Evansville, IN

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

Performance indicators for the Evansville short-term rental market based on reliable data.

Listings

305 / 667

Reliable / Active

Cap Rate

12%

Middle-Earners Gross Yield

Revenue

$22,981

Middle-Earners Revenue

Occupancy

72%

Middle-Earners Occupancy

Home Value

$194,790

Median Home Sale Price

Top Earners

$41,778

Top-Earners Revenue

Evansville

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Evansville.

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B

Generally Investor friendly

Evansville Regulations

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.

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About Evansville

Evansville is a city in and the county seat of Vanderburgh County, Indiana, United States. With a population of 118,414 at the 2020 census, it is Indiana's third-most populous city after Indianapolis and Fort Wayne, the most populous city in Southern Indiana, and the 249th-most populous city in the United States. It is the central city of the Evansville metropolitan area, a hub of commercial, medical, and cultural activity of southwestern Indiana and the Illinois–Indiana–Kentucky tri-state area, which is home to over 911,000 people. The 38th parallel north crosses the north side of the city and is marked on Interstate 69 immediately north of its junction with Indiana 62 within the city's east side. Situated on an oxbow in the Ohio River, the city is often referred to as the "Crescent Valley" or "River City". Early French explorers named it La Belle Rivière ("The Beautiful River"). The area has been inhabited by various indigenous cultures for millennia, dating back at least 10,000 years. Angel Mounds was a permanent settlement of the Mississippian culture from AD 1000 to around AD 1400. The European-American city was founded in 1812. Evansville anchors a regional economic hub based primarily on trade, transportation, and utilities; professional and business services; education and health services; government; leisure and hospitality; and manufacturing. Two NYSE-listed companies (Berry Global and OneMain Financial) are headquartered in Evansville, and three companies traded on NASDAQ (Escalade, Old National Bank, and Shoe Carnival) are also headquartered in Evansville. Evansville is home to Bally's Evansville, the state's first casino; Mesker Park Zoo and Botanic Garden, one of the state's oldest and largest zoos; and sports tourism industry. The city has several notable educational institutions. The University of Evansville is a private school on the city's east side, while the University of Southern Indiana is a larger public institution just outside the city's westside limits. The Indiana University School of Medicine also maintains a campus in Evansville. Other local educational institutions include the nationally ranked Signature School, the Evansville Vanderburgh Public Library, and the Evansville Vanderburgh School Corporation.

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