Is Evansville, IN a good place to invest in rental property?

Evansville, IN has a median modeled monthly cash flow of $-324 and a median cap rate of 4.4%, on a median sold price of $200,000. Prices changed +3.7% year over year.

What is the average cap rate in Evansville, IN?

The median cap rate across recently sold homes in Evansville, IN is 4.4%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Evansville, IN?

The median sold price in Evansville, IN is $200,000 (about $140 per square foot).

Investing in Evansville, IN Real Estate

A data-driven snapshot of the Evansville, IN rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$200,000Median sold price

$140Median $/sqft

4.4%Median cap rate

$-324Modeled cash flow / mo

+3.7%Appreciation YoY

8.5Months of supply

1,628Active listings

2,303Sold (last 12 mo)

What the Evansville numbers say

In Evansville, IN, the median home sold for $200,000 (about $140 per square foot), and the typical deal models out to a 4.4% cap rate with a median $-324 of monthly cash flow. Sold prices moved +3.7% over the past year. Inventory sits at about 8.5 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

🔨 See 4 fix-and-flip deals in Evansville — listings where the estimated after-repair value beats list price + rehab.

Other Indiana markets to compare

See Evansville cash-flowing listings

CashFlowRE ranks every for-sale home in Evansville, IN by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Evansville deals, or browse the national market data.