Under $500K Investment Properties for Sale in Evansville, IN
206- 3 Bed
- 2 Bath
- 1744 sft
420- 2 Bed
- 1 Bath
- 840 sft
238- 3 Bed
- 3 Bath
- 1920 sft
209- 2 Bed
- 3 Bath
- 1800 sft
Why Invest in Evansville, Indiana?
Evansville offers exceptional value for investors seeking properties under $500k in a market with strong fundamentals. The city's median home prices around $151k–$193k provide substantial room for appreciation, with analysts projecting 15–20% growth over three years. Anchored by major employers including Deaconess Health System, Berry Global, and Toyota Motor Manufacturing, Evansville delivers stable rental demand and positive cash flow potential. The affordable entry point combined with steady population growth and ongoing infrastructure investments—including a $30 million riverfront development project—positions sub-$500k properties as compelling long-term holds.
Frequently Asked Questions
Properties under $500k in Evansville typically generate strong positive cash flow due to favorable rent-to-price ratios. With median rents around $950 and entry prices in the $150k–$200k range, investors can expect monthly cash flow of $400–$600 after accounting for expenses, making this segment ideal for income-focused strategies.
Find Your Perfect Investment Property in Evansville, Indiana
Explore investment opportunities by strategy, performance, or property type
