The typical owner-occupied home in Evansville is worth about $240,700, 22% below the Wyoming median of $309,700 and 28% below the national median of $332,700. Owners pay a median $1,366 a year in property taxes, about 0.57% of their home's value, close to the Wyoming rate of 0.57%. The median household earns $76,893 a year, so the median home costs 3.1 times the median income (4.1 times for Wyoming). 68% of occupied homes here are lived in by their owners, and 71% of those owners still have a mortgage.
Evansville at a glance
| Evansville | Wyoming | U.S. | |
|---|---|---|---|
| Median home value | $240,700 | $309,700 | $332,700 |
| Median property tax paid per year | $1,366 | $1,767 | $3,119 |
| Property tax as a share of value | 0.57% | 0.57% | 0.94% |
| Median household income | $76,893 | $76,176 | $80,734 |
| Homes lived in by their owners | 68% | 72% | 65% |
| Owner homes with a mortgage | 71% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,738 | $1,754 | $1,963 |
| Those costs as a share of the owners' income | 22.6% | 21.0% | 21.0% |
| Median rent | $1,004 | $992 | $1,413 |
| Rent as a share of renters' income | 16.8% | 27.0% | 30.6% |
| Median year homes were built | 2002 | 1981 | 1980 |
| Vacant homes | 10.4% | 12.2% | 10.1% |
| Population | 2,779 | 582,397 | 334,922,499 |
What a typical home costs per month in Evansville
At this week's average 30-year rate of 7.11%, buying the median Evansville home of $240,700 with 20% down costs about $1,510 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,911, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $64,713 for the 20%-down payment. That payment is 24% of the median Evansville household income of $76,893; at that income and 20% down, the 28% guideline points to a home of about $286,000.
The median rent here is $1,004 a month, so owning the median home costs about $506 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $48,140 |
|---|---|
| Loan amount | $192,560 |
| Principal and interest | $1,295 |
| Property taxes (0.57% a year) | $114 |
| Homeowners insurance (our estimate, 0.5% a year) | $100 |
| PMI | $0 |
| Total per month | $1,510 |
Change the numbers in the calculator
| Down payment | $8,424 |
|---|---|
| Loan amount | $236,340 |
| Principal and interest | $1,590 |
| Property taxes (0.57% a year) | $114 |
| Homeowners insurance (our estimate, 0.5% a year) | $100 |
| FHA mortgage insurance | $106 |
| Total per month | $1,911 |
Change the numbers in the calculator
Questions about home buying in Evansville
What is the median home value in Evansville?
About $240,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Evansville?
Homeowners pay a median $1,366 a year, which is about 0.57% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Evansville?
For the median home with 20% down at 7.11%, the payment is about $1,510 a month. Keeping that under 28% of gross income takes about $64,713 a year.
More about Evansville
- Mortgage Refinance in Evansville
- Debt Relief in Evansville
- Home Equity Loans in Evansville
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data