Performance indicators for the Evansville short-term rental market based on reliable data.
Listings
Reliable / Active
Cap Rate
Middle-Earners Gross Yield
Revenue
Middle-Earners Revenue
Occupancy
Middle-Earners Occupancy
Home Value
Median Home Sale Price
Top Earners
Top-Earners Revenue
The highest-performing listings in Evansville.
Loading top listings...
Generally Investor friendly
Short-term rentals are allowed under Indiana state protections and Evansville lacks an active STR-specific ordinance and licensing system; only standard sales and lodging taxes and general safety rules apply. A moderate permitting framework is expected in 2026 (potential $150 fee cap, possible inspections and zoning overlays), but it’s not yet codified. Compliance remains known and manageable today, with no caps currently in force and no antagonistic enforcement noted.
Local STR Agent
STR specialist · Evansville, IN
Evansville is the third-largest city in Indiana and the seat of Vanderburgh County, situated along the south bank of the Ohio River in the state's southwestern corner. With a population of approximately 117,000, it has long served as the regional hub of the Tri-State area where Indiana, Kentucky, and Illinois meet. Its downtown riverfront, mid-century neighborhoods, and steadily growing arts scene give the city a working-class, blue-collar-meets-revitalization character, and it is best known as a center for healthcare, manufacturing, and river commerce. Evansville sits roughly 150 miles southwest of Indianapolis, the nearest major city, and is about 115 miles northwest of Louisville, Kentucky, and roughly 165 miles east of St. Louis.
Just east of downtown, Angel Mounds State Historic Site preserves one of the best-documented Mississippian culture settlements in the United States, with earthen mounds, a reconstructed village, and an interpretive center operated by the Indiana State Museum. The site is a National Historic Landmark and lies about eight miles southeast of the city center, making it an easy half-day excursion for visitors interested in pre-contact North American history.
Wesselman Woods Nature Preserve, located on Evansville's north side, protects one of the largest remaining tracts of old-growth bottomland hardwood forest in the country and is recognized as a National Natural Landmark. Its boardwalk trails offer a quiet, shaded escape just minutes from the urban core, and the on-site nature center hosts rotating exhibits on the region's flora and fauna.
Downtown Evansville clusters several indoor and outdoor attractions within walking distance of one another along the riverfront. The USS LST-325, a fully operational World War II-era landing ship that was transported from Greece in the early 2000s, is now permanently docked in Evansville and serves as a floating museum popular with veterans and history enthusiasts. Nearby, Mesker Park Zoo & Botanic Garden combines animal exhibits with a tropical rainforest dome, an Asia exhibit, and landscaped botanical gardens, while the Evansville Museum of Arts, History & Science on the riverfront pairs regional art collections with a planetarium and a hands-on children's discovery area under one roof.
A short drive west of the city, the historic town of New Harmony sits along the Wabash River and offers a preserved utopian settlement founded in the early nineteenth century, with tours of original Harmonist and Owenite buildings, period gardens, and a community labyrinth.
Evansville makes a compelling base for a short-term rental because it pairs affordable Midwestern pricing with a surprisingly deep bench of attractions. Travelers passing through the Tri-State area, families on regional road trips, and visitors to area tournaments, riverfront festivals, and college events find a city that feels approachable, walkable along the Ohio, and well-served by amenities, while still offering the outdoor recreation and historic depth that turn a quick stopover into a destination.