Evansville 2025 Q1 Multifamily Market Overview

Market Overview

While this report did not include a dedicated section for Indianapolis, the metro continues to show strength in its workforce housing segment. The city’s affordability, stable employment base, and limited new supply in Class B and C assets create favorable conditions for value-add investments. Submarkets like Avon, Greenwood, and Lawrence are seeing increased investor interest, supported by population growth and infrastructure expansion.

About The Kirkland Company

The Kirkland Company is a specialized multifamily brokerage headquartered in Nashville, Tennessee. Operating across the Southeast and Midwest, the firm focuses exclusively on multifamily transactions in secondary and tertiary markets. Kirkland provides asset-level sales data, submarket trends, and in-depth transaction commentary. Known for its boutique approach, the firm maintains a strong regional presence and deep relationships with private and institutional owners across more than a dozen states.