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Affordable
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These days, finding an affordable place to live in the Edgewood area can be challenging. Home prices in Edgewood are now at a median cost of $181,971, lower than the Indiana average of $232,932.
The average cost of rent is $976/mo in Edgewood, primarily driven by the current value of real estate in the Edgewood area. In Edgewood, 8.15% of households rent, and 39.48% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Edgewood is $7,138 per month. Households that rent pay about 13.67% of their income on rent here. Edgewood’s most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Woodlawn Heights, IN: equally priced homes
- Anderson, IN: less expensive homes
- Lapel, IN: higher priced homes
- Perkinsville, IN: higher priced homes
- Pendleton, IN: higher priced homes
- Chesterfield, IN: less expensive homes
- Hardscrabble, IN: higher priced homes
- Frankton, IN: less expensive homes
- Markleville, IN: higher priced homes
- Strawtown, IN: higher priced homes
Cities with Similar Populations
- Smackover, AR: less expensive homes
- Columbus Junction, IA: less expensive homes
- Deep Gap, NC: higher priced homes
- Earleville, MD: higher priced homes
- Eaton Estates, OH: equally priced homes
- Adamstown, PA: higher priced homes
- McGregor, MN: higher priced homes
- Monetta, SC: less expensive homes
- Pelican Bay, TX: higher priced homes
- Malvern, AL: less expensive homes
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