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These days, finding an affordable place to live in the Cottage Grove area can be challenging. Home prices in Cottage Grove are now at a median cost of $163,537, lower than the Indiana average of $175,617.
The average cost of rent is $889/mo in Cottage Grove, primarily driven by the current value of real estate in the Cottage Grove area. While nearly 34.70% of residents own their homes outright in Cottage Grove, 21.27% rent.
Housing affordability isn’t just about home prices, though. The average household income in Cottage Grove is $4,792 per month. Households that rent pay about 18.55% of their income on rent here. Cottage Grove's most expensive areas are in the northeastern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Lotus, IN: equally priced homes
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- West College Corner, IN: less expensive homes
- Fairhaven, OH: equally priced homes
- Liberty, IN: less expensive homes
- Roseburg, IN: less expensive homes
- Morning Sun, OH: equally priced homes
- Old Bath, IN: equally priced homes
- Dunlapsville, IN: less expensive homes
- Bath, IN: equally priced homes
Cities with Similar Populations
- Rockville, SC: higher priced homes
- Wheeless, OK: less expensive homes
- Wetipquin, MD: higher priced homes
- Cherrystone, VA: higher priced homes
- Chestnutridge, MO: higher priced homes
- Chickamaw Beach, MN: less expensive homes
- Westover, SD: less expensive homes
- Chimes, AR: less expensive homes
- Chimney Rock Village, NC: higher priced homes
- China, IN: equally priced homes
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