The Most Affordable Neighborhoods in Burns Harbor, IN by Home Value

 

Burns Harbor, IN Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Burns Harbor area can be challenging. Home prices in Burns Harbor are now at a median cost of $182,089, higher than the Indiana average of $175,617.

The average cost of rent is $1,208/mo in Burns Harbor, primarily driven by the current value of real estate in the Burns Harbor area. While nearly 41.08% of residents own their homes outright in Burns Harbor, 31.02% rent.

Housing affordability isn’t just about home prices, though. The average household income in Burns Harbor is $6,011 per month. Households that rent pay about 20.09% of their income on rent here. Burns Harbor's most expensive areas are in the southeastern regions, while the cheapest areas are in the eastern parts of the city.


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