Home Price Key
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Average
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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 $184,695, lower than the Michigan average of $196,062.
The average cost of rent is $737/mo in Indian River, primarily driven by the current value of real estate in the Indian River area. While nearly 51.39% of residents own their homes outright in Indian River, 13.84% rent.
Housing affordability isn’t just about home prices, though. The average household income in Indian River is $5,107 per month. Households that rent pay about 14.43% of their income on rent here. Indian River's most expensive areas are in the northeastern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Topinabee, MI: less expensive homes
- Burt Lake, MI: equally priced homes
- Afton, MI: less expensive homes
- Long Point, MI: higher priced homes
- Alanson, MI: less expensive homes
- Birchwood, MI: less expensive homes
- Brutus, MI: higher priced homes
- Wolverine, MI: less expensive homes
- Epsilon, MI: equally priced homes
- Mullett Lake, MI: less expensive homes
Cities with Similar Populations
- Blakeslee, PA: equally priced homes
- Camden, AL: less expensive homes
- Catlett, VA: higher priced homes
- Nanty-Glo, PA: less expensive homes
- Clarkson Valley, MO: higher priced homes
- Cloverdale, VA: higher priced homes
- Cresson, PA: less expensive homes
- Empire, AL: less expensive homes
- Glenmora, LA: less expensive homes
- Moravia, NY: less expensive homes
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