Home Price Key
Affordable
Average
Expensive
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 $140,982, lower than the Florida average of $278,762.
The average cost of rent is $848/mo in Inverness, primarily driven by the current value of real estate in the Inverness area. While nearly 58.82% of residents own their homes outright in Inverness, 15.96% rent.
Housing affordability isn’t just about home prices, though. The average household income in Inverness is $3,915 per month. Households that rent pay about 21.65% of their income on rent here. Inverness's most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Inverness Highlands South, FL: higher priced homes
- Inverness Highlands North, FL: less expensive homes
- Hernando, FL: higher priced homes
- Rutland, FL: higher priced homes
- Citrus Hills, FL: higher priced homes
- Floral City, FL: equally priced homes
- Lecanto, FL: higher priced homes
- Beverly Hills, FL: equally priced homes
- Holder, FL: higher priced homes
- Panacoochee Retreats, FL: less expensive homes
Cities with Similar Populations
- Dover, NJ: higher priced homes
- Trotwood, OH: less expensive homes
- Tipp City, OH: higher priced homes
- Taylorsville, NC: higher priced homes
- Tavares, FL: higher priced homes
- Stoneham, MA: higher priced homes
- Springfield, TN: higher priced homes
- Fernley, NV: higher priced homes
- Farmington, UT: higher priced homes
- Farmington, MO: equally priced homes
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