in Evansville, WI • 2026 Buying Guide
Best Month
February
$222K
Avoid
June
$262K
Potential Savings
$39K
15.1% difference
Market Type
Balanced
3.0 mo. supply
Present investment properties with numbers: current rent roll, expense history, cap rate, and potential upside. Investors care about cash flow and appreciation potential, not emotional appeal.
Median Sale Price
$332K
N/A YoY
Days on Market
64
median days
Inventory
12
active listings
Sale-to-List Ratio
101.3%
selling above ask
Jan
$237K
Feb
$222K
BestMar
$240K
Apr
$254K
May
$257K
Jun
$262K
PeakJul
$258K
Aug
$261K
Sep
$259K
Oct
$245K
Nov
$256K
Dec
$235K
Based on historical sales data in Evansville
Investment property timing is about numbers, not emotions. Off-season purchases (fall/winter) often yield better cap rates because you're competing against fewer primary residence buyers. However, also consider tenant move-in timing - summer moves are easier for families.
Pro Tip: With Evansville's median price at $332K, a 20% down payment would be approximately $66K. Get pre-approved early to know exactly what you can afford.
Based on our analysis of Evansville's housing market, February is typically the best time to buy a investment property. During this month, prices average around $222K, which is 15.1% lower than peak prices in June. Investment property timing is about numbers, not emotions. Off-season purchases (fall/winter) often yield better cap rates because you're competing against fewer primary residence buyers. However, also consider tenant move-in timing - summer moves are easier for families.
The current median home price in Evansville is $332K. Investment Property prices vary based on location, size, and condition. Year-over-year, prices have changed N/A. Investment property returns come from both cash flow and appreciation. In high-growth markets, prioritize appreciation; in stable markets, focus on cash flow. The best investments often offer both.
Evansville has a balanced market. This means you have reasonable options without extreme competition. Take time to find the right investment property but be prepared to move when you find it.
Key considerations for buying a investment property in Evansville include: Calculate cap rate, cash-on-cash return, and cash flow; Factor in realistic vacancy rates (typically 5-8%); Budget for property management (10% of rent) even if self-managing. Also watch for red flags like Seller won't provide actual expense records and Deferred maintenance that will need immediate attention.
Homes in Evansville currently spend an average of 64 days on market. This suggests a slower market where you have more time to negotiate.
Investment properties require 15-25% down typically Interest rates are 0.5-1% higher than primary residence With Evansville's median price of $332K, you'll want to get pre-approved early to understand your budget.
Looking for the best time to buy a investment property in Evansville? Our analysis shows that February typically offers the best prices, with homes averaging around $222K. Buying during this time could save you up to $39K compared to peak months like June.
With a median price of $332K and homes spending an average of 64 days on market, Evansville is currently a balanced market. There's currently 3.0 months of inventory available.
Investment property returns come from both cash flow and appreciation. In high-growth markets, prioritize appreciation; in stable markets, focus on cash flow. The best investments often offer both.
Working with a local real estate agent who knows Evansville can help you understand neighborhood dynamics, identify the best opportunities, and negotiate effectively in this market.
Connect with local agents who specialize in investment properties.