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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
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%).
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.
$357,612
for Wisconsin
for nation
2,360
$1,561 / per month