c.1906 Indiana Victorian Style Home For Sale Under $175K
$174,900

Realtor Comments
- 3bd
- 1ba
- 2,478sqft
- 6,098sqft lot
- Circa 1906

2806 W Franklin St, Evansville, IN 47712
If interested in a property, please contact the realtor whose link is provided in the post below, or contact an agent of your own choosing. Independent verification of details and status is recommended.ย
Contact Realtor: Joelle Knight

The Pros
1. Highly Affordable Housing & Cost of Living
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Budget-Friendly Real Estate: Housing costs in Evansville are significantly below the national average, with median home values typically ranging from $130,000 to $160,000. First-time buyers, investors, and families can easily find single-family homes with generous yards.
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Low Everyday Overhead: Overall cost-of-living metrics hover around 10% to 15% below national standards, helping stretch household income further.
2. Major Regional Healthcare & Education Hub
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Healthcare Infrastructure: Evansville acts as the medical anchor for the surrounding rural counties, anchored by major healthcare systems including Deaconess Health System and Ascension St. Vincent.
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Higher Education Presence: The city is home to the University of Evansville (UE) (a private liberal arts university) and the University of Southern Indiana (USI), bringing college athletics, cultural programs, and research to the community.
3. Vibrant Downtown & Riverfront
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Revitalized Core: Downtown Evansville has seen steady revitalization, featuring local restaurants, coffee shops, the Ford Center (hosting minor league hockey, concerts, and events), and the Old National Events Plaza.
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Ohio Riverfront Walkway: The city offers scenic paved trails along the Ohio River, alongside nearby green spaces like Wesselman Woodsโone of the largest urban virgin old-growth forests in the U.S.
4. Tri-State Location & Easy Commutes
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Minimal Traffic: Average commute times are under 20 minutes across the city.
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Central Driving Proximity: Evansville sits roughly 2 hours from Louisville, KY, 2.5 hours from Nashville, TN, and 2.5 hours from St. Louis, MO, making weekend getaways convenient.
The Cons
1. Income & Wage Ceilings
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Job Market Dynamics: While healthcare, manufacturing, logistics, and education provide steady employment, local median household incomes lag behind national averages. High-paying corporate, tech, or specialized jobs can be competitive or require remote work arrangements.
2. Higher Local Crime Metrics in Certain Sectors
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Safety Disparities: Like many mid-sized industrial centers, overall violent and property crime rates in Evansville exceed Indiana state averages. Crime statistics vary considerably depending on the neighborhood, with historic/downtown central pockets reporting higher incident rates than suburban outskirts (such as the East Side or nearby Newburgh).
3. Higher Electric & Utility Bills
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Utility Costs: While housing is cheap, electricity and utility bills in the region can run higher than national averages, particularly during hot summers and cold winters.
4. Weather Extremes & Humidity
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Seasonal Shifts: Summers are hot, muggy, and humid, while winters bring chilly temperatures and periodic ice or snowfall. Positioned along the river valley, pollen and seasonal allergen counts also tend to run high in spring and fall.

















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