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Affordable
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These days, finding an affordable place to live in the Cato area can be challenging. Home prices in Cato are now at a median cost of $171,896, lower than the Indiana average of $232,932.
The average cost of rent is $913/mo in Cato, primarily driven by the current value of real estate in the Cato area. In Cato, 9.93% of households rent, and 35.91% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cato is $6,588 per month. Households that rent pay about 13.86% of their income on rent here. Cato’s most expensive areas are in the northwestern 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
- Coe, IN: less expensive homes
- Winslow, IN: less expensive homes
- Algiers, IN: equally priced homes
- Whiteoak, IN: less expensive homes
- Petersburg, IN: equally priced homes
- Glezen, IN: higher priced homes
- West Petersburg, IN: higher priced homes
- Willisville, IN: higher priced homes
- Otwell, IN: equally priced homes
- Oatsville, IN: higher priced homes
Cities with Similar Populations
- Kaweah, CA: higher priced homes
- Jersey, AR: less expensive homes
- San Acacia, NM: higher priced homes
- Sample Run, PA: equally priced homes
- Jones Prairie, TX: higher priced homes
- Jonesboro Crossing, NC: less expensive homes
- Jordan, WV: higher priced homes
- Sag Bridge, IL: higher priced homes
- Jugtown, MD: higher priced homes
- Sabinal, NM: equally priced homes
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