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Affordable
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These days, finding an affordable place to live in the Honduras area can be challenging. Home prices in Honduras are now at a median cost of $280,062, higher than the Indiana average of $232,932.
The average cost of rent is $818/mo in Honduras, primarily driven by the current value of real estate in the Honduras area. In Honduras, 10.20% of households rent, and 25.56% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Honduras is $8,595 per month. Households that rent pay about 9.51% of their income on rent here. Honduras’s most expensive areas are in the southern 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.
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