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These days, finding an affordable place to live in the Lamar area can be challenging. Home prices in Lamar are now at a median cost of $216,273, lower than the Indiana average of $232,932.
The average cost of rent is $888/mo in Lamar, primarily driven by the current value of real estate in the Lamar area. In Lamar, 4.04% of households rent, and 39.24% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lamar is $7,647 per month. Households that rent pay about 11.62% of their income on rent here. Lamar’s most expensive areas are in the northern 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
- Santa Claus, IN: higher priced homes
- Evanston, IN: equally priced homes
- Fulda, IN: higher priced homes
- Newtonville, IN: less expensive homes
- Gentryville, IN: less expensive homes
- New Boston, IN: less expensive homes
- Chrisney, IN: less expensive homes
- Mariah Hill, IN: higher priced homes
- Grandview, IN: less expensive homes
- Dale, IN: less expensive homes
Cities with Similar Populations
- Tate, GA: higher priced homes
- Freeman, VA: less expensive homes
- Ghent, MN: equally priced homes
- Glenburn, ND: equally priced homes
- Strain, MO: equally priced homes
- Strawberry, AR: less expensive homes
- Sutton, VT: equally priced homes
- Tabler, OK: equally priced homes
- Taholah, WA: less expensive homes
- Fort Jesup, LA: less expensive homes
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