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 Difference
$46,531
Median Home Price
$214,936.15
Median Rent
$1,332.86/mo
Price-to-Rent RatioBETTER
13.4
Property Tax RateTIE
0.85%
Price Change (1Y)
+4.0%
Price Change (5Y)
+20.0%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$14,742
Key Differences
Home Prices
Evansville's median home price of $191,609.53 is lower than South Bend's $214,936.15 by 11%.
Monthly Rent
Renting in Evansville costs $1,017.61/mo compared to $1,332.86/mo in South Bend—a difference of $315.25/mo.
Buy vs Rent Verdict
Evansville favors renting, while South Bend favors either option.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.