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These days, finding an affordable place to live in the Indian River area can be challenging. Home prices in Indian River are now at a median cost of $146,848, lower than the Maine average of $330,167.
The average cost of rent is $977/mo in Indian River, primarily driven by the current value of real estate in the Indian River area. In Indian River, 27.52% of households rent, and 59.29% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Indian River is $5,306 per month. Households that rent pay about 18.42% of their income on rent here. Indian River’s most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Jonesport, ME: equally priced homes
- Addison, ME: higher priced homes
- Beals, ME: higher priced homes
- Jonesboro, ME: higher priced homes
- South Addison, ME: higher priced homes
- Ripley, ME: equally priced homes
- Marshville, ME: equally priced homes
- Roque Bluffs, ME: higher priced homes
- Columbia Falls, ME: higher priced homes
- West Harrington, ME: higher priced homes
Cities with Similar Populations
- Woodsburgh, NY: higher priced homes
- Collbran, CO: higher priced homes
- Bluffs, IL: less expensive homes
- Blackwater, VA: equally priced homes
- Bernice, OK: higher priced homes
- Batson, TX: equally priced homes
- Banks, AL: less expensive homes
- Assaria, KS: higher priced homes
- Aqua Park, OK: equally priced homes
- Willow River, MN: higher priced homes
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