Aug 2026
$167K
-0.8% year-over-year
How it’s calculated
Rolling 3-month median sale price vs. same 3 months one year prior.
Evansville, IN
Daily-refreshed real estate signals + Three-Opinion home-price methodology for Evansville, IN. Built for agents; free to read.
Evansville, IN’s median sale price is $167K as of Aug 2026 — -0.8% year over year. Pecan Street tracks Evansville with its Three-Opinion home-price methodology (Redfin, FHFA HPI, and Zillow ZHVI), and is flagging 2 market signals here right now.
Headline
Sep 18, 2026
7.04%
30-year fixed
Where it comes from
National benchmark: Optimal Blue OBMMI 30-year conforming, via FRED. An average of rates borrowers have actually locked, updated daily.
The same rate appears on every market page.
Principal & interest
$895/mo
$38K/yr income needed
How it’s calculated
Payment — this market’s median sale price with 20% down, on a 30-year fixed loan at the rate shown. Principal and interest only — no property tax, insurance, PMI or HOA.
Income needed — that payment at 28% of gross income. A rule of thumb, not a lending decision.
How Evansville compares to other U.S. metros
| Price-to-rent | ↓178th of 195 |
|---|---|
| Price cuts | ↑24th of 194 (top 13%) |
| Home-price growth | ↓146th of 195 |
| Days on market | ↓116th of 194 |
Rank across the U.S. metros Pecan Street tracks, on market data alone — a higher rank means more of that measure (more price cuts, faster price growth, a wider asking-vs-sale gap, a higher price-to-rent ratio, or more days on market). The bar shows where this metro sits within that metric’s own cohort (left is more, right is less); ↑ and ↓ mark the positions furthest from the middle, and rows are ordered the same way. Metrics without data for this metro are omitted.
Affordability
| Price-to-rent ratio | ≈ 10 -5.9% YoY ↓178th of 195 |
|---|---|
| Asking price / sq ft | $145 -3.8% YoY |
Price-to-rent divides the median sale price by the annual HUD Fair Market Rent (a 3-bedroom, 40th-percentile benchmark), so it is a directional rent-vs-buy read, not a cap rate; its year-over-year change is directional in the same way. Asking price per square foot is the median across active for-sale listings (Realtor.com), as of Aug 2026. The bar under a figure places this metro among the U.S. metros we track on that measure, highest first.
Market pressure
| Listings with a price cut | ≈ 48% -1.7 pts YoY ↑24th of 194 (top 13%) |
|---|---|
| New housing units permitted | 50 |
Price-cut share is the portion of active for-sale listings that have taken a price reduction (Realtor.com), as of Aug 2026. New housing units authorized by residential building permits in the metro that month — new supply in the pipeline, which counts of existing listings don't capture (US Census Bureau, Building Permits Survey), as of Jul 2026. The bar under a figure places this metro among the U.S. metros we track on that measure, highest first.
Market facts
| ZIPs with listing data | 11 shown of 21 |
|---|---|
| MLS board of record | — |
| Price methodology | Three-Opinion · Redfin · FHFA HPI · Zillow ZHVI |
| Data as of | Aug 2026 |
Recent signals
Strength 4 / 5
24 days
Evansville homes taking 24 days to sell — +118.2% vs. a year ago
Homes are sitting materially longer than they were this time last year — the first hard sign of softening demand or over-priced inventory.
Strength 4 / 5
$155K
Evansville median price -10.2% YoY
Price-per-sqft also -4.8% YoY across 150 closed sales.
Price reconciliation
amber · 3.2ppRedfin (city) -0.8% | FHFA HPI · Q2 2026 +2.4% |
Year-over-year home-price change from two independent methods — Redfin (monthly sold price) and FHFA (quarterly repeat-sales index). When they diverge, the market is mid-shift; cite the figure with that in mind.
Market dispatches
Citable market dispatches for Evansville → Latest dispatch: Sep 11, 2026.
More markets in IN
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Try it freeZIP-level data
| ZIP | Median list price | Active listings | New listings | Price reductions | Days on market | Home value |
|---|---|---|---|---|---|---|
| 47601 | $227K↓ | 36↑ | 12↑ | 20↑ | 72↑ | $234K↑ |
| 47620 | $225K↑ | 35↑ | 12↓ | 16↑ | 45↓ | $224K↑ |
| 47630 | $390K↑ | 144↑ | 52↑ | 72↑ | 50↑ | $323K↑ |
| 47710 | $149K↓ | 37↓ | 24↓ | 16↓ | 40↓ | $162K↑ |
| 47711 | $200K↓ | 100↑ | 56↓ | 64 | 40↑ | $190K↑ |
| 47712 | $195K↓ | 37↓ | 36 | 20↓ | 35↓ | $212K↑ |
| 47713 | $91K↓ | 62↑ | 8↓ | 16↑ | 75↓ | $99K↑ |
| 47714 | $135K↓ | 97↑ | 36↓ | 56↑ | 57↑ | $145K↑ |
| 47715 | $282K↑ | 62↑ | 44↓ | 36↑ | 51↑ | $242K↑ |
| 47720 | $385K↑ | 27↑ | 12↑ | 24↑ | 42↓ | $275K↑ |
| 47725 | $390K↑ | 75↓ | 28↓ | 36↓ | 57↓ | $328K↑ |
ZIP figures from Realtor.com listing data; home value from Zillow ZHVI. ZIP codes shown have the most complete listing-data history and active for-sale inventory in this metro; the latest available month is shown per ZIP. Arrows show the direction of each figure against the same three months a year earlier; no arrow means the change rounds to zero or the comparison isn't available.