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These days, finding an affordable place to live in the India area can be challenging. Home prices in India are now at a median cost of $227,256, lower than the Tennessee average of $315,131.
The average cost of rent is $711/mo in India, primarily driven by the current value of real estate in the India area. In India, 13.61% of households rent, and 52.58% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in India is $4,883 per month. Households that rent pay about 14.57% of their income on rent here. India’s most expensive areas are in the southeastern regions, while the cheapest areas are in the southern 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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