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Affordable
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These days, finding an affordable place to live in the Chelsea area can be challenging. Home prices in Chelsea are now at a median cost of $182,831, lower than the Indiana average of $232,932.
The average cost of rent is $749/mo in Chelsea, primarily driven by the current value of real estate in the Chelsea area. In Chelsea, 13.59% of households rent, and 38.77% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Chelsea is $6,239 per month. Households that rent pay about 12.00% of their income on rent here. Chelsea’s most expensive areas are in the northern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Saluda, IN: equally priced homes
- Paynesville, IN: equally priced homes
- Hanover, IN: equally priced homes
- Kent, IN: higher priced homes
- Lexington, IN: equally priced homes
- Nabb, IN: higher priced homes
- Otto, IN: higher priced homes
- New Washington, IN: higher priced homes
- Volga, IN: higher priced homes
- Marysville, IN: higher priced homes
Cities with Similar Populations
- Haywood, OK: equally priced homes
- Hoehne, CO: higher priced homes
- Hobbs, IN: higher priced homes
- Hinsdale, MT: less expensive homes
- Miltonboro, VT: higher priced homes
- Minaville, NY: higher priced homes
- Mission, DE: higher priced homes
- Mitchell, OR: higher priced homes
- St. Augustine, IL: less expensive homes
- Hegg, WI: higher priced homes
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