Evansville, IN metro area Housing Market Brief
metro · as of May 2026
What is Evansville, IN metro area’s Alpha Score?
The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.
Where is Evansville, IN metro area in its market cycle?
Evansville, IN metro area is classified as Growing — strengthening, with scores rising over recent months. This is a classification of recent (1–12 month) momentum, not a price forecast.
Evansville, IN metro area housing market data
| Metric | Value | YoY |
|---|---|---|
| Median Sale Price | $240K | ▲ +2.1% |
| Median Days on Market | 12 days | ▼ -20% |
| Months of Supply | 1.9 | ▲ +5.6% |
| Homes for Sale | 685 | ▲ +2.2% |
| Homes Sold | 361 | ▼ -5.2% |
| Median Price / Sq Ft | $148 | ▲ +5.2% |
| Sale-to-List Ratio | 98.6% | ▲ +0.3% |
How has Evansville, IN metro area’s Alpha Score moved?
Markets like Evansville, IN metro area
Frequently asked questions
Is Evansville, IN metro area a buyer's or seller's market?
As of May 2026, Evansville, IN metro area is classified as a Balanced Market, based on its Alpha Score of 53 out of 100. The classification reflects current price, inventory, affordability, economic, and rental-yield conditions.
Are home prices rising or falling in Evansville, IN metro area?
The median sale price in Evansville, IN metro area is $240K, having risen 2.1% over the past year.
How affordable is Evansville, IN metro area?
Evansville, IN metro area scores 63 out of 100 on affordability — relatively affordable relative to local incomes and prevailing mortgage rates compared with other metros.
What's driving Evansville, IN metro area's Alpha Score?
Evansville, IN metro area's strongest dimension is Rental Yield (66/100) and its weakest is Price Momentum (43/100). The Alpha Score is a weighted blend of all five dimensions.
Want the live, interactive view of Evansville, IN metro area? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.