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These days, finding an affordable place to live in the Cherry Grove area can be challenging. Home prices in Cherry Grove are now at a median cost of $230,841, lower than the Indiana average of $232,932.
The average cost of rent is $790/mo in Cherry Grove, primarily driven by the current value of real estate in the Cherry Grove area. In Cherry Grove, 10.79% of households rent, and 33.41% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cherry Grove is $7,125 per month. Households that rent pay about 11.08% of their income on rent here. Cherry Grove’s most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Linden, IN: less expensive homes
- Smartsburg, IN: equally priced homes
- Wesley, IN: equally priced homes
- Elmdale, IN: less expensive homes
- New Richmond, IN: less expensive homes
- Crawfordsville, IN: less expensive homes
- Darlington, IN: less expensive homes
- Wingate, IN: less expensive homes
- Yountsville, IN: less expensive homes
- Waynetown, IN: less expensive homes
Cities with Similar Populations
- Forksville, PA: equally priced homes
- Essex, NY: higher priced homes
- Twin Rocks, PA: less expensive homes
- Meeteetse, WY: higher priced homes
- Mcville, ND: less expensive homes
- Troy, ME: equally priced homes
- Faunsdale, AL: less expensive homes
- Finley, ND: less expensive homes
- Florence, SD: higher priced homes
- Forest, WI: higher priced homes
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