Markets/Indiana/Evansville

Evansville, IN-KY Real Estate Market 2026

Investor-grade market analytics for Evansville, Indiana. Data from Zillow ZHVI, FRED, Census ACS, and FEMA NRI. Updated monthly.

Median Home Price

$229,634

+3.8% year-over-year

Est. Rental Yield

5.6%

gross annual

Market Momentum

๐ŸŒค๏ธ
Warm
1.9mo supply ยท Score +2/7

Migration: Top 35% nationally

Income Migration

โžก๏ธ Neutral0.91x

In-migrants avg $47,964 AGI vs out-migrants $52,501

๐Ÿ›๏ธ

Opportunity Zone Market

8 ZIP codes in Evansville are designated Qualified Opportunity Zones (IRC 1400Z-2), eligible for capital gains tax deferral on qualifying investments. Learn more โ†’

Evansville Market Summary

Evansville, IN-KY shows steady growth at 3.8% year-over-year appreciation, reflecting balanced market conditions with moderate demand. Affordability remains favorable with a price-to-income ratio of 3.39x, below the national average of 4.8x. Modest net positive migration (+60 returns/year) provides steady demand support. Climate risk remains low (31/100), favorable for long-term investment stability. Rental yield of 5.63% is moderate, offering acceptable cash flow for leveraged investments.

Affordability

Affordability Score94/100
Price-to-Income Ratio3.4x (national avg 4.8x)
Median Household Income$67,671

Climate & Natural Hazard Risk

Evansville, IN-KY's primary climate exposure is wind storms (60/100). The composite climate risk score of 31/100 (Low) indicates overall risk reflecting favorable conditions for long-term real estate investment. This market benefits from relatively low natural hazard exposure compared to coastal and wildfire-prone regions.

Source: FEMA National Risk Index

Get the full Evansville dataset

Migration flows, ZIP-level neighborhood data, full demographics, price history, and the Market Screener.