The median home value in Evansville is actually $116,100. The home values in Evansville increases 5.1 percent over the past year. They’re expected to increase nearly another 4 percent over this next year too. The median price of homes listed in Evansville right now is $145,000. For a $145,000 mortgage, even at a higher 5 percent interest rate, your mortgage would be around $770. That’s right about the price of rent. Now is the time to buy!
Now, when you include Indiana home ownership programs into the mix, like My Home Conventional or Next Home you can get lower interest rates which translate into lower monthly payments. You can also look into the Mortgage Credit Certificate before you make your purchase. That could offset the cost of home ownership significantly by way of a tax credit for the entire life of that mortgage.
Even if you’re not sure if you can afford to buy, you can always give us a call. We can refer you to lenders who may be able to get you into programs offered by the State of Indiana. Call soon, because interest rates and home prices are expected to continue to rise.
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Are You Ready to Buy a New Home?
If you’re interested in moving to a community near Evansville or Jasper, Indiana, check out our listings. Become familiar with the area. Before you start shopping for a home in Indiana, it’s a good idea to explore areas you might like to live in — that way you can get a feel for what properties are available and how much you’ll need to spend. We’ll help you find homes for sale in the most beautiful parts of Indiana.
Let us know if you want us to be on the lookout for Evansville or Dubois County homes with solar arrays, geothermal systems or other green upgrades too!
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Thinking of Selling Your Dubois County Home?
On the other hand, if you’d like to sell your Dubois County real estate, we’d love to help with that too! We offer a completely FREE Comparative Market Analysis (CMA). Zillow’s zestimates can be off by as much as 12 percent! Obviously, to make any decisions, you need to know the actual value of your property, right? A 12 percent difference could be a deal breaker when it comes down to it. Yet, if you contact us today, we can get you a detailed report and the estimated value for your home based on today’s market. Plus, we can get that to you usually in less than one day. So, request your FREE home valuation for your Dubois County home today!