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These days, finding an affordable place to live in the China area can be challenging. Home prices in China are now at a median cost of $194,200, lower than the Indiana average of $232,932.
The average cost of rent is $530/mo in China, primarily driven by the current value of real estate in the China area. In China, 10.99% of households rent, and 39.51% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in China is $4,434 per month. Households that rent pay about 11.95% of their income on rent here. China’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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