How much house does $500,000 buy you in Evansville?
Back in 2014, spending $500,000 on a house was generally reserved for high earners. The typical U.S. home sold for $159,000, while starter homes averaged just $101,000. Fast-forward to today, and prices have more than doubled: A standard home now sells for $440,000, with starter homes approaching $300,000.
These current prices have put homeownership out of reach for many – and things don't look to be improving. Prices are still rising, affordability keeps dropping, and starter homes are becoming harder to find as home values climb. This has created a very sluggish and difficult housing market. In fact, even the usual busy spring and summer buying seasons were unusually slow this year.
While $500,000 once stretched much further, in many cities today, it's not nearly enough. But what about Evansville?
To find out, Redfin Real Estate found listings near the $500,000 mark to see what types of homes you can actually afford in Evansville right now. Listings below $500,000 were included if necessary.
15333 Reading Dr, Evansville, IN 47725
- Price: $499,900
- 5 bedrooms, 3.5 bathrooms
- Square feet: 3,662
- See 15333 Reading Dr, Evansville, IN 47725 on Redfin.com
9076 Halston Cir, Newburgh, IN 47630
- Price: $492,000
- 5 bedrooms, 3.5 bathrooms
- Square feet: 3,276
- See 9076 Halston Cir, Newburgh, IN 47630 on Redfin.com
10386 Regent Ct, Newburgh, IN 47630
- Price: $474,000
- 5 bedrooms, 3 bathrooms
- Square feet: 3,732
- See 10386 Regent Ct, Newburgh, IN 47630 on Redfin.com
1500 S Pelzer Rd, Boonville, IN 47601
- Price: $495,000
- 5 bedrooms, 3 bathrooms
- Square feet: 3,112
- See 1500 S Pelzer Rd, Boonville, IN 47601 on Redfin.com
3525 Koring Rd, Evansville, IN 47720
- Price: $470,000
- 5 bedrooms, 3 bathrooms
- Square feet: 2,999
- See 3525 Koring Rd, Evansville, IN 47720 on Redfin.com
18802 Roscommon Rd, Evansville, IN 47725
- Price: $479,900
- 5 bedrooms, 3 bathrooms
- Square feet: 2,995
- See 18802 Roscommon Rd, Evansville, IN 47725 on Redfin.com
5633 Byerson Dr, Newburgh, IN 47630
- Price: $459,900
- 5 bedrooms, 3 bathrooms
- Square feet: 2,726
- See 5633 Byerson Dr, Newburgh, IN 47630 on Redfin.com
15743 Old State Rd, Evansville, IN 47725
- Price: $479,900
- 5 bedrooms, 3 bathrooms
- Square feet: 2,706
- See 15743 Old State Rd, Evansville, IN 47725 on Redfin.com
2388 Crosswalk Ln, Newburgh, IN 47630
- Price: $469,900
- 5 bedrooms, 3 bathrooms
- Square feet: 2,700
- See 2388 Crosswalk Ln, Newburgh, IN 47630 on Redfin.com
7255 Timber View Dr, Newburgh, IN 47630
- Price: $499,900
- 5 bedrooms, 2.5 bathrooms
- Square feet: 3,537
- See 7255 Timber View Dr, Newburgh, IN 47630 on Redfin.com
9655 Arlington Ct, Newburgh, IN 47630
- Price: $495,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,825
- See 9655 Arlington Ct, Newburgh, IN 47630 on Redfin.com
625 Brook Run Ct, Evansville, IN 47711
- Price: $499,900
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,264
- See 625 Brook Run Ct, Evansville, IN 47711 on Redfin.com
2939 Lucerne Ave, Evansville, IN 47725
- Price: $465,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,064
- See 2939 Lucerne Ave, Evansville, IN 47725 on Redfin.com
3530 Montgomery Ct, Newburgh, IN 47630
- Price: $459,900
- 4 bedrooms, 3.5 bathrooms
- Square feet: 2,451
- See 3530 Montgomery Ct, Newburgh, IN 47630 on Redfin.com
9147 Halston Cir, Newburgh, IN 47630
- Price: $455,500
- 4 bedrooms, 3 bathrooms
- Square feet: 3,304
- See 9147 Halston Cir, Newburgh, IN 47630 on Redfin.com
664 S Alvord Blvd, Evansville, IN 47714
- Price: $474,500
- 4 bedrooms, 3 bathrooms
- Square feet: 3,020
- See 664 S Alvord Blvd, Evansville, IN 47714 on Redfin.com
4331 Chaska Dr, Evansville, IN 47725
- Price: $469,000
- 4 bedrooms, 3 bathrooms
- Square feet: 2,302
- See 4331 Chaska Dr, Evansville, IN 47725 on Redfin.com
8356 Spencer Dr, Newburgh, IN 47630
- Price: $455,900
- 4 bedrooms, 3 bathrooms
- Square feet: 2,283
- See 8356 Spencer Dr, Newburgh, IN 47630 on Redfin.com
4011 Frame Rd, Newburgh, IN 47630
- Price: $499,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 4,410
- See 4011 Frame Rd, Newburgh, IN 47630 on Redfin.com
1528 Victoria Green Blvd, Evansville, IN 47715
- Price: $479,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 3,179
- See 1528 Victoria Green Blvd, Evansville, IN 47715 on Redfin.com
2935 Atcheson Dr, Evansville, IN 47725
- Price: $455,800
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,791
- See 2935 Atcheson Dr, Evansville, IN 47725 on Redfin.com
10111 Gallop Way, Evansville, IN 47725
- Price: $489,990
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,740
- See 10111 Gallop Way, Evansville, IN 47725 on Redfin.com
3538 Greeley Dr, Evansville, IN 47715
- Price: $457,800
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,410
- See 3538 Greeley Dr, Evansville, IN 47715 on Redfin.com
3528 Koring Rd, Evansville, IN 47720
- Price: $490,000
- 4 bedrooms, 2 bathrooms
- Square feet: 2,488
- See 3528 Koring Rd, Evansville, IN 47720 on Redfin.com
19430 U.S. 60, Owensboro, KY 42301
- Price: $483,000
- 4 bedrooms, 2 bathrooms
- Square feet: 2,050
- See 19430 U.S. 60, Owensboro, KY 42301 on Redfin.com
1150 E Hillsdale Rd, Evansville, IN 47725
- Price: $469,900
- 3 bedrooms, 3.5 bathrooms
- Square feet: 2,944
- See 1150 E Hillsdale Rd, Evansville, IN 47725 on Redfin.com
1622 Fuquay Rd, Evansville, IN 47715
- Price: $499,900
- 3 bedrooms, 3 bathrooms
- Square feet: 3,412
- See 1622 Fuquay Rd, Evansville, IN 47715 on Redfin.com
3814 E Mulberry St, Evansville, IN 47714
- Price: $475,500
- 3 bedrooms, 3 bathrooms
- Square feet: 3,161
- See 3814 E Mulberry St, Evansville, IN 47714 on Redfin.com
2848 Thornhill Dr, Evansville, IN 47725
- Price: $454,900
- 3 bedrooms, 3 bathrooms
- Square feet: 2,466
- See 2848 Thornhill Dr, Evansville, IN 47725 on Redfin.com
518 Turner Rd, Mount Vernon, IN 47620
- Price: $499,900
- 3 bedrooms, 1 bathroom
- Square feet: 2,116
- See 518 Turner Rd, Mount Vernon, IN 47620 on Redfin.com
