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These days, finding an affordable place to live in the Flat Rock area can be challenging. Home prices in Flat Rock are now at a median cost of $186,543, lower than the Indiana average of $232,932.
The average cost of rent is $1,158/mo in Flat Rock, primarily driven by the current value of real estate in the Flat Rock area. In Flat Rock, 12.90% of households rent, and 42.97% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Flat Rock is $7,301 per month. Households that rent pay about 15.86% of their income on rent here. Flat Rock’s most expensive areas are in the northwestern 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.
Nearby Cities
- Norristown, IN: less expensive homes
- Lewis Creek, IN: equally priced homes
- Old St. Louis, IN: higher priced homes
- Pleasure Valley, IN: equally priced homes
- Fenns, IN: higher priced homes
- Rugby, IN: higher priced homes
- Hope, IN: equally priced homes
- Mount Auburn, IN: higher priced homes
- Prescott, IN: higher priced homes
- Clifford, IN: equally priced homes
Cities with Similar Populations
- Kenesaw, NE: higher priced homes
- Scott, IN: higher priced homes
- Scotrun, PA: higher priced homes
- Maysville, WV: equally priced homes
- Mayking, KY: less expensive homes
- Lorimor, IA: less expensive homes
- Lincoln Center, KS: less expensive homes
- Limehouse, SC: higher priced homes
- Lilbourn, MO: less expensive homes
- Leesburg, TX: higher priced homes
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