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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Evansville, WI Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Evansville, WI Housing Market Trends

With 5,820 people, 2,360 houses or apartments, and a median cost of homes of $357,612, Evansville real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Evansville, accounting for 67.63% of the city's housing units. Other types of housing that are prevalent in Evansville include large apartment complexes or high rise apartments ( 15.54%), duplexes, homes converted to apartments or other small apartment buildings ( 10.88%), and a few row houses and other attached homes ( 5.96%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Evansville. Owner-occupied housing accounts for 71.33% of Evansville's homes, and 61.13% have either three or four bedrooms, which is average sized relative to America.

The housing in Evansville was primarily built before 1939 ( 36.00%), making the housing stock in Evansville some of the oldest overall in America, although there is a range of ages of homes in Evansville. The next most important housing age is between 2000 and later ( 27.21%), followed by between 1970-1999 ( 25.88%). There's also some housing in Evansville built between 1940-1969 ( 10.92%).

Evansville Home Appreciation Rates

Appreciation rates for homes in Evansville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 92.37%, which ranks in the top 50% nationwide. This equates to an annual average Evansville house appreciation rate of 6.76%.

NeighborhoodScout's data show that during the latest twelve months, Evansville's appreciation rate, at 7.45%, has been at or slightly above the national average. In the latest quarter, Evansville's appreciation rate has been 2.39%, which annualizes to a rate of 9.92%.

Relative to Wisconsin, our data show that Evansville's latest annual appreciation rate is lower than 50% of the other cities and towns in Wisconsin.

Average Home Values

Median Home Value

$357,612

Evansville, WI Home Prices
> $1,383,000
$1,037,001 - $1,383,000
$691,001 - $1,037,000
$553,001 - $691,000
$415,001 - $553,000
$277,001 - $415,000
$138,001 - $277,000
$69,001 - $138,000
$0 - $69,000
1.0%
1.0%
1.2%
1.2%
2.9%
2.9%
9.7%
9.7%
14.2%
14.2%
40.8%
40.8%
21.6%
21.6%
3.6%
3.6%
5.0%
5.0%
0% 100.0%
% of Homes
High

for Wisconsin

High

for nation

Number of Homes And Apartments:

2,360

Evansville Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,561 / per month

Homeownership Rate

Owners
Renters
71.3%
71.3%
28.7%
28.7%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
1.7%
1.7%
98.3%
98.3%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
27.2%
27.2%
25.9%
25.9%
10.9%
10.9%
36.0%
36.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
67.6%
67.6%
6.0%
6.0%
10.9%
10.9%
15.5%
15.5%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.2%
1.2%
9.9%
9.9%
25.6%
25.6%
43.0%
43.0%
18.1%
18.1%
2.2%
2.2%
0% 100.0%
% of Homes

Popular Neighborhoods in Evansville

Zip Codes in Evansville, WI