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Vanderburgh County, IN

Knight

RANK #98 / 996 NAT  ·  #7 / 28 IN  ·  POP 179,900

1YR FORECAST: +2.7%

5YR OUTLOOK: +36%

Our model projects Vanderburgh County's housing market to grow +2.7% over the next year, significantly outpacing the national average.

[01] Why Vanderburgh County?

Vanderburgh County, Indiana, is home to Evansville, which features Bosse Field, the third-oldest ballpark used for professional baseball in the United States. Only Boston's Fenway Park and Chicago's Wrigley Field are older. Located in southwestern Indiana, Vanderburgh County is the state's eighth-smallest county by area, covering 236 square miles. The county seat, Evansville, sits on the Ohio River. Commuting within the county is generally efficient, with an average travel time of under 20 minutes. The Metropolitan Evansville Transit System (METS) provides fixed-route bus service and an on-demand rideshare option. The community offers access to outdoor recreation, including Wesselman Woods Nature Preserve, a large urban old-growth forest with nearly six miles of trails.

Vanderburgh County's quality of life is shaped by its community atmosphere and access to amenities. The Evansville Vanderburgh School Corporation serves the county with public schools that are rated above average. The local economy is diverse, with a strong manufacturing base and a growing presence in the medical and finance sectors. Recent economic developments include strategic investments in infrastructure and job creation across the region. These efforts aim to enhance the quality of life for residents and attract new businesses. The area is seeing growth in high-income households, contributing to a shifting economic landscape.

[02] Market Snapshot

Housing Ratio
2.4x

Undervalued relative to economy

GDP Growth
+2.2%

Below national median

Home Prices
+3.5%

Outpacing national median

Climate & Terrain
-2.5

Below-average climate & terrain

Price/Rent
13x

Below national median (13x)

Housing looks undervalued at 2.4x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Deaconess Health System Healthcare
    10,000+
  2. 2
    Evansville Vanderburgh School Corp. Education
    2,500+
  3. 3
    Amcor Manufacturing
  4. 4
    Berry Global Manufacturing
  5. 5
    Old National Bank Finance
  6. 6
    Mead Johnson Nutrition Manufacturing
    1,000+
  7. 7
    Ascension St. Vincent Evansville Healthcare
  8. 8
    Vectren (CenterPoint Energy) Energy
  9. 9
    TJ Maxx Distribution Center Retail
  10. 10
    Lewis Bakeries Inc Manufacturing

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Vanderburgh County U.S. National

The Numbers

DEMOGRAPHICS
Population
179,900
+0.11% YoY
Median Household Income
$58,839
Median Home Value
$162,800
+3.52% 12mo
Median Rent
$930
Average Annual Pay
$57,061
+4.1% YoY
Employment
107,139
-0.5% YoY
Income-to-Home-Value
0.3614
More affordable than average
Migration Inflow
4.71%
of pop. from another state
Bachelor's Degree+
27.1%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$209,000
Days on Market
42
Moderate pace
Months of Supply
2.3
Seller's market
Sale-to-List Ratio
97.3%
Negotiation room for buyers
Sold Above List
16.9%
Listings w/ Price Drops
26.6%
Building Permits (2024)
416
Single-Family Permits
358

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

D
SAFETY
GRADE
Homicide Rate
8.8
per 100K · nat avg 6.3
Firearm Fatalities
20.2
per 100K · nat avg 14.8
Injury Deaths
104.2
per 100K · nat avg 76.3
vs National Average
Above national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

C+
AIR QUALITY
GRADE
Median AQI (3yr)
51.3
Moderate
Good Air Days
46%
500 of 1,095 days
Unhealthy+ Days (3yr)
9
Sensitive groups affected
Primary Pollutant
PM2.5
Fine particulate matter
Yearly Trend
2021
51
2022
51
2023
52
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] Capital Investment

$1,685M
TOTAL
PROJECT AMOUNT STATUS
I-69 Ohio River Crossing
State of Indiana (INDOT)
$1,140M Under Construction
Elliot BESS (Battery Energy Storage System)
RWE Americas
$300M Proposed
Bluegrass Creek Solar Project
Orion Renewable Energy Group
$200M Proposed
Southwest Indiana READI 2.0 Grant Funding
Southwest Indiana Regional Development Authority
$45M Planned

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[08] Score Breakdown

GDP Growth +2.2% 40 percentile
Population Growth +0.1% 34 percentile
Income Growth +8.9% 60 percentile
Vacancy Rate 1.7% 16 percentile
Home Price Change +3.5% 77 percentile
Rent Growth +7.5% 92 percentile
Price/Rent 13x 51 percentile

Bars show percentile rank among all 996 counties.

[09] Frequently Asked Questions

Is Vanderburgh County, IN a good place to move to?

Vanderburgh County ranks #98 out of 996 U.S. counties on the Boom Town Index with a score of 90/100, placing it in the top tier nationally. Median household income is $58,839 and the underlying growth metrics (housing, migration, income) hold up against peer counties.

Is Vanderburgh County affordable?

By national standards, Vanderburgh County is quite affordable. Homes here have a median value of $162,800, and the income-to-home-value ratio of 0.36 is well above the U.S. average — especially with median rent at just $930/month. Residents can generally buy a home without being cost-burdened.

Is Vanderburgh County growing or shrinking?

Population and employment in Vanderburgh County are both close to flat — population +0.1% YoY and jobs -0.5%. Home values shifted +3.5% over the past 12 months. A steady-state county, neither expanding quickly nor shrinking.

Are people moving to Vanderburgh County?

There's a moderate stream of newcomers. About 4.71% of residents moved from another state, which is above average and suggests Vanderburgh County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[10] Similar Counties by Size & Score

Madison County, IN 91 Kosciusko County, IN 92 Dearborn County, IN 92 Delaware County, IN 94 Grant County, IN 85 Warrick County, IN 84 Calcasieu Parish, LA 90 Taylor County, TX 90