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These days, finding an affordable place to live in the Cannelton area can be challenging. Home prices in Cannelton are now at a median cost of $146,079, lower than the Indiana average of $232,932.
The average cost of rent is $727/mo in Cannelton, primarily driven by the current value of real estate in the Cannelton area. In Cannelton, 34.23% of households rent, and 42.24% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cannelton is $4,217 per month. Households that rent pay about 17.24% of their income on rent here. Cannelton’s most expensive areas are in the northeastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Tell City, IN: equally priced homes
- Skillman, KY: less expensive homes
- Tobinsport, IN: higher priced homes
- Sunny Corner, KY: less expensive homes
- Petri, KY: higher priced homes
- Hawesville, KY: less expensive homes
- Chambers, KY: less expensive homes
- Lilly Dale, IN: higher priced homes
- Rome, IN: equally priced homes
- Dukes, KY: less expensive homes
Cities with Similar Populations
- Cordova, AK: higher priced homes
- Lost Hills, CA: higher priced homes
- Petersburg, TN: higher priced homes
- Walterhill, TN: higher priced homes
- Parkersburg, IA: higher priced homes
- Upper Lake, CA: higher priced homes
- Omaha, AR: higher priced homes
- Gibbon, NE: higher priced homes
- Jeffersonville, GA: less expensive homes
- Hinckley, IL: higher priced homes
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