Evansville, IN Housing Market

Evansville, IN's median home value is $227K, up 7.5% over the past year. Homes here sell in a median 45 days. Its PropertyIQ Score of 54 sits right around the state average of 50.

Whether you're considering buying a home, investing in rental property, or weighing entry timing in the Evansville, IN area, the PropertyIQ Score gives you a single, data-first read on relative market strength. It is validated against actual market outcomes from 2001 to 2023, with a positive score-to-return relationship in every validated year across IN and every other US state.

Midwestern housing markets are characterized by affordability and economic diversification. From manufacturing hubs undergoing tech-sector transitions to university towns with stable demand, the region offers value-oriented opportunities with lower entry costs than coastal markets. Within the Midwest, Evansville, IN's PropertyIQ Score of 54 tracks near the Midwest norm.

For the Evansville, IN market, PropertyIQ calculates a single score each month from four inputs: twelve-month Zillow home-value momentum, three-month Zillow home-value momentum, median days on market from Realtor.com, and the Realtor.com price-reduced share. The score is computed nationally across all metros and calibrated so 50 equals the state average. Across the validation history, metro markets in the top score band have outperformed their state by roughly 1.7 percentage points more per year than bottom-band markets.

View Evansville, IN's complete market profile including historical price trends, score history, and AI-generated analysis. Compare this market against any other US metro to find the best opportunities for your investment strategy.