Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Lorane area can be challenging. Home prices in Lorane are now at a median cost of $186,292, higher than the Indiana average of $175,617.
The average cost of rent is $854/mo in Lorane, primarily driven by the current value of real estate in the Lorane area. While nearly 27.21% of residents own their homes outright in Lorane, 3.15% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lorane is $6,363 per month. Households that rent pay about 13.42% of their income on rent here. Lorane's most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Larwill, IN: less expensive homes
- Ormas, IN: less expensive homes
- Columbia City, IN: less expensive homes
- Tri-Lakes, IN: equally priced homes
- Etna, IN: equally priced homes
- Wