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These days, finding an affordable place to live in the Island Park area can be challenging. Home prices in Island Park are now at a median cost of $215,911, lower than the Indiana average of $232,932.
The average cost of rent is $744/mo in Island Park, primarily driven by the current value of real estate in the Island Park area. In Island Park, 13.40% of households rent, and 42.66% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Island Park is $6,485 per month. Households that rent pay about 11.46% of their income on rent here. Island Park’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Hamilton, IN: higher priced homes
- Steubenville, IN: higher priced homes
- Butler, IN: less expensive homes
- Pleasant Lake, IN: equally priced homes
- Waterloo, IN: less expensive homes
- Ashley, IN: less expensive homes
- Moore, IN: equally priced homes
- York, IN: equally priced homes
- Edon, OH: less expensive homes
- Berlien, IN: equally priced homes
Cities with Similar Populations
- Dunnavant, AL: less expensive homes
- Uniontown, IN: less expensive homes
- Turley, NM: equally priced homes
- Turkey Hill Shores, MA: higher priced homes
- Trowbridge, CA: higher priced homes
- Topaz Lake, NV: higher priced homes
- East Haven, VT: equally priced homes
- East Ellsworth, WI: higher priced homes
- Earlytown, AL: less expensive homes
- Durant, FL: higher priced homes
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