Evansville, IN
Landlord insurance in Evansville, Indiana
Local rental data and insurance guidance for Evansville property owners. A quote is not a binder.
Census estimates put Evansville's renter-occupied share at 45%, or roughly 24,108 of 53,095 occupied homes. Compared with 29% across Indiana, that is above average, and it tells you a lot about the local rental stock owners are insuring.
Census snapshot: Evansville housing
| Measure | Evansville | Indiana |
|---|---|---|
| Renter-occupied homes | 45% (24,108) | 29% |
| Median owner-occupied home value | $143,100 | $218,200 |
| Median gross rent | $975/mo | $1,062/mo |
| Median year structure built | 1961 | 1976 |
| Homes in 2–4 unit buildings | 10% | 6% |
| Single-family homes (detached or attached) | 67% | 77% |
Figures from the U.S. Census Bureau (ACS 2020–2024 five-year estimates; 2024 population estimates).
Setting coverage on a Evansville rental
Evansville's median home value, roughly $143,100, gives a rough sense of what rentals here are worth; the state median is $218,200. For insurance, ask for a replacement-cost estimate on your specific building.
If your rental is insured somewhere around Evansville's median, the closest NAIC benchmark is the Under $150,000 band, where the 2023 Indiana dwelling-fire average was $614. The all-amounts state figure was $753.
Loss-of-rents planning in Evansville
Median gross rent in Evansville is about $975 a month. A year of lost rent at that level is roughly $11,700 per unit, a useful yardstick when you choose fair rental value coverage.
Building age and underwriting in Evansville
The median Evansville home was built around 1961. Rentals from that era may still have original panels, aging supply lines, or roofs on a second or third replacement, which are the details underwriters ask about first.
Evansville's mix of rental buildings
Two-to-four-unit buildings make up about 10% of Evansville's housing, well above many places. Duplexes and fourplexes can usually stay on dwelling forms; see our duplex and fourplex guide for shared-area and per-unit rent questions.
Comparing Evansville to neighboring cities
Nearby Indianapolis reports 44% renter households and a $224,800 median home value, so proportionally fewer renters than Evansville. In Fort Wayne, 38% of occupied homes are rented and the median value is $188,900. For comparison, Fishers comes in at 24% rented and $391,000 median value, with median rent of $1,611. Evansville places 9 of 25 profiled Indiana cities by share of rented homes. Roughly 22% of homes in Evansville are in buildings of five or more units, the point where most owners move to commercial apartment policies.
Natural hazards Evansville landlords plan for
Typical Indiana property risks such as tornadoes and severe thunderstorm wind and hail affect owners in Evansville and the rest of Vanderburgh County. Flood and earthquake are excluded from standard dwelling forms and need their own coverage.
Hazard themes reflect FEMA’s National Risk Index and NOAA’s Storm Events Database; check the index for your specific county.
Your Evansville quote checklist
- Desired liability limit and loss-of-rents amount
- Property location in Evansville and unit count
- Construction year plus the age of the roof
- Occupancy: long-term lease, month-to-month, short-term, or vacant
- Electrical, plumbing, and heating update years
- Prior carrier, expiration date, and five-year loss history
- Mortgage company details, if financed
Request a Evansville landlord quote
Evansville landlord insurance questions
How many renters live in Evansville?
About 45% of occupied homes in Evansville, roughly 24,108 households, are renter-occupied according to the 2020–2024 American Community Survey.
Do Evansville landlords have to carry insurance?
Not by statute. In practice, a Evansville rental with a mortgage will need property coverage, and associations or managers often insist on liability limits.
What is a typical landlord premium in Evansville?
It depends on the building, coverage, and deductible. For background, the NAIC reported a 2023 Indiana dwelling-fire average of $753; see our Indiana page for the full table.
More landlord pages near Evansville
Landlord insurance in Indiana · Cost by state
Last updated October 15, 2026. Sources and method: how we research.