Real Estate Investing in Evansville, Minnesota
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Should you buy in Evansville, MN? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 20.0% of homes vacant — above national norms.
What’s happening in Evansville, MN?
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Market Trends — Evansville, MN
Home Value History
Investing in Evansville Real Estate
Evansville, MN covers 1 ZIP codes and a population but the investment metrics here are tepid — this is not a market to enter casually.
Evansville is the kind of market where the cap rate on paper and the cap rate realized tend to diverge. decisively out-of-state investors should be especially careful with the assumptions they carry in.
Rents in Evansville at $873/mo have struggled to keep pace with cost increases, and vacancy has risen in pockets — a dynamic that compresses realized returns well below headline cap rates.
Demographics in Evansville show real pressure — median income of $N/AK is tepid relative to rents, and the 0% renter share includes significant cost-burdened households.
Best ZIP codes in Alexandria, MN
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ZIP Codes in Evansville, MN
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View PlansFrequently Asked Questions About Evansville, MN
How much do tenants pay in Evansville, MN?
The typical rental in Evansville, MN commands about $873/mo monthly. That rent profile measured cash flow against the $278K purchase basis.
What investment strategy works best in Evansville, MN?
A careful cash-flow rentals with hands-on management strategy Evansville, MN best. The market produces predictable results for that approach at the $278K price point.
Is real estate in Evansville, MN a good investment right now?
Investors tracking Evansville, MN will find a 3.0/5 rating supported by $278K median home values and $873/mo rents. That profile suits long-term holders targeting steady returns.
What is the typical vacancy rate in Evansville, MN?
Expect elevated vacancy in Evansville, MN. Rents at $873/mo are absorbed by the tenant base without meaningful lag.
What does house hacking look like in Evansville, MN?
House hacking in Evansville, MN is reasonable to execute. Prices around $278K and rents of $873/mo solid owner-occupant economics.
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