There are currently 61,375 real estate properties in Evansville, IN, with a median automated valuation model (AVM) price of $198,200.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Evansville, IN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Evansville, IN, is $228,703.00, with the most expensive house in Evansville, IN, topping out at $9,349,800.00 and the cheapest home in Evansville, IN, clocking in at $15,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Evansville, IN!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Evansville, IN, is on a rollercoaster ride. The average rent price in Evansville, IN, is $1,183.00. Indeed, when looking to rent in Evansville, IN, you can expect to pay as little as $500.00 or as much as $3,760.00, with the average rent median estimated to be $1,090.00. The good news is that finding an affordable and desirable property to rent in Evansville, IN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Evansville, IN area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Evansville, IN and much more. Save thousands at closing with home foreclosure listings in Evansville, IN — up to 75% off market value!
Evansville is located in Vanderburgh, Indiana, with an estimated municipal population of 117,979 residents. All of the best foreclosed homes for sale in Evansville are located in the following zip code areas on Foreclosure.com: 47708 47714 47715 47710 47711 47713 47701 47702 47703 47704 47705 47706 47716 47719 47722 47724 47728 47730 47731 47732 47733 47734 47735 47736 47737 47740 47747 47750. The estimated population per square kilometer (.62 miles) in Evansville is 962.
So, about how much do homes cost in Evansville? The most recent median value of resident-owned homes in Evansville is 94,122. An estimated 55.1 percent of households in Evansville own their homes, with an average family size of 2.95. The median household income in Evansville is 40,178, with11.6 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Evansville, the median commute time of resident workers (in minutes) is 18.5. And last, but certainly not least, are you looking for homes to rent in Evansville? If so, the average rent price paid by renters in Evansville is 774, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Evansville, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Evansville is 37.6, split between 48 percent male versus 52 female. The percentage of residents who report being married in Evansville is 38.3, with an average family size of 2.95.
The percentage of residents who report their race in Evansville is as follows:
|Black / African American||13.1%|
|American Indian / Alaskan Native||0.1%|
|Native Hawaiian / Other Pacifc Islander||0.3%|
Looking for family-friendly neighborhoods in and/or near Evansville? Or maybe you are searching for 55+ active adult communities in and/or near Evansville?
The percentage of residents who report their age in Evansville is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Evansville with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Evansville.
How do you know that living in -- or moving to -- Evansville is right where you need to be? Perhaps you grew up in Evansville or already live nearby; therefore, the decision to buy a home in Evansville is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Evansville for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Evansville:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Evansville.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Evansville can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Evansville, meanwhile, can field multiple offers from more qualified buyers.
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