742 Evergreen Terrace is the address of the Simpson family home.
In order for the Simpson family to purchase the home, Abraham Simpson sold his old house and wrote Homer a check for $15,000, allowing him to pay the down payment on the house. In No Loan Again, Naturally it is revealed that the Simpsons are unable to afford their mortgage anymore, due to Homer constantly loaning money against the house, which causes Ned Flanders to buy the house for $101,000 and rent it to the Simpsons.
The house to the left of the Simpsons house is the Flanders' house, which is owned outright by Ned Flanders.
The house on the right has no current owners. It was formerly owned by Sideshow Bob (disguised as Walt Warren), Ruth Powers, Laura Powers, Sylvia Winfield and Mr. Winfield, Terrence and Emily (Also home to Mr. Reader, Mrs. Reader and Baby Reader in The Simpsons Comic).
Marge once said that Evergreen Terrace is "the street that smells like pee". Oddly, former presidents George Bush and Gerald Ford have previously moved in to the street, albeit in a house across the street. The House has been destroyed,sunk and other problems have happened.