Market Overview
Home Prices in Evansville, IL
The median home value in Evansville, IL is $146,975 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.3% compared to a year ago and down 6.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Evansville are priced64% below average.
Price History
Evansville Home Price Trend
2024
$151,902
$152K
—
2025
$142,322
$142K
-6.3%
2026
$146,975
$147K
+3.3%
City Comparison
Evansville vs. National Median
🏠 Evansville
$146,975
National Median
$410,000
At $146,975, homes in Evansville cost 64% below the national median of $410,000. This makes Evansville a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Evansville?
20% Down Payment
$29,395
on $146,975
Monthly P&I
$767/mo
30-yr @ 6.8%
Total Monthly Est.
~$974/mo
incl. taxes & insurance
Income Needed
$38,960
gross annual (30% rule)
10% Down Option
$14,698
+ PMI applies
Loan Amount (20% dn)
$117,580
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Evansville, IL?
The median home value in Evansville is $146,975 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.3% year-over-year.
How much have home prices changed in Evansville?
Over the past year, home values in Evansville have increased by 3.3%.
How much do I need to earn to buy a home in Evansville?
To comfortably afford the median home price of $146,975 with a 20% down payment ($29,395) at today's rates (6.8%), you'd need a gross annual income of approximately $38,960. This assumes keeping total housing costs at or below 30% of gross income.
How does Evansville compare to the national average home price?
The national median home value is approximately $410,000. At $146,975, homes in Evansville are 64% below the national average.