$141,857Average Value$258Average Price per Sq Ft2Homes For Sale
Resilient community Five Points ahead
Wide streets veer from Covert Avenue into this east side Evansville community of Lorraine Park. “It’s a small community with caring, generous people and safe streets,” says Becky Kasha, Managing Broker at NextHome Hahn Kiefer Residential. Named after the greenspace on its northeast corner, this neighborhood is known for quiet suburban vibes not far from its neighboring urban amenities. “There are many big-city offerings nearby, like universities, sports complexes and the lovely Ohio Riverfront,” adds Kasha. Established in 2000, the Lorraine Park Neighborhood Association is active and has worked with the city to manage crime, prevent flooding and bring in new development. Home to Five Points—the lowest point in Evansville—at its center, this area was susceptible to significant flooding prior to the installation of a sewer-storm water separation system which was implemented in 2010. Today, neighbors regularly frequent Lorraine Park, spending time at its public pool or picnicking under its pavilion. For a quick 2-mile commute downtown, residents can take Washington Avenue straight into the city or use the East Lloyd Expressway. Despite its low-lying geography, Lorraine Park is a community on the rise.
Homes in Lorraine Park typically sell after 28 days on the market.
The West Side Nut Club Fall Festival attracts over 200,000 people each year.
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Mid-century ramblers and cottages
The real estate market in Lorraine Park is competitive because of its entry-level pricing and easy access to Covert Avenue. “The market has been affected by higher interest rates since 2008,” says Kasha, who has been selling in the area for over 10 years. “Inventory is low, but things are starting to thaw now that interest rate cuts are around the corner.” Most homes were constructed in the 1950s, and feature rambler or ranch-styles, and cottage designs. With a median sales price of $130,000, home values here are on par with the average property in the Evansville metro area. Prices in Lorraine Park range from as low as $70,000 for a two-bedroom fixer-upper to upwards of $200,000 for a three-bedroom brick rambler with updated amenities. Most homes are equipped with paved driveways, detached garages and ornate fencing for added privacy. Located at the lowest elevation point in Evansville, known as Five Points, or the place where five streets intersect – Alvord Boulevard, twice, Monroe Avenue, Alvord Lane and Southeast Boulevard – some homes in this area may experience flooding. However, the city of Evansville did implement a sewer-storm water separation network in 2010 and continues to work with The National Flood Insurance Program to help residents obtain affordable insurance, as a safety precaution.
The average home in Lorraine Park is roughly 1,334 square feet.
The median home in Lorraine Park was constructed in 1952.
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Cheer on the Dolphins at Lorraine Park
When seeking time outdoors, Lorraine Park acts as the primary gathering space for residents. It offers a mulched playground, shaded picnic areas and a public pool which is open during the warmer months. Youth swimmers can join the Lorraine Dolphins swim team, which practices in the morning hours during the summer. The pool is monitored by the Evansville Department of Parks & Recreation and has daily entry fees that vary depending on age. Another nearby outdoor option is Vann Park, located 1 mile east. It features a playground and picnic tables for on-the-go dining. Swonder Ice Arena is also just 2 miles away and offers public skating times and a variety of programs for hockey, figure skating and roller derby year-round.
Active residents head to Lorraine Park for a public pool, playgrounds, and shaded picnic areas.
Vann Park offers local residents a playground, picnic tables, and green space.
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Shopping along Covert Avenue
Groceries and everyday essentials are available along Covert Avenue, which features retailers like Simpson's Supermarket, Walmart and Walgreens Pharmacy. Local shops like The Book Broker, sells video games and comics, while the Riverside Antique Mall is the go-to spot for hand-picked vintage goods. Dining options here include Covert Una Pizza, which serves a range of authentic Italian entrees from pizzas to strombolis; and the long-standing Golden Buddha, known for its diverse menu of affordable Chinese fare. It has served the Evansville community for over 40 years. For a relaxed dining experience, J's Sportsbar and Grill offers traditional bar food and many TVs to watch sports.
Family Dollar offers Lorraine Park residents convenience items and home goods at value prices.
Lorraine Park homeowners shop at Walmart for groceries, decor, and other home goods.
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Education at Evansville Vanderburgh Schools
Families in Lorraine Park are zoned for Evansville Vanderburgh Schools. Students may attend schools like Dexter Elementary, Washington Middle and Benjamin Bosse High, which have earned ratings of C, C-plus and B-minus from the review site, Niche. Dexter Elementary School implements a positive behavior program, which holds students accountable for their actions within the classroom and promotes a healthy school environment. Washington Middle School offers a robust athletic program with a range of sports from track and cross country to basketball and volleyball. Benjamin Bosse High School offers a standard curriculum with 3 AP course options to choose from. Private options like Evansville Christian School and Reitz Memorial High School are also available nearby. For those interested in pursuing higher education degrees, the University of Evansville is 2 miles north of the community and is home to 2,200 students.
The AP® participation rate at Benjamin Bosse High School is 24%.
The student population of Washington Middle School is 354 and the school serves 6-8.
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Take the METS bus or commute downtown on Covert Avenue
Residents in Lorraine Park rely on Covert Avenue for easy access to downtown and neighboring areas like the Presidents community. Those seeking public transportation take the METS bus, which also operates along Covert Avenue. When traveling farther outside the community, the Evansville Regional Airport is 8 miles away. For healthcare, the Ascension St. Vincent Evansville Hospital is 2 miles from the neighborhood.
METS bus offers Lorraine Park residents access to a network of bus routes.
Lorraine Park residents benefit from being less than 12 minutes to downtown Evansville.
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Crime
Lorraine Park’s CAP Index crime score is 4 out of 10, which is the same as the national average of 4.
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Interested in learning more about homes in this area?
Reach out to
Jerrod Eagleson,
an experienced agent in this neighborhood.
Parks in this Area
Vann Park
Lorraine Park
Mesker Park Zoo
Howell Park
Transit
Airport
Evansville Regional
14 min drive
Lorraine Park Demographics and Home Trends
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.
Housing Trends
Median List Price
$587,680
Median Sale Price
$448,765
Median Single Family Sale Price
$600,000
Median Townhouse Sale Price
$587,680
Median Change From 1st List Price
1%
Last 12 months Home Sales
22
Median Home Sale Price YoY Change
39%
Average Price Per Sq Ft
$258
Neighborhood Facts
Number of Homes in Neighborhood
497
Number of Homes for Sale
2
Median Year Built
1952
Months of Supply
1.10
Average Single Family Home Size Sq Ft
1,333
Significantly below the national average
1,924
Average Townhouse Size Sq Ft
1,544
Median Lot Size Sq Ft
7,840
Distribution of Home Values
Source: Public Records
Interested in learning more about homes in this area?
Reach out to
Jerrod Eagleson,
an experienced agent in this neighborhood.
Average Home Value
Source: Public Records
Property Mix - Square Feet
This Neighborhood Has More Owners
Demographics
Total Population
1,493
Median Age
38
Population under 18
23.9%
On par with the national average
23.8%
Population over 65
16.4%
On par with the national average
19.1%
Finances
Median Household Income
$54,417
Significantly below the national average
$71,702
Average Household Income
$59,105
Education and Workforce
High School Graduates
92.1%
College Graduates
15.2%
Below the national average
34.1%
Advanced Degrees
6.5%
Below the national average
13.3%
% Population in Labor Force
66.2%
Area Factors
Bikeable
Bike Score®
52/ 100
Somewhat Walkable
Walk Score®
56/ 100
Source: Walk Score
Source: Walk Score
Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
