Market Overview
Home Prices in Evanston, IN
The median home value in Evanston, IN is $270,863 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6% compared to a year ago and up 1.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Evanston are priced34% below average.
Over the past five years, Evanston home values have risen by approximately34.2%, reflecting strong long-term appreciation in this market.
Price History
Evanston Home Price Trend
2020
$169,873
$170K
—
2021
$201,897
$202K
+18.9%
2022
$231,395
$231K
+14.6%
2023
$236,214
$236K
+2.1%
2024
$252,330
$252K
+6.8%
2025
$255,450
$255K
+1.2%
2026
$270,863
$271K
+6.0%
City Comparison
Evanston vs. National Median
🏠 Evanston
$270,863
National Median
$410,000
At $270,863, homes in Evanston cost 34% below the national median of $410,000. This makes Evanston a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Evanston?
20% Down Payment
$54,173
on $270,863
Monthly P&I
$1,413/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,795/mo
incl. taxes & insurance
Income Needed
$71,800
gross annual (30% rule)
10% Down Option
$27,086
+ PMI applies
Loan Amount (20% dn)
$216,690
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 Evanston, IN?
The median home value in Evanston is $270,863 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6% year-over-year.
How much have home prices changed in Evanston?
Over the past year, home values in Evanston have increased by 6%. Over five years, prices have risen approximately 34.2%.
How much do I need to earn to buy a home in Evanston?
To comfortably afford the median home price of $270,863 with a 20% down payment ($54,173) at today's rates (6.8%), you'd need a gross annual income of approximately $71,800. This assumes keeping total housing costs at or below 30% of gross income.
How does Evanston compare to the national average home price?
The national median home value is approximately $410,000. At $270,863, homes in Evanston are 34% below the national average.