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Affordable
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These days, finding an affordable place to live in the Arcola area can be challenging. Home prices in Arcola are now at a median cost of $263,483, higher than the Indiana average of $232,932.
The average cost of rent is $1,246/mo in Arcola, primarily driven by the current value of real estate in the Arcola area. In Arcola, 10.04% of households rent, and 43.01% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Arcola is $7,986 per month. Households that rent pay about 15.61% of their income on rent here. Arcola’s most expensive areas are in the northwestern 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.
Nearby Cities
- Wallen, IN: less expensive homes
- Collins, IN: less expensive homes
- Churubusco, IN: less expensive homes
- Fort Wayne, IN: less expensive homes
- Huntertown, IN: higher priced homes
- Etna, IN: less expensive homes
- Laud, IN: higher priced homes
- Columbia City, IN: less expensive homes
- Ellisville, IN: equally priced homes
- Roanoke, IN: higher priced homes
Cities with Similar Populations
- Meyersville, TX: less expensive homes
- Simpson, SC: less expensive homes
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- Gambell, AK: less expensive homes
- Newport, NJ: less expensive homes
- Neponset, IL: less expensive homes
- Germfask, MI: less expensive homes
- Mount Storm, WV: less expensive homes
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