
Home Price Key
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 $169,972, lower than the Indiana average of $175,617.
The average cost of rent is $751/mo in Gatchel, primarily driven by the current value of real estate in the Gatchel area. While nearly 31.14% of residents own their homes outright in Gatchel, 9.21% rent.
Housing affordability isn’t just about home prices, though. The average household income in Gatchel is $7,292 per month. Households that rent pay about 10.29% of their income on rent here. Gatchel's most expensive areas are in the eastern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Lilly Dale, IN: equally priced homes
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Cities with Similar Populations
- High Island, TX: less expensive homes
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