What Is The Average Home Price In Evansville, Indiana?

Published On: August 27, 2018|Categories: Blog, Dubois County News, Evansville|Tags: Average Home Price In Evansville, Evansville real estate, Mortgage Credit Certificate, Next Home|

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.

Are You Thinking of Buying a Home in Dubois County?

Use our site to search homes for sale in Jasper, Dubois, Spencer, Martin and Davis counties and all of our surrounding areas. Unlike the “big name” sites out there, at Sell 4 Free Welsh Realty our site is directly connected to our local MLS and is updated with new homes every hour. By signing up for New Listing alerts you can stay on top of the newest homes for sale and get price change alerts so you can stay ahead of other buyers and beat them to the hottest deals!