Why Live in Evansville
Evansville's cultural scene centers around distinctive attractions like the historic Log Inn restaurant, established in 1825 and once visited by Abraham Lincoln. The Mesker Park Zoo & Botanic Garden and Wesselman Woods Nature Preserve provide natural escapes, while the Ford Center hosts Evansville Thunderbolts hockey games and major concerts. The Haynie's Corner Arts District features local galleries and unique shops, complemented by the historic Victory Theatre's Broadway shows and performances.
The housing market in Evansville presents diverse options across price points. The median sale price for single family homes is $220,000, with neighborhoods like Cambridge Village commanding higher median prices at $531,600 and Bellemeade Bayard Park offering more affordable options at $102,500. Condominiums range from a median price of $95,000 for one bedroom units to $221,000 for two bedrooms. Townhomes have a median price of $82,000.
Living costs in Evansville fall 6.7% below the national average. A family with school age children needs approximately $98,000 annually to live comfortably, while renters should aim for $50,000. Property taxes stand at 0.82% in Vanderburgh County, lower than nearby Owensboro, Kentucky at 0.86%. The education system includes highly rated institutions like Evansville Day School and North High School, both receiving A ratings from Niche. The University of Evansville and University of Southern Indiana enhance higher education opportunities. Local amenities include Eastland Mall, the Ohio Riverfront walking paths, and distinctive restaurants like Turoni's Pizzery & Brewery, serving signature thin crust pizzas since 1963.
Home Trends in Evansville, IN
On average, homes in Evansville, IN sell after 40 days on the market compared to the national average of 50 days. The median sale price for homes in Evansville, IN over the last 12 months is $206,500, up 2% from the median home sale price over the previous 12 months.
Median Sale Price
$206,500
Median Single Family Sale Price
$222,500
Median Townhouse Sale Price
$65,002
Median 2 Bedroom Sale Price
$215,000
Median 1 Bedroom Sale Price
$97,750
Average Price Per Sq Ft
$125
Number of Homes for Sale
437
Last 12 months Home Sales
2,010
Median List Price
$229,900
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
2%