The Most Affordable Neighborhoods in Anderson, IN by Home Value

These days, finding an affordable place to live in the Anderson area can be challenging. Home prices in Anderson are now at a median cost of $139,657, lower than the Indiana average of $232,932.

The average cost of rent is $1,009/mo in Anderson, primarily driven by the current value of real estate in the Anderson area. In Anderson, 36.08% of households rent, and 42.18% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Anderson is $4,782 per month. Households that rent pay about 21.10% of their income on rent here. Anderson’s most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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