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Affordable
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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 $272,523, higher than the Michigan average of $250,415.
The average cost of rent is $988/mo in Indian River, primarily driven by the current value of real estate in the Indian River area. In Indian River, 11.98% of households rent, and 48.33% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Indian River is $6,125 per month. Households that rent pay about 16.14% of their income on rent here. Indian River’s most expensive areas are in the northwestern 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
- Topinabee, MI: equally priced homes
- Burt Lake, MI: less expensive homes
- Afton, MI: less expensive homes
- Long Point, MI: higher priced homes
- Alanson, MI: equally priced 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: less expensive 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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