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These days, finding an affordable place to live in the Hobart area can be challenging. Home prices in Hobart are now at a median cost of $217,017, lower than the Indiana average of $232,932.
The average cost of rent is $1,171/mo in Hobart, primarily driven by the current value of real estate in the Hobart area. In Hobart, 29.46% of households rent, and 35.70% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hobart is $6,689 per month. Households that rent pay about 17.51% of their income on rent here. Hobart’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- New Chicago, IN: less expensive homes
- Lake Station, IN: less expensive homes
- Deep River, IN: higher priced homes
- Wheeler, IN: higher priced homes
- Merrillville, IN: equally priced homes
- Portage, IN: equally priced homes
- Gary, IN: less expensive homes
- Winfield, IN: higher priced homes
- Ogden Dunes, IN: higher priced homes
- Griffith, IN: equally priced homes
Cities with Similar Populations
- Naugatuck, CT: higher priced homes
- Raytown, MO: less expensive homes
- Poulsbo, WA: higher priced homes
- Port Chester, NY: higher priced homes
- Poplar Bluff, MO: less expensive homes
- Ponchatoula, LA: higher priced homes
- Plattsburgh, NY: less expensive homes
- Pewaukee, WI: higher priced homes
- Palm City, FL: higher priced homes
- Ozark, MO: higher priced homes
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