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City

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Evansville, IN · 47721

ACS 2024

Market Read

A market with no active rental pool to price against. The sale-side figures below are the whole picture.

Tenant economics are strong. Median household income $62K, +1.2% YoY (county); renters hold 35.0% of county households. See the people evidence ↓

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

Computed from this page's data: . The listing and rental pools are separate samples, not the same homes priced two ways, so the ratios describe the market rather than any one property. Ratios with reasons, not a recommendation to buy.

Median Listing Price

Population

78,270

Median Days on Market

Active Listings

New Listings

Housing Market

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 85,319

85Kunits

Occupied78,27091.7%

Vacant7,0498.3%

2024 Tenure ⓘ

U.S. Census ACS · n = 78,270

78Koccupied

Owner50,90365.0%

Renter27,36735.0%

Renter Share

35.0%-1.6% YoY

Total Housing Units

85,319+0.6% YoY

FY2026 Fair Market Rent

CountyVanderburgh County · HUD 40th-percentile estimate, not actual market asking rent

Studio

$853

/month

1 BR

$860

/month

2 BR

$1,113

/month

3 BR

$1,370

/month

4 BR

$1,539

/month

FMR trends · Vanderburgh County

HUD Fair Market Rents · FY1983–FY2026

County Demographics

County population is up 0.1% to 180,117: residents under 18 are down 0.3% and those 65 and over are up 2.9%.

Median Age

38.72024

Population

Vanderburgh County Population

180,387+0.2% YoY

Households

Total Households

78,270+1.4% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.22-1.3% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 180,117

180Kresidents

Under 1839,04721.7%

Adults 18–64108,10960.0%

65 & Over32,96118.3%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

39,047-0.3% YoY

Population 65 & Over

32,961+2.9% YoY

Median Age

38.70-0.5% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house84.5%

Moved (within US)15.1%

Other0.4%

Veterans

6.7%-4.3% YoY

County Economy

County median household income is $62K, 14.3% of residents are below the poverty level, 6.7% work from home.

Income

Median Household Income

$62K+1.2% YoY

Per-Capita Income

$37K+4.2% YoY

Mean Household Income

$85K+3.4% YoY

Poverty

Below Poverty Level

14.3%-0.7% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone80.1%

Public transit0.9%

Worked from home6.7%

Other12.3%

Worked From Home

6.7%+11.7% YoY

Mean Commute

19.70-0.5% YoY

Done with 47721? Put it next to another market.

State

City

Compare with

City

State

City

ZIP codes

Evansville, IN · 47721

ACS 2024

Market Read

A market with no active rental pool to price against. The sale-side figures below are the whole picture.

Tenant economics are strong. Median household income $62K, +1.2% YoY (county); renters hold 35.0% of county households. See the people evidence ↓

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

Median Listing Price

Population

78,270

Median Days on Market

Active Listings

New Listings

Housing Market

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 85,319

85Kunits

Occupied78,27091.7%

Vacant7,0498.3%

2024 Tenure ⓘ

U.S. Census ACS · n = 78,270

78Koccupied

Owner50,90365.0%

Renter27,36735.0%

Renter Share

35.0%-1.6% YoY

Total Housing Units

85,319+0.6% YoY

FY2026 Fair Market Rent

CountyVanderburgh County · HUD 40th-percentile estimate, not actual market asking rent

Studio

$853

/month

1 BR

$860

/month

2 BR

$1,113

/month

3 BR

$1,370

/month

4 BR

$1,539

/month

FMR trends · Vanderburgh County

HUD Fair Market Rents · FY1983–FY2026

County Demographics

County population is up 0.1% to 180,117: residents under 18 are down 0.3% and those 65 and over are up 2.9%.

Median Age

38.72024

Population

Vanderburgh County Population

180,387+0.2% YoY

Households

Total Households

78,270+1.4% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.22-1.3% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 180,117

180Kresidents

Under 1839,04721.7%

Adults 18–64108,10960.0%

65 & Over32,96118.3%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

39,047-0.3% YoY

Population 65 & Over

32,961+2.9% YoY

Median Age

38.70-0.5% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house84.5%

Moved (within US)15.1%

Other0.4%

Veterans

6.7%-4.3% YoY

County Economy

County median household income is $62K, 14.3% of residents are below the poverty level, 6.7% work from home.

Income

Median Household Income

$62K+1.2% YoY

Per-Capita Income

$37K+4.2% YoY

Mean Household Income

$85K+3.4% YoY

Poverty

Below Poverty Level

14.3%-0.7% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone80.1%

Public transit0.9%

Worked from home6.7%

Other12.3%

Worked From Home

6.7%+11.7% YoY

Mean Commute

19.70-0.5% YoY

Done with 47721? Put it next to another market.