Real Estate Investing in Vanderburgh County, Indiana

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

9 ZIP codes • Population: 183,323

Should you buy in Vanderburgh County, IN? Our answer, based on the numbers below.

🏠 For Homebuyers
GOOD FIT
Grade B (70/100)

Solid choice β€” values are growing steadily and the market is stable enough to buy with confidence.

πŸ“ˆ For Investors
MIXED
3.1 / 5 (54/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • Elevated vacancy: 8.9% vacancy may signal weakening demand.

What’s happening in Vanderburgh County, IN?

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3.1/ 5

Investability

County-wide average

3.0/ 5

Appreciation

6.1% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

Avg Investability β˜…β˜…β˜…β˜…β˜…
Avg Home Value $210,015
Avg Monthly Rent $1,137
ZIP Codes 9

Investing in Vanderburgh County Real Estate

Vanderburgh County is one of those Indiana regions where numbers warn before they reward. 1 cities, 183,323 residents, and a rating that reflects material risk.

Vanderburgh is the kind of county where the cap rate on paper and the cap rate realized tend to diverge. decisively out-of-state capital should be especially careful with carry-in assumptions.

Vanderburgh County's population trends and income levels suggest a region where affordability is strained, constraining how aggressively rents can rise without hurting collections.

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Landlord Ground Truth

Real numbers from people who own or manage rentals in Vanderburgh County, IN. Anonymous, moderated, never written by AI.

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Avg Home Value
$210,015
Avg Monthly Rent
$1,137
1% Rule
βœ— Below
Landlord Friendly (IN)
β˜…β˜…β˜…β˜…β˜…

πŸŽ“ Colleges & Universities in Vanderburgh County

5 Colleges 11,729 Students 918 Off-Campus Renters
C+
University of Southern Indiana
4-Year Public Β· 9,282 students
πŸ“ ~918 students rent off-campus
C+
University of Evansville
4-Year Private Β· 2,109 students
C
The Salon Professional Academy-Evansville
Vocational For-Profit Β· 169 students
C
Rogers Academy of Hair Design
Vocational For-Profit Β· 101 students
D
Ross Medical Education Center-Evansville
Vocational For-Profit Β· 68 students

Investor Insight: With 918 students living off-campus, Vanderburgh County has substantial rental demand from the college population β€” typically stable, lease-renewing tenants.

Cities in Vanderburgh County

ZIP Codes in Vanderburgh County, IN

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Frequently Asked Questions About Vanderburgh County

What kind of market is, IN for investors?

, IN scores 3.1/5 for investability. Home values sit at $210K and rents near $1,137/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.

How quickly do rentals get leased in, IN?

Vacancy in, IN is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,137/mo.

Are renters plentiful in, IN?

Expect a solid tenant pool in, IN. The rental market absorbs $1,137/mo rents without meaningful friction.

How does, IN compare to the IN average?

Versus statewide IN, is broadly in line with. Its 3.1/5 investability score reflects that position.

Community Ratings

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