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City · 116,116 residents · Vanderburgh County, Indiana

Evansville , Indiana

In Evansville, a typical home is worth $143,100 and typical rent is $975 a month. Compared with all of Vanderburgh County, the typical home value is 22% lower, typical household income is 13% lower, and the share of households that own their home is 10 points lower.

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  • Typical home value

    $143,100

    22% below the county

    34% below Indiana

    • Evansville
    • Vanderburgh
    • Indiana

  • Typical rent

    $975a month

    About the same as the county

    8% below Indiana

    • Evansville
    • Vanderburgh
    • Indiana

  • Typical household income

    $53,387a year

    13% below the county

    26% below Indiana

    • Evansville
    • Vanderburgh
    • Indiana

  • Households that own their home

    55%

    10 points below the county

    16 points below Indiana

    • Evansville
    • Vanderburgh
    • Indiana

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$203,571
4.3% more than 12 months ago
Typical rent
$1,058 a month
2.9% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Evansville is in Vanderburgh County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Vanderburgh County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Evansville apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in Mount Vernon, the typical rent is $783: 20% less than in Evansville ($975).

  2. The typical home in Evansville is worth $143,100, 22% less than in Vanderburgh County as a whole ($184,000).

  3. 55% of households in Evansville own their home, against 65% in Vanderburgh County.

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Evansville

What homes there are in Evansville, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house is still the most common home in Evansville, but it weighs less than in Vanderburgh County: 64% against 70%.

Year built

Homes in Evansville are older: the typical year built is 1961; in Vanderburgh County, 1970.

There are fewer big homes in Evansville than in Vanderburgh County: 44% have 3 bedrooms or more, against 55%.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

The FHA loan limit for Vanderburgh County is $541,287, and about 98% of owner-occupied homes in Evansville are worth less than that.

Monthly rent with utilities

About 63% of rented homes in Evansville cost less than HUD's 2-bedroom fair market rent for Vanderburgh County ($1,127); the rest cost more.

With a mortgage

$1,150 a month

Vanderburgh County: $1,331 a month

Without a mortgage

$520 a month

Vanderburgh County: $572 a month

Owners with a mortgage

63%

Vanderburgh County: 62%

The typical cost for an owner with a mortgage in Evansville is $1,150 a month, less than in Vanderburgh County ($1,331); without one, $520.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Since 2015–2019, homes in Evansville gained value faster than in Vanderburgh County: 52% against 43%.

The typical rent in Evansville rose 26% since 2015–2019, about the same as in Vanderburgh County (25%).

The typical household income in Evansville rose 33% over that time; home values changed +52% and rent +26%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureEvansvilleVanderburgh CountyIndianaUnited States
Rental vacancy 5.9%6.6%5.6%5.5%
Homeowner vacancy 1.8%1.3%0.8%0.9%
More than one person per room 1.5%1.4%1.8%3.4%
People per household 2.122.222.462.53
Drive alone 79%80%76%69%
Carpool 10%8%9%9%
Public transit 1%1%1%3%
Walk or bike 4%3%2%3%
Work from home 6%7%11%15%
Other means 1%1%1%2%
Typical commute 10 to 19 minutes10 to 19 minutes20 to 29 minutes20 to 29 minutes

Open rentals in Evansville look like those in Vanderburgh County: the rental vacancy rate is 5.9%.

More than one person per room: that is how 1.5% of households in Evansville live, near the figure in Vanderburgh County (1.4%).

By size, households in Evansville look like those in Vanderburgh County: 2.12 people on average.

In Evansville, 79% of workers drive alone to work; in Vanderburgh County, 80%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Evansville?

A typical home is within reach of the typical income

We start with a typical home in Evansville, worth $143,100, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 26% of the typical household income in Evansville, which is $53,387 a year.

The calculator's FHA and conventional loan limits are those of all of Vanderburgh County.

