Evansville, IN

Evansville, Indiana is a city located in the southern region of the United States. The population of Evansville was 197,853 as of the 2010 census. It is the county seat of Vanderburgh County and is home to Indiana University-Purdue University Indianapolis.

Real estate in Evansville has seen strong growth over the past few years, with prices reaching all-time highs in some areas. This has led to a shortage of available homes for sale and an increase in prices across all types of real estate.

The median price for a home in Evansville was $135,000 as of September 2017. The average price for a home during that same period was $159,000. In terms of size, the majority (87%) of homes sold in Evansville are single family dwellings while 11% are condos or apartments.

The top three industries that employ people in Evansville are healthcare, education, and professional services. These industries account for nearly half (47%)) of all jobs in Evansville. The second most popular industry is retail trade which employs about 27% of workers in Evansville. Finally, government employs about 16% of workers in EvansVILLE

There are many factors that contribute to real estate prices and demand within Evansville:

• Economic growth: Since 2007, when GDP peaked at over 10%, Indiana has seen steady economic growth which has helped support real estate values statewide • Low interest rates: Interest rates have been relatively low throughout much of this time period which makes it more affordable to borrow money to purchase a home • Population growth: Over the past decade or so there has been significant population growth within Vanderburgh County – especially within the city limits – which also contributes to increased demand for housing • Limited supply: There is currently a shortage of available homes for sale due to rapid expansion within certain neighborhoods and increased demand from buyers