Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$202,409+4.4% YoY · prices are rising fast
Market right nowBalanced marketMore homes for sale than last year, 26% have cut their price
Income needed to buy, per year$43,878About 0.7× the local median income ($63,717): affordable for a typical household
Days on market53 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+2.9%Zillow expects prices to rise slightly
The typical home in Vanderburgh County, IN is worth $202,409, up 4.4% from a year ago. That is well above what local incomes have historically supported: fair value is about $175,973, so the area is 15.0% overvalued. It is a balanced market: homes take about 53 days to sell, listings are up 7% from a year ago, 26% of listings have had a price cut. Zillow expects prices to rise about 2.9% over the next year. A household needs about $43,878 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $63,717. Typical rent is $1,058 a month, or $1,132 for a house. In the latest IRS figures, 382 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$202,409
Change in 1 year
+4.4%
Overvalued %
+15.0%
Show 7 more
Fair home value
$175,973
Change in 5 years
+29.3%
Zillow forecast, next 12 months
+2.9%
Home value to income
3.2×
Monthly mortgage payment (20% down)
$1,097
Income needed to afford it
$43,878
Property tax rate
0.80%
Rent and investing
Typical rent
$1,058
Typical rent for houses
$1,132
Price-to-rent ratio
15.9×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,127
Gross rental yield
6.27%
Cap rate (estimate)
4.08%
Market activity
Listings vs a year ago
+6.9%
Days on market
53
Listings with a price cut
26.5%
Show 3 more
Homes for sale
590
Pending sales per 100 listings
35
Asking price per sq ft
$135
People and jobs
Median household income
$63,717
Population change (1 year)
+0.5%
Unemployment rate
4.2%
Show 4 more
Population
181,995
Income adjusted for cost of living
$69,636
Net moves in (IRS)
−382
Cost of living (US = 100)
91.5
Schools, risk and environment
School rating (1 to 10)
5.1
FEMA hazard risk score (0 to 100)
91.3
Unhealthy air days a year
0
Show 4 more
Flood risk score
89.8
Wildfire risk score
31.2
Walkability (1 to 20)
7.5
Road, rail and air noise
53 dB
Questions people ask
Is Vanderburgh County, IN overvalued?
Home prices in Vanderburgh County, IN are well above what local incomes have historically supported: fair value is about $175,973, so the area is 15.0% overvalued.
Is Vanderburgh County, IN a buyer's or seller's market?
Vanderburgh County, IN is a balanced market: homes take about 53 days to sell, listings are up 7% from a year ago, 26% of listings have had a price cut.
Are home prices going down in Vanderburgh County, IN?
Home values in Vanderburgh County, IN are up 4.4% over the last year. Zillow's forecast for the next 12 months is +2.9%.
How much do you need to earn to buy a home in Vanderburgh County, IN?
A household needs about $43,878 a year to afford the typical home in Vanderburgh County, IN at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $63,717.