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Affordable
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These days, finding an affordable place to live in the Hovey area can be challenging. Home prices in Hovey are now at a median cost of $207,500, lower than the Indiana average of $232,932.
The average cost of rent is $805/mo in Hovey, primarily driven by the current value of real estate in the Hovey area. In Hovey, 13.45% of households rent, and 60.78% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hovey is $7,948 per month. Households that rent pay about 10.13% of their income on rent here. Hovey’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Upton, IN: equally priced homes
- Rising Sun, IL: less expensive homes
- Grafton, IN: higher priced homes
- Farmersville, IN: higher priced homes
- Mount Vernon, IN: equally priced homes
- New Haven, IL: less expensive homes
- Uniontown, KY: less expensive homes
- Caborn, IN: higher priced homes
- Marrs Center, IN: higher priced homes
- Emma, IL: less expensive homes
Cities with Similar Populations
- Harmans, MD: higher priced homes
- Ingraham, IL: less expensive homes
- Wadsworth, TX: higher priced homes
- Walnut Grove, AR: less expensive homes
- Warrens Corners, NY: higher priced homes
- Hull Prairie, OH: higher priced homes
- Holloway, MN: less expensive homes
- West Sullivan, MO: less expensive homes
- Westboro, MO: less expensive homes
- Hastings, OK: less expensive homes
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