Why Live in Lorraine Park
Lorraine Park in Evansville is a neighborhood known for its competitive real estate market, featuring entry-level pricing and convenient access to Covert Avenue. Homes here, primarily built in the 1950s, include rambler, ranch, and cottage styles, often equipped with paved driveways, detached garages, and ornate fencing. While some homes may experience flooding due to the area's low elevation, the city has implemented a sewer-storm water separation network to mitigate this issue. Lorraine Park serves as a central gathering spot with amenities like a mulched playground, shaded picnic areas, and a public pool, home to the Lorraine Dolphins swim team. Nearby Vann Park and Swonder Ice Arena offer additional recreational options. Essential shopping and dining are accessible along Covert Avenue, featuring retailers such as Simpson's Supermarket, Walmart, and Walgreens Pharmacy, as well as local favorites like Covert Una Pizza and Golden Buddha. Public transportation is available via the METS bus, and the Evansville Regional Airport is 8 miles away. Healthcare needs are met by the Ascension St. Vincent Evansville Hospital, located 2 miles from the neighborhood. Families are zoned for Evansville Vanderburgh Schools, with options like Dexter Elementary, Washington Middle, and Benjamin Bosse High. Private schools and the University of Evansville, just 2 miles north, provide additional educational opportunities.
Frequently Asked Questions
Is Lorraine Park a good place to live?
Lorraine Park is a good place to live. Lorraine Park is considered somewhat walkable and bikeable. Lorraine Park has 4 parks for recreational activities. It has a median age of 38. The average household income is $59,105 which is below the national average. College graduates make up 15.2% of residents. A majority of residents in Lorraine Park are home owners, with 44.8% of residents renting and 55.2% of residents owning their home. A
local real estate agent serving Lorraine Park can help you decide if this neighborhood is the right one for you. Learn more on our
Lorraine Park neighborhood guide.
How much do you need to make to afford a house in Lorraine Park?
The median home price in Lorraine Park is $159,888. If you put a 20% down payment of $32,000 and had a 30-year fixed mortgage with an interest rate of 6.56%, your estimated principal and interest payment would be $810 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $35K a year to afford the median home price in Lorraine Park. The average household income in Lorraine Park is $59K.
What are the best public schools in Lorraine Park?
The best public schools that serve Lorraine Park are:
What are the best private schools in Lorraine Park?
The best private schools that serve Lorraine Park are:
What are the most popular zip codes in Lorraine Park, Evansville, IN?
What are the most popular neighborhoods near Lorraine Park, Evansville, IN?
Home Trends in Lorraine Park, IN
On average, homes in Lorraine Park, Evansville sell after 26 days on the market compared to the national average of 52 days. The median sale price for homes in Lorraine Park, Evansville over the last 12 months is $161,000, up 22% from the median home sale price over the previous 12 months.
Median Sale Price
$161,000
Median Single Family Sale Price
$160,000
Average Price Per Sq Ft
$95
Number of Homes for Sale
1
Last 12 months Home Sales
26
Median List Price
$159,888
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
22%