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These days, finding an affordable place to live in the Hemlock area can be challenging. Home prices in Hemlock are now at a median cost of $213,781, lower than the Indiana average of $232,932.
The average cost of rent is $1,275/mo in Hemlock, primarily driven by the current value of real estate in the Hemlock area. In Hemlock, 9.64% of households rent, and 40.99% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hemlock is $7,223 per month. Households that rent pay about 17.65% of their income on rent here. Hemlock’s most expensive areas are in the northeastern 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
- Oakford, IN: higher priced homes
- Vermont, IN: equally priced homes
- Sharpsville, IN: equally priced homes
- Greentown, IN: equally priced homes
- Phlox, IN: higher priced homes
- Windfall, IN: equally priced homes
- Windfall City, IN: less expensive homes
- Kokomo, IN: less expensive homes
- Guy, IN: equally priced homes
- Plevna, IN: equally priced homes
Cities with Similar Populations
- Lancaster, MN: less expensive homes
- Savage, MT: higher priced homes
- Sara, WA: higher priced homes
- San Simeon, CA: higher priced homes
- San Ardo, CA: higher priced homes
- Lone Camp, TX: higher priced homes
- Little Meadows, PA: equally priced homes
- Lincolnville Center, ME: equally priced homes
- Lenape, KS: higher priced homes
- Lemannville, LA: less expensive homes
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