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Affordable
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These days, finding an affordable place to live in the Chestnut Ridge area can be challenging. Home prices in Chestnut Ridge are now at a median cost of $289,529, higher than the Indiana average of $232,932.
The average cost of rent is $957/mo in Chestnut Ridge, primarily driven by the current value of real estate in the Chestnut Ridge area. In Chestnut Ridge, 4.92% of households rent, and 33.28% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Chestnut Ridge is $9,487 per month. Households that rent pay about 10.09% of their income on rent here. Chestnut Ridge’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.
Nearby Cities
- Hangman Crossing, IN: equally priced homes
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Cities with Similar Populations
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- Sumava Resorts, IN: less expensive homes
- Sunnydale, KY: less expensive homes
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