LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,031
Monthly Cash Flow
-$173
Principal + Equity
$1,201
Annual Total Gain
$12,335
Cash on Cash
-4.28%
Net ROI %
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B
Overall
Top-level market grade
Best Cities to Retire in America
#63out of 229 markets
Best Cities to Buy a House in America
#18out of 229 markets
Cities with the Lowest Cost of Living in America
#3out of 229 markets
B-
Public School
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Evansville, IN.
As of September 2021, Evansville, IN does not have specific regulations in place for short term rentals (STRs). However, it is important for investors to be aware of potential changes in regulations and to stay informed about any developments in the area.
Investors should also consider the potential impact of STRs on the local community, including concerns about noise, parking, and property maintenance. It is important to be a responsible host and to communicate with neighbors and local authorities to address any issues that may arise.
Additionally, investors should be aware of any potential taxes or fees associated with operating an STR in Evansville. It is important to research and understand the local tax laws and regulations to ensure compliance with all requirements.
Overall, while Evansville may not currently have specific regulations in place for STRs, it is important for investors to stay informed and to be proactive in addressing any potential challenges or concerns that may arise in the future.
Market Trends Over Time
Explore 25 years of market data for Evansville, IN, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Evansville, IN.
The LTR Genie Score of Evansville, IN is 58, indicating a moderate level of rentability for long-term rental properties. This score is influenced by the low LTR Rentability and modest LTR Rent Growth Rate of 0.0589%. On the other hand, the STR Genie Score of 69 suggests a higher level of rentability for short-term rental properties, driven by a strong STR Net ROI of 32.15% and a solid STR Occupancy rate of 64.29%.
Comparing the LTR and STR Genie Scores, it is evident that the short-term rental market in Evansville may present a more attractive investment opportunity compared to long-term rentals. With a higher STR Genie Score and better ROI metrics, real estate investors may find greater success and profitability in the short-term rental market in Evansville.
In conclusion, based on the metrics provided, Evansville, IN appears to be a more attractive market for short-term rental investments rather than long-term rentals. With a strong STR Genie Score and favorable ROI indicators, real estate investors may want to consider focusing on short-term rental properties in this market for potentially higher returns. Additionally, it is important for investors to consider the 1-Year Price Appreciation Forecast of 1.92% when making investment decisions in Evansville.
LTR Genie Score 93
$199,999
🛏 5 Beds🛁 2.0000 Baths🏙 2,675 sqft.🏠 SINGLE FAMILY
