Expensive
Affordable
Affordable
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These days, finding an affordable place to live in the Chain-O-Lakes area can be challenging. Home prices in Chain-O-Lakes are now at a median cost of $249,430, higher than the Indiana average of $232,932.
The average cost of rent is $1,104/mo in Chain-O-Lakes, primarily driven by the current value of real estate in the Chain-O-Lakes area. In Chain-O-Lakes, 0.00% of households rent, and 26.93% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Chain-O-Lakes is $9,264 per month. Households that rent pay about 11.92% of their income on rent here. Chain-O-Lakes’s most expensive areas are in the central 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.
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