Your numbers

Local data
$

Starts at the typical home value in Evansville. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $5,009 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,171

at 7.18% · 30 years

Loan amount
$140,508
Total interest
$202,157
Paid off in
November 2056

Includes $2,417 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,246 a month

    Your payment · 26%

  • Tight

    $1,246 to $1,602 a month

  • Hard

    more than $1,602 a month

Compared with the typical household income in Evansville ($53,387 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,171
Principal & interest$952
Property tax$97
Home insurance$60
FHA mortgage insurance (MIP)$63

You need at least $5,009 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Evansville and Vanderburgh County

Evansville is in Vanderburgh County, Indiana. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Evansville's own numbers

Typical home value
$143,100
Typical monthly rent
$975
Typical yearly household income
$53,387
Households that own their home
55%
Effective property tax rate
0.81%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Vanderburgh County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,127
Price change over 5 years (FHFA)
+48%
Homes in a high flood-risk zone
4.2%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Vanderburgh County.

Everything about Vanderburgh County

Buying

Buying a home in Evansville

A typical home in Evansville is worth $143,100: 22% below the county and 34% below Indiana. With the typical household income in Evansville ($53,387 a year), a typical home costs 2.7 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Evansville 2.7 years
  • Vanderburgh 3.0 years
  • Indiana 3.0 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Vanderburgh County

According to FHFA’s house price index, home prices in Vanderburgh County rose 78% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Vanderburgh County.

Period County Indiana U.S.
Last year (2025) +3.8% +4.3% +2.9%
5 years (2020–2025) +48% +53% +47%
10 years (2015–2025) +78% +95% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Evansville next to Vanderburgh County, Indiana and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Evansville $143,100
  • Vanderburgh $184,000
  • Indiana $218,200
  • United States $332,700
Typical monthly rent
  • Evansville $975
  • Vanderburgh $985
  • Indiana $1,062
  • United States $1,413
Typical yearly household income
  • Evansville $53,387
  • Vanderburgh $61,648
  • Indiana $71,957
  • United States $80,734
See the full table
Evansville next to Vanderburgh County and Indiana
Measure Evansville Vanderburgh County Indiana U.S.
Typical home value $143,100 $184,000 $218,200 $332,700
Typical monthly rent $975 $985 $1,062 $1,413
Typical yearly household income $53,387 $61,648 $71,957 $80,734
Households that own their home 55% 65% 71% 65%
Typical yearly property tax $1,153 $1,474 $1,614 $3,119
Effective property tax rate 0.81% 0.8% 0.74% 0.94%
Renters with high rent for their income 48% 48% 48% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Vanderburgh County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Evansville

For a typical $143,100 home in Evansville, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Evansville's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,171a month

    Least cash to close
    Down payment
    $5,009
    Cash to close
    $9,302
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $63

  • Conventional, 5% down $1,145a month

    Down payment
    $7,155
    Cash to close
    $11,448
    Rate
    7.18%
    Mortgage insurance
    PMI · $68

  • Conventional, 20% down, no PMI $932a month

    Down payment
    $28,620
    Cash to close
    $32,913
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,064a month

    Down payment
    $21,465
    Cash to close
    $25,758
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Evansville and for Vanderburgh County.

Property tax

Effective rate in Evansville

0.81%of the home’s value each year

$1,153 a year for the typical owner in Evansville.

  • Evansville 0.81%
  • Vanderburgh 0.8%
  • Indiana 0.74%

What Indiana publishes Homestead standard deduction: the amount drops each year (Indiana Department of Local Government Finance (DLGF), Form HC10)

Exemptions and deadlines in Indiana

Flood risk in Vanderburgh County

FEMA does not publish these numbers by city: they are for all of Vanderburgh County.

Homes in the high-risk zone
4.2%
2,772
Of those, with NFIP insurance
10%
County Indiana U.S.
Homes in the high-risk zone 4.2% 2.3% 3.5%
Of those, with NFIP insurance 10% 17% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Evansville

Typical rent in Evansville is $975 a month: about the same as the county. In Evansville, 48% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Vanderburgh County, by unit size. To pay the 2-bedroom one ($1,127 a month) without spending more than 30% of your income, you would need to earn $21.67 an hour working full time.

HUD fair market rent for all of Vanderburgh County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $866 $16.65 $34,640
1 bedroom $872 $16.77 $34,880
2 bedrooms $1,127 $21.67 $45,080
3 bedrooms $1,387 $26.67 $55,480
4 bedrooms $1,534 $29.50 $61,360

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Evansville

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Evansville has 6 ZIP codes with their own.

For 2 bedrooms it runs from $1,070 in 47710 to $1,320 in 47708.

4 of the 6 are above the fair market rent for Vanderburgh County ($1,127).

  • 47708 $1,320$1,620
  • 47710 $1,070$1,320
  • 47711 $1,140$1,400
  • 47713 $1,110$1,370
  • 47714 $1,180$1,450
  • 47715 $1,270$1,560

4 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Evansville when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Evansville

HUD lists 38 buildings with rents for lower incomes in Evansville. These are the largest.

  • Carriage House Evansville I 5300 Carriage Dr, Evansville 47715 207 low-income homes · For families (812) 479-6829
  • Fulton Square 1328 Dresden St, Evansville 47710 194 low-income homes · Studio: 40 · 1 bd: 38 · 2 bd: 60 · 3 bd: 44 · 4 bd: 12 · In service since 2019 · For families
  • Fulton Square 1328 Dresden St, Evansville 47710 193 low-income homes · Studio: 40 · 1 bd: 37 · 2 bd: 60 · 3 bd: 44 · 4 bd: 12 · In service since 2019 · For families
  • Arbors at Eastland 6649 Old Boonville Hwy, Evansville 47715 176 low-income homes · 1 bd: 8 · 2 bd: 88 · 3 bd: 56 · 4 bd: 24 · In service since 2005
  • Grandview Tower 1000 Fulton Pkwy, Evansville 47710 170 low-income homes · For older adults (812) 424-3507

See all 40 buildings in Vanderburgh County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Evansville

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There are 2 HUD-approved agencies with an office in Vanderburgh County; none says it serves in Spanish.

A man leans over the armchair where a girl is reading a book.

HUD counseling is free or low-cost

Assistance programs in Evansville

No down payment, repair or rent-help program on our list is for Evansville or Vanderburgh County. The ones below are statewide in Indiana: they work in Evansville the same as in the rest of the state.

Which programs do I qualify for? All programs in Indiana

  • Next Home

    Statewide in Indiana

    Indiana state agency program with down payment assistance of 2.5% or 3.5% of the price, alongside a 30-year FHA or conventional mortgage. Offered by Indiana Housing and Community Development Authority (IHCDA).

    Type not stated

    See the program Official page

  • First Step

    Statewide in Indiana

    Indiana state agency 30-year FHA or conventional mortgage for first-time buyers (or homes in designated areas), with down payment assistance as a second mortgage with no interest or payments, repaid when the first mortgage ends. Offered by Indiana Housing and Community Development Authority (IHCDA).

    Deferred

    See the program Official page

Housing counselors near Evansville

The HUD-approved agencies closest to the center of Evansville, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Hope of Evansville, Inc

    900 N Main St, Evansville · 2 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 2 more
    (812) 423-3169

  • Community Action Program of Evansville & Vanderburgh County, Inc

    401 SE 6th St, Evansville · 2 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 3 more
    (812) 425-4241

  • Lincoln Hills Development Corporation

    302 Main St, Tell City · 42 miles away

    • Mortgage delinquency and default
    • Fair housing pre-purchase workshops
    • and 6 more
    (812) 547-3435

Every agency in Vanderburgh County All counseling agencies in Indiana

Help in Spanish near Evansville

None of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Evansville

HUD’s record names them for Evansville or Vanderburgh County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Housing Authority of the City of Evansville Public housing and Section 8 vouchers (812) 428-8500

All housing agencies in Indiana Source: HUD

Cities

Other cities in Vanderburgh County

These cities are also in Vanderburgh County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Vanderburgh County Housing in Indiana

Nearby cities

The cities closest to Evansville, with the typical home value.

Neighboring counties

If Vanderburgh County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Evansville.

All guides
A father holds his baby and his young son by a white picket fence.

Questions

Housing questions about Evansville

Short answers with the numbers for Evansville and all of Vanderburgh County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Evansville?

The typical home value in Evansville is $143,100, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Vanderburgh County it is $184,000.

How much does it cost to rent in Evansville?

Typical rent in Evansville is $975 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Vanderburgh County is $1,127.

What is the FHA loan limit in Evansville?

Evansville uses the FHA limit for all of Vanderburgh County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Evansville?

The typical homeowner in Evansville pays $1,153 a year, according to the U.S. Census Bureau. That is 0.81% of the home’s value; in Vanderburgh County, the rate is 0.8%.

Where can I find free help to buy or rent in Evansville?

There are 2 HUD-approved counseling agencies with an office in Vanderburgh County. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).