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These days, finding an affordable place to live in the Inverness area can be challenging. Home prices in Inverness are now at a median cost of $1,794,897, higher than the California average of $812,006.
The average cost of rent is $1,811/mo in Inverness, primarily driven by the current value of real estate in the Inverness area. In Inverness, 18.90% of households rent, and 68.14% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Inverness is $5,530 per month. Households that rent pay about 32.75% of their income on rent here. Inverness’s most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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Cities with Similar Populations
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