Evansville, IN home prices
Typical home $225,370 · +3.9% in a year · income needed $63,300
The Evansville, IN metro area ranks 544 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +3.9% in a year and +29.4% over five years. With 20% down at 7.11%, the typical home costs about $1,476 a month including 0.8% property tax (Vanderburgh County rate).
Mortgage on the typical Evansville home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $45,074 | $180,296 | $1,213 | $0 | $263 | $1,476 | $63,300 |
| 10% down | $22,537 | $202,833 | $1,364 | $85 | $263 | $1,712 | $73,400 |
| 5% down | $11,268 | $214,101 | $1,440 | $89 | $263 | $1,793 | $76,800 |
| 3.5% down (FHA) | $7,888 | $221,288 | $1,489 | $100 | $263 | $1,851 | $79,300 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.8% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Evansville area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Vanderburgh County, IN | $202,409 | +4.4% | 0.8% |
| Warrick County, IN | $291,696 | +4.1% | 0.67% |
| Henderson County, KY | $202,313 | +2.1% | 0.9% |
| Posey County, IN | $234,428 | +0.6% | 0.62% |
What can you afford in Indiana on your salary? · Indiana home prices · Salaries in Indiana
Frequently asked questions
How much is a house in Evansville?
The typical home in the Evansville, IN metro area is worth $225,370 (Zillow, September 2026).
What salary do you need to buy a house in Evansville?
About $63,300 a year for the typical home with 20% down at 7.11%.