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Affordable
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These days, finding an affordable place to live in the Galena area can be challenging. Home prices in Galena are now at a median cost of $312,300, higher than the Indiana average of $232,932.
The average cost of rent is $988/mo in Galena, primarily driven by the current value of real estate in the Galena area. In Galena, 1.15% of households rent, and 28.43% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Galena is $11,137 per month. Households that rent pay about 8.87% of their income on rent here. Galena’s most expensive areas are in the central 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
- Greenville, IN: equally priced homes
- Georgetown, IN: less expensive homes
- Floyds Knobs, IN: higher priced homes
- Edwardsville, IN: equally priced homes
- Crandall, IN: less expensive homes
- Lanesville, IN: less expensive homes
- Borden, IN: less expensive homes
- New Salisbury, IN: less expensive homes
- New Albany, IN: less expensive homes
- Palmyra, IN: less expensive homes
Cities with Similar Populations
- Peach Orchard, MO: less expensive homes
- Oak Island, MN: less expensive homes
- Oakington, MD: higher priced homes
- Ogden, TN: less expensive homes
- Opportunity, MT: less expensive homes
- Orogrande, NM: less expensive homes
- Osage Bluff, MO: equally priced homes
- Otego, KS: less expensive homes
- Otisco Valley, NY: less expensive homes
- Ovoca, TN: equally priced homes
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