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Affordable
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These days, finding an affordable place to live in the Gatchel area can be challenging. Home prices in Gatchel are now at a median cost of $253,517, higher than the Indiana average of $232,932.
The average cost of rent is $677/mo in Gatchel, primarily driven by the current value of real estate in the Gatchel area. In Gatchel, 8.81% of households rent, and 39.94% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Gatchel is $8,882 per month. Households that rent pay about 7.63% of their income on rent here. Gatchel’s most expensive areas are in the eastern 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
- Lilly Dale, IN: less expensive homes
- Dexter, IN: less expensive homes
- Leopold, IN: less expensive homes
- Troy, IN: less expensive homes
- Branchville, IN: equally priced homes
- Derby, IN: less expensive homes
- New Boston, IN: less expensive homes
- Tell City, IN: less expensive homes
- Bristow, IN: less expensive homes
- Tobinsport, IN: less expensive homes
Cities with Similar Populations
- High Island, TX: higher priced homes
- Stamford, VT: higher priced homes
- Staffordsville, VA: less expensive homes
- South Park, WV: less expensive homes
- Leivasy, WV: less expensive homes
- Lebeau, LA: less expensive homes
- Lancaster, TN: higher priced homes
- Lamoille, NV: higher priced homes
- Jeddo, AL: less expensive homes
- Ibex, KY: less expensive homes
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