies roughly $46,792 a year before you add taxes and insurance. The median household in Evansville earns $52,251, about $5,459 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 3.9x — above the historical 3x norm but in line with much of the country in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Evansville in the next 12 months?
Tell us your timeline. We send the Evansville market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Evansville?
Typical asking rent in Evansville, IN is $1,076/mo, against a typical home value of $204,516. That is a price-to-rent ratio of 15.8x, which means buying and renting land close enough together that the decision turns on how long you stay and your down payment. Compared head to head, 20% down puts principal and interest at $1,092 a month — $16 more than renting before taxes and insurance, so the ownership case here rests on equity and appreciation rather than monthly cash flow.
Zillow, August 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Evansville?
Active listings in Evansville, IN went from 279 in May 2025 to 310 in May 2026, a +11.1% change. Rising inventory is the single most useful leading indicator for buyers: more choice, longer marketing times, and more sellers willing to negotiate before price cuts show up in the median.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 274 | 171 |
| July 2025 | 308 | 188 |
| August 2025 | 351 | 205 |
| September 2025 | 407 | 214 |
| October 2025 | 388 | 200 |
| November 2025 | 393 | 130 |
| December 2025 | 368 | 121 |
| January 2026 | 326 | 132 |
| February 2026 | 325 | 147 |
| March 2026 | 310 | 159 |
| April 2026 | 350 | 208 |
| May 2026 | 310 | 161 |
Redfin, through May 2026
How does Evansville compare to Indiana and the U.S.?
Evansville homes sell for $183,500 — 36% below the Indiana median of $287,300. Against the national median of $410,700, Evansville runs 55% lower. Year-over-year, Evansville moved +11.2% against Indiana's +4.2% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Evansville, IN | $183,500 | +11.2% | 9 days |
| Indiana statewide | $287,300 | +4.2% | 26 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Evansville
What buyers should watch
- Months of supply, currently 1.9. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 29.3%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $205 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $204,516 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Evansville listing goes under contract in 9 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 98.6% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Evansville added 161 new listings against 167 sales — more clearing than arriving, which is the better window to list.
- Your equity moved +3.2% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Evansville varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Evansville
There are currently 310 homes listed for sale in Evansville, Indiana. The median listing price is $179K. Featured listings range from $99,900 to $292,000.
$112,000
1216 S Boeke Rd
Evansville, IN
3 bd2 ba1,088 sqft$103/ft²
House6,534 sqft lot
View photos & details
$126,000
1131 Loft Cv
Evansville, IN
1 bd1 ba660 sqft$191/ft²
Condo
View photos & details
$155,000
2172 Enlow Ave
Evansville, IN
2 bd1 ba768 sqft$202/ft²
House7,405 sqft lot
View photos & details
$159,000
2607 Hawthorne Ave
Evansville, IN
3 bd1 ba1,014 sqft$157/ft²
House7,405 sqft lot
View photos & details
$169,900
932 Joan Ave
Evansville, IN
3 bd1 ba1,080 sqft$157/ft²
House7,405 sqft lot
View photos & details
$179,000
1222 Vann Ave
Evansville, IN
2 bd2 ba1,119 sqft$160/ft²
House10,454 sqft lot
View photos & details
$179,000
3103 W Virginia St
Evansville, IN
2 bd1 ba977 sqft$183/ft²
House5,663 sqft lot
View photos & details
$215,000
3314 Renee Dr Cmn
Evansville, IN
2 bd2 ba1,393 sqft$154/ft²
Condo
View photos & details
$232,500
5119 Kratzville Rd
Evansville, IN
Land9.30 acres
View photos & details
$235,000
812 Audubon Dr
Evansville, IN
3 bd2 ba1,605 sqft$146/ft²
House7,405 sqft lot
View photos & details
$292,000
3622 Hartford Pl Cmn
Evansville, IN
3 bd2 ba1,652 sqft$177/ft²
House10,019 sqft lot
View photos & details
Looking to buy in Evansville?
Get connected with a local real estate expert — free, no obligation.
Active listings
310
Homes on market
Median list price
$179K
Avg. days on market
9
Days until sale
New this week
161
Newly listed
Price drops:29.3%of listings
Sale-to-list:98.6%
How much do homes cost in Evansville by property type?
How the Evansville, IN market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $179,950 | $137/sq ft | 148 | 8 days |
| Condo / co-op | $222,250 | $156/sq ft | 16 | 34 days |
Who lives in Evansville?
American Community Survey estimates for Evansville. U.S. Census ACS, 2023
Population
116,441
Households
52,284
Median income
$52,251/yr
Median age
38.1 years
Owner-occupied
53.9%
Median home value
$129,100
Median gross rent
$949/mo
Mean commute
18.7 min
53.9% of occupied homes in Evansville are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $129,100 against Zillow's $204,516 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $949/mo, below Zillow's $1,076/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
Which public schools serve Evansville?
41 schools tracked · 22,075 students
The largest public schools serving Evansville, IN by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
North High School
Grades 9-12 · 1,643 students
Francis Joseph Reitz High School
Grades 9-12 · 1,321 students
William Henry Harrison High School
Grades 9-12 · 1,209 students
Central High School
Grades 9-12 · 1,126 students
North Junior High School
Grades 7-8 · 930 students
McCutchanville Elementary School
Grades PK-6 · 914 students
Benjamin Bosse High School
Grades PK-12 · 826 students
Highland Elementary School
Grades K-5 · 818 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Evansville, IN?
Ordered by distance from Evansville, not by size. Compare Evansville side by side with any of them.
Evansville housing market FAQ
Is Evansville a buyer's or seller's market?
Evansville, IN is currently a strong seller's market. That read comes from 1.9 months of supply, homes going under contract in about 9 days, and sellers getting 98.6% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Evansville?
The typical home in Evansville, IN is worth $204,516 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $183,500, about $138 per square foot.
Is Evansville cheaper than the rest of Indiana?
Evansville's median sale price of $183,500 is 36% lower than the Indiana statewide median of $287,300, and 55% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Evansville?
Homes in Evansville, IN spent a median of 9 days on market before going under contract, versus 26 days statewide. Under three weeks means well-priced listings move before most buyers can schedule a second showing. (Redfin, through May 2026.)
What income do you need to buy a home in Evansville?
At the current 30-year fixed rate of 7.03%, 20% down on a $204,516 home is about $1,092 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $46,792 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $52,251.
Are home prices rising in Evansville?
The typical home value in Evansville, IN rose 3.2% over the last 12 months, from $198,118 to $204,516 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Evansville?
Evansville ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Evansville?
That depends on your timeline, not on a headline. What the data says today: Evansville, IN is a strong seller's market with 1.9 months of supply, the 30-year fixed rate is 7.03%, and the price-to-rent ratio of 15.8x means buying and renting land close enough together that the decision turns on how long you stay and your down payment. Properties Incorporated publishes the data; it does not give financial advice.
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