Rent to own Homes in Evansville, IN
Evansville is the third largest city in Indiana and home to the University of Evansville, a well-known, top-notch private college. Evansville is located on the banks of the Ohio River, earning it the nickname the "River City." There are several giant corporations headquartered here, and a large public university - The University of Southern Indiana - is right near by. In 2008 and 2009, Kiplinger readers voted Evansville one of the best places to live, work and play. So, if you want somewhere to rent, own or rent to own, Evansville might be a great place for you to call home.
Evansville, IN is a great place for affordable rent-to-own homes! With a median household income of over $42,623 and a median rent of $797, the Evansville, IN rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Evansville, IN. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Evansville, IN Property Resources
Rent to own Homes in Cities Near Evansville, IN
- Anthoston
- Beech Grove
- Boonville
- Breckinridge Center
- Chandler
- Corydon
- Curdsville
- Cynthiana
- Darmstadt
- Dixon
- Elberfeld
- Evansville
- Hatfield
- Haubstadt
- Henderson
- Melody Hill
- Morganfield
- Mount Vernon
- Newburgh
- Onton
- Parkers Settlement
- Poole
- Reed
- Robards
- Sebree
- Sorgho
- Spottsville
- Stanley
- St Joseph
- Uniontown
- Wadesville
- Waverly
- West Louisville
Neighborhoods in Evansville, IN
North Country Club rent to own homes Akin Park rent to own homes Spring Park rent to own homes Howell rent to own homes Poplar Grove rent to own homes Western Terrace rent to own homes Hilltop rent to own homes Lamasco rent to own homes Mt. Auburn rent to own homes Cedar Hall rent to own homesBuying a Home in Evansville, IN
Evansville, IN is seeing rapid growth and Evansville, IN's' housing market remains optimal with an average home price that is -55% below the 2024 national average. Evansville, IN is part of Vanderburgh county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Vanderburgh is 0.78% which is below the national average, which is 0.99%.
Median Home Price in Evansville, IN
Median Rent in Evansville, IN
Top Reasons to Live in Evansville IN
Housing in Evansville Evansville is a university town, so the city has a good mix of rental residences, which are at 37 percent, and owned residences, which are at 51 percent. 12 percent of the homes in Evansville are vacant, and there is a 17 percent annual residential turnover. If you want to buy a house in Evansville, you can expect the price to be around $61,000, which is the median home sale price. The median rent in Evansville is $682, which is well below the national median.
Nightlife If you live in Evansville, you can be sure that you'll always have access to fun and exciting things to do at night. If you want a fun, divey Irish pub, Ri Ra Irish Pub is a favorite with both college students and locals. If you want a fun space that has opportunities to see art, view concerts, or drink and eat, PG Cafe and Gallery is a great place with an artsy atmosphere and creative vibe. Someplace Else Night Club is one of the best places in town if you're into dancing and drinking; it's a gay club with drag shows but loved by any and all people who visit. Hammerheads is also a place that people love to come dance and drink in town.
Local Sports College sports are big in Evansville, particularly college basketball. High school sports are also big in this area - locals are fervent fans of basketball, baseball, football, soccer, tennis teams and more. If you like to play sports, Evansville has lots of facilities, too. Tri-State Athletic Club has tons of sports facilities, including tennis courts for Evansville residents to use. Metro Sports Center is another complex where teams and players can practice and compete.
Neighborhoods For those interested in what Evansville has to offer, there are a variety of neighborhoods to choose from. A couple of the most popular areas are listed here: