Median Home PriceBETTER
$191,609.53
Median RentBETTER
$1,017.61/mo
Price-to-Rent Ratio
15.7
Property Tax RateTIE
0.85%
Price Change (1Y)BETTER
+4.2%
Price Change (5Y)BETTER
+20.8%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$46,531
Median Home Price
$226,824.99
Median Rent
$1,367.22/mo
Price-to-Rent RatioBETTER
13.8
Property Tax RateTIE
0.85%
Price Change (1Y)
+1.3%
Price Change (5Y)
+6.7%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$80,170
Key Differences
Home Prices
Evansville's median home price of $191,609.53 is lower than Indianapolis's $226,824.99 by 16%.
Monthly Rent
Renting in Evansville costs $1,017.61/mo compared to $1,367.22/mo in Indianapolis—a difference of $349.61/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.