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.
Home Trends in Lorraine Park, IN
On average, homes in Lorraine Park, Evansville sell after 56 days on the market compared to the national average of 70 days. The median sale price for homes in Lorraine Park, Evansville over the last 12 months is $448,765, up 39% from the median home sale price over the previous 12 months.
Median Sale Price
$448,765
Median Single Family Sale Price
$600,000
Median Townhouse Sale Price
$587,680
Average Price Per Sq Ft
$258
Number of Homes for Sale
1
Last 12 months Home Sales
22
Median List Price
$593,840
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
39%