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These days, finding an affordable place to live in the Hamlet area can be challenging. Home prices in Hamlet are now at a median cost of $134,428, lower than the Indiana average of $232,932.
The average cost of rent is $878/mo in Hamlet, primarily driven by the current value of real estate in the Hamlet area. In Hamlet, 15.01% of households rent, and 31.62% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hamlet is $6,559 per month. Households that rent pay about 13.39% of their income on rent here. Hamlet’s most expensive areas are in the northeastern 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
- South Center, IN: higher priced homes
- Grovertown, IN: higher priced homes
- Brems, IN: higher priced homes
- Tracy, IN: higher priced homes
- Kingsford Heights, IN: equally priced homes
- Koontz Lake, IN: higher priced homes
- Walkerton, IN: higher priced homes
- Knox, IN: higher priced homes
- Hanna, IN: higher priced homes
- Donaldson, IN: higher priced homes
Cities with Similar Populations
- Greenwood, MI: higher priced homes
- James, GA: higher priced homes
- Houston, AR: equally priced homes
- Honouliuli, HI: higher priced homes
- Hazen, AR: equally priced homes
- Harlowe, NC: higher priced homes
- Hargill, TX: less expensive homes
- Gumlog, GA: higher priced homes
- Gregory, SD: equally priced homes
- Johnson City, KS: less expensive homes
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