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These days, finding an affordable place to live in the Carbon area can be challenging. Home prices in Carbon are now at a median cost of $185,371, lower than the Indiana average of $232,932.
The average cost of rent is $953/mo in Carbon, primarily driven by the current value of real estate in the Carbon area. In Carbon, 16.45% of households rent, and 34.79% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Carbon is $7,129 per month. Households that rent pay about 13.36% of their income on rent here. Carbon’s most expensive areas are in the northeastern 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
- Smockville, IN: higher priced homes
- Perth, IN: equally priced homes
- Bridgeton, IN: higher priced homes
- Mansfield, IN: higher priced homes
- Coal Bluff, IN: equally priced homes
- Bee Ridge, IN: equally priced homes
- Harmony, IN: less expensive homes
- Brazil, IN: less expensive homes
- Knightsville, IN: less expensive homes
- Fontanet, IN: less expensive homes
Cities with Similar Populations
- Grand Mound, IA: higher priced homes
- Seman, AL: higher priced homes
- Scott, TX: higher priced homes
- Saxe, VA: less expensive homes
- Saddle Rock, NY: higher priced homes
- Racine, MN: higher priced homes
- Lake St. Croix Beach, MN: higher priced homes
- Kirkville, MS: less expensive homes
- Kiowa, KS: less expensive homes
- Kents Hill, ME: higher priced homes
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