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These days, finding an affordable place to live in the Downey area can be challenging. Home prices in Downey are now at a median cost of $195,316, lower than the Pennsylvania average of $288,156.
The average cost of rent is $957/mo in Downey, primarily driven by the current value of real estate in the Downey area. In Downey, 8.97% of households rent, and 58.59% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Downey is $6,053 per month. Households that rent pay about 15.80% of their income on rent here. Downey’s most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Shanksville, PA: equally priced homes
- Macdonaldton, PA: less expensive homes
- Brotherton, PA: equally priced homes
- Indian Lake, PA: higher priced homes
- Berlin, PA: less expensive homes
- Salco, PA: less expensive homes
- New Baltimore, PA: less expensive homes
- Glen Savage, PA: less expensive homes
- Friedens, PA: equally priced homes
- Pine Hill, PA: less expensive homes
Cities with Similar Populations
- Rodman, IA: equally priced homes
- Lumber City, PA: less expensive homes
- Lumberton, VA: higher priced homes
- Lyden, NM: higher priced homes
- Lynn Grove, KY: less expensive homes
- Lynn, NC: higher priced homes
- Mace, IN: equally priced homes
- Richmondale, PA: equally priced homes
- Rimmy Jims, AZ: less expensive homes
- Rinard Mills, OH: less expensive homes
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