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These days, finding an affordable place to live in the Economy area can be challenging. Home prices in Economy are now at a median cost of $193,863, lower than the Indiana average of $232,932.
The average cost of rent is $651/mo in Economy, primarily driven by the current value of real estate in the Economy area. In Economy, 7.85% of households rent, and 44.71% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Economy is $7,659 per month. Households that rent pay about 8.50% of their income on rent here. Economy’s most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Hagerstown, IN: less expensive homes
- Modoc, IN: less expensive homes
- Williamsburg, IN: less expensive homes
- Bloomingport, IN: less expensive homes
- Greens Fork, IN: less expensive homes
- Losantville, IN: less expensive homes
- Jacksonburg, IN: equally priced homes
- Millville, IN: less expensive homes
- Mooreland, IN: less expensive homes
- Webster, IN: less expensive homes
Cities with Similar Populations
- Bondville, VT: higher priced homes
- Bevier, MO: less expensive homes
- Rayle, GA: less expensive homes
- Pacific City, OR: higher priced homes
- Packwood, WA: higher priced homes
- Paint, PA: less expensive homes
- Pattison, MS: less expensive homes
- Pecan Grove, MS: less expensive homes
- Pine River, WI: higher priced homes
- Plato, MN: higher priced homes
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