Most Affordable ZIP Codes in Evansville, IN-KY (2026)

The lowest entry prices that still hold a decent investability rating — cheap is only useful if the market underneath it is sound.

# ZIP City Home value Rent Cap rate 5-yr growth
1 47616 Griffin, IN $92,423 $873 7.37% 4.5%
2 47713 1% rule Evansville, IN $99,877 $1,016 7.93% 8.0%
3 42461 Uniontown, KY $103,640 $855 6.43% 4.1%
4 42451 Reed, KY $143,788 $963 5.22% 4.3%
5 47714 Evansville, IN $146,597 $1,072 5.70% 5.7%
6 47710 Evansville, IN $161,196 $811 3.92% 7.2%
7 47612 Poseyville, IN $167,114 $864 4.03% 5.4%
8 42462 Waverly, KY $175,593 $963 4.28% 4.4%
9 42458 Spottsville, KY $184,017 $855 3.62% 6.6%
10 47711 Evansville, IN $191,452 $942 3.84% 5.8%
11 42406 Corydon, KY $205,278 $855 3.25% 4.4%
12 42420 Henderson, KY $207,538 $955 3.59% 6.6%
13 47523 Dale, IN $207,772 $882 3.31% 5.8%
14 47712 Evansville, IN $211,290 $1,114 4.11% 5.8%
15 47631 New Harmony, IN $211,496 $945 3.49% 4.9%
16 47633 Poseyville, IN $211,853 $864 3.18% 5.8%
17 47610 Chandler, IN $218,185 $981 3.51% 6.3%
18 47537 Gentryville, IN $221,488 $864 3.04% 5.8%
19 47620 Mount Vernon, IN $223,115 $864 3.02% 5.5%
20 47601 Boonville, IN $233,186 $918 3.07% 5.9%
21 42452 Robards, KY $239,356 $855 2.79% 4.8%
22 47715 Evansville, IN $241,826 $1,216 3.92% 5.8%
23 47637 Tennyson, IN $260,147 $864 2.59% 7.1%
24 47613 Elberfeld, IN $265,601 $1,035 3.04% 5.8%
25 47720 Evansville, IN $273,760 $1,098 3.13% 5.8%

Ranked from Repit’s own ZIP-level data — Zillow home values and rents, HUD fair-market rents where Zillow has no coverage, and U.S. Census vacancy. Cap rate is gross: annual rent over purchase price, before financing and expenses. Every ZIP above links to its full free page. How we calculate this →

Same metro, different strategy

Cash Flow in Evansville, IN-KY  ·  Appreciation in Evansville, IN-KY

Or see the full Evansville, IN-KY metro profile.