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Affordable
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These days, finding an affordable place to live in the Brazil area can be challenging. Home prices in Brazil are now at a median cost of $158,418, lower than the Indiana average of $232,932.
The average cost of rent is $978/mo in Brazil, primarily driven by the current value of real estate in the Brazil area. In Brazil, 20.34% of households rent, and 37.49% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Brazil is $6,500 per month. Households that rent pay about 15.05% of their income on rent here. Brazil’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northern 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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