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

Evansville, IN has a median modeled monthly cash flow of $-283 and a median cap rate of 4.6%, on a median sold price of $196,500. Prices changed +5.3% year over year.

What is the average cap rate in Evansville, IN?

The median cap rate across recently sold homes in Evansville, IN is 4.6%, 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 $196,500 (about $138 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.

$196,500Median sold price

$138Median $/sqft

4.6%Median cap rate

$-283Modeled cash flow / mo

+5.3%Appreciation YoY

6.4Months of supply

1,125Active listings

2,101Sold (last 12 mo)

What the Evansville numbers say

In Evansville, IN, the median home sold for $196,500 (about $138 per square foot), and the typical deal models out to a 4.6% cap rate with a median $-283 of monthly cash flow. Sold prices moved +5.3% over the past year. Inventory sits at about 6.4 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

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.