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These days, finding an affordable place to live in the Boone Grove area can be challenging. Home prices in Boone Grove are now at a median cost of $332,635, higher than the Indiana average of $232,932.
The average cost of rent is $1,124/mo in Boone Grove, primarily driven by the current value of real estate in the Boone Grove area. In Boone Grove, 4.24% of households rent, and 32.24% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Boone Grove is $8,509 per month. Households that rent pay about 13.21% of their income on rent here. Boone Grove’s most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Hebron, IN: less expensive homes
- Malden, IN: equally priced homes
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- Leroy, IN: equally priced homes
- Winfield, IN: higher priced homes
- Deep River, IN: equally priced homes
- Valparaiso, IN: equally priced homes
- Wheeler, IN: less expensive homes
- Southeast Grove, IN: equally priced homes
- Kersey, IN: less expensive homes
Cities with Similar Populations
- Brookvale, CO: higher priced homes
- Burns, KS: less expensive homes
- Burna, KY: less expensive homes
- Tuskahoma, OK: less expensive homes
- Ursula, AR: less expensive homes
- Buckingham, IL: less expensive homes
- Buckingham, IA: less expensive homes
- Valley Water Mills, MO: equally priced homes
- Vernon Springs, IA: less expensive homes
- Votaw, TX: less expensive homes
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