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Average
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These days, finding an affordable place to live in the London area can be challenging. Home prices in London are now at a median cost of $236,838, higher than the Indiana average of $175,617.
The average cost of rent is $773/mo in London, primarily driven by the current value of real estate in the London area. While nearly 34.85% of residents own their homes outright in London, 25.63% rent.
Housing affordability isn’t just about home prices, though. The average household income in London is $5,583 per month. Households that rent pay about 13.85% of their income on rent here. London's most expensive areas are in the northwestern regions, while the cheapest areas are in the southeastern parts of the city.
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