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Affordable
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These days, finding an affordable place to live in the Garrett area can be challenging. Home prices in Garrett are now at a median cost of $160,897, lower than the Indiana average of $232,932.
The average cost of rent is $893/mo in Garrett, primarily driven by the current value of real estate in the Garrett area. In Garrett, 19.57% of households rent, and 37.47% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Garrett is $5,118 per month. Households that rent pay about 17.45% of their income on rent here. Garrett’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Altona, IN: less expensive homes
- Auburn Junction, IN: higher priced homes
- St. Johns, IN: higher priced homes
- Swan, IN: higher priced homes
- Auburn, IN: higher priced homes
- Avilla, IN: higher priced homes
- Laotto, IN: higher priced homes
- Fairfield Center, IN: higher priced homes
- Corunna, IN: higher priced homes
- Lisbon, IN: higher priced homes
Cities with Similar Populations
- Watchung, NJ: higher priced homes
- Greenville, IL: less expensive homes
- Greenville, RI: higher priced homes
- West Dundee, IL: higher priced homes
- Grosse Pointe, MI: higher priced homes
- Grover, MO: higher priced homes
- Guadalupe, CA: higher priced homes
- West Branch, MI: equally priced homes
- Wenonah, NJ: higher priced homes
- Water Valley, MS: less expensive homes
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