Evansville, IN Foreclosed Homes & Properties

Foreclosure Homes for Sale in Evansville, IN: What You Need to Know

There are 117,979 residents in Evansville, a -1.7% change since the last census in 2010. The population density is 2,659.6 people per square mile. Roughly 52.1% of the populous is female, 21.1% are 18 years or younger, 15.8% are 65 years or older, and 8,059 are veterans. This city's racial composition includes 81.2% white, 12.9% black, .8% Asians, 3.3% two or more races, and 3% Latinos, amongst other races. There are 51,660 households with 2.2 persons per home on average. About 62.2% of residents over the age of 16 are part of this region's civilian workforce. The median household income is $38,646, and there are 22.6% of persons living in poverty.  

Local Culture 

This city was settled in 1812, and because of its location off the Ohio River, it is referred to as "River City." The Casino Aztar was the first riverboat casino in the state of Indiana. Evansville is home to the University of Southern Indiana and the University of Evansville. The economy is stable and diverse, and in 2004 this city was named an "All American City" by the National Civic League. Evansville is known for its southern hospitality, economic vitality, and it is very proud of its German heritage. The two universities have attracted a strong youth presence, which has resulted in an active and enjoyable nightlife. The cuisine here is unique and flavorful. To enjoy local favorites, visit Thai Papaya Cuisine, Jimmy Jeng’s, Iwataya, or The Log Inn, a historic restaurant that Abraham Lincoln once visited.  

Cost of Living  

The overall cost of living in Evansville is 11% lower than the national average. As compared to the national average, housing is 23% lower, utilities are 9% lower, groceries are 13% lower, and Healthcare is 5% lower in this city. Here’s what you can expect to spend on the monthly necessities: 

• Average Home Value: $267,190

• Median Gross Rent: $837

• Energy Bill: $152.24

• Gas: $2.47 per gallon

• Combined Sales Tax: 7%

Weather and Climate  

Evansville has a humid subtropical climate. Summers are hot with some humidity, and have high temperatures of about 89°F. Winters are mildly cool, with an average temperature of 26°F. Roughly 11.8 inches of snow falls each year. There are approximately 204 sunny days per year. There is an average of 45.3 inches of precipitation a year. This region is subject to flooding and earthquakes.