Rental numbers for the Evansville, IN metro
The typical home here runs -$695 a month at 7.78% with 25% down, breaking even at about 0.8%. 1 of 9 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 6.2%.
- Gross yield
- 5.9%
- typical home, Zillow
- Median ZIP yield
- 6.2%
- 9 ZIPs with full data
- Cash flow
- -$695/mo
- at 7.78%, 25% down
- Typical price
- $227,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,121/mo
- Zillow ZORI, Aug 2026
ZIP codes in the metro
31 with published figures
| 47616Griffin | $95,000 | $970* | 12.2% | 7.4% | +$77 | n/a |
| 47713Evansville | $99,000 | $973 | 11.8% | 7.1% | +$52 | -0.6% |
| 42461Uniontown | $109,000 | $950* | 10.5% | 5.8% | -$63 | n/a |
| 42451Reed | $140,000 | $1,070* | 9.2% | 5.2% | -$146 | n/a |
| 47714Evansville | $145,000 | $1,062 | 8.8% | 4.9% | -$195 | -0.7% |
| 47708Evansville | $234,000 | $1,579 | 8.1% | 4.7% | -$338 | n/a |
| 42462Waverly | $173,000 | $1,070* | 7.4% | 3.6% | -$406 | n/a |
| 47712Evansville | $211,000 | $1,239 | 7.1% | 3.7% | -$483 | n/a |
| 47612Cynthiana | $167,000 | $960* | 6.9% | 3.5% | -$407 | n/a |
| 42458Spottsville | $182,000 | $950* | 6.3% | 2.8% | -$558 | n/a |
| 47715Evansville | $241,000 | $1,250 | 6.2% | 3.0% | -$698 | n/a |
| 47711Evansville | $190,000 | $970 | 6.1% | 2.8% | -$577 | +4.7% |
| 47630Newburgh | $321,000 | $1,606 | 6.0% | 3.1% | -$895 | +1.5% |
| 47610Chandler | $219,000 | $1,090* | 6.0% | 2.8% | -$677 | n/a |
| 47631New Harmony | $215,000 | $1,050* | 5.9% | 2.8% | -$655 | n/a |
| 47725Evansville | $328,000 | $1,580* | 5.8% | 2.7% | -$1,022 | n/a |
| 47710Evansville | $161,000 | $769 | 5.8% | 2.3% | -$559 | n/a |
| 42420Henderson | $205,000 | $968 | 5.7% | 2.1% | -$739 | n/a |
| 42406Corydon | $202,000 | $950* | 5.7% | 2.2% | -$712 | n/a |
| 47523Dale | $210,000 | $980* | 5.6% | 2.3% | -$723 | n/a |
| 47633Poseyville | $213,000 | $960* | 5.4% | 2.4% | -$726 | n/a |
| 47720Evansville | $274,000 | $1,220* | 5.3% | 2.3% | -$949 | n/a |
| 47601Boonville | $233,000 | $1,020* | 5.3% | 2.2% | -$828 | n/a |
| 47613Elberfeld | $264,000 | $1,150* | 5.2% | 2.3% | -$908 | n/a |
| 47620Mount Vernon | $224,000 | $960* | 5.1% | 2.2% | -$799 | n/a |
| 47537Gentryville | $227,000 | $960* | 5.1% | 2.2% | -$807 | n/a |
| 42452Robards | $236,000 | $950* | 4.8% | 1.7% | -$931 | n/a |
| 47619Oakland City | $244,000 | $970* | 4.8% | 1.6% | -$982 | n/a |
| 47637Tennyson | $265,000 | $960* | 4.3% | 1.5% | -$1,088 | n/a |
| 47638Wadesville | $300,000 | $1,020* | 4.1% | 1.5% | -$1,248 | n/a |
| 47639Haubstadt | $316,000 | $1,010* | 3.8% | 1.1% | -$1,398 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +3.9%
- Rent, 12 months
- +2.0%
- Rent minus price growth
- -1.9 pts
- Property tax
- 0.72%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $175,075 | $833 |
| Aug 2022 | $192,169 | $887 |
| Aug 2023 | $200,646 | $967 |
| Aug 2024 | $209,285 | $1,030 |
| Aug 2025 | $218,476 | $1,099 |
| Aug 2026 | $227,052 | $1,121 |
Counties
- Henderson County, KY5.7% median yield
- Union County, KYn/a median yield
- Spencer County, INn/a median yield
- Warrick County, IN6.0% median yield
- Posey County, INn/a median yield
- Gibson County, INn/a median yield
- Vanderburgh County, IN7.1% median yield
Tools
Questions
- Is the Evansville, IN metro good for rental property?
- The typical home here runs -$695 a month at 7.78% with 25% down, breaking even at about 0.8%. 1 of 9 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 6.2%. Figures assume a typical home, 7.78% with 25% down and the default costs on the methodology page.
- Which ZIP codes in the Evansville, IN metro have the highest rental yield?
- 47713 (Evansville) at 11.8%, 47714 (Evansville) at 8.8%, 47708 (Evansville) at 8.1%, on Zillow value and rent. The full table above sorts by any column.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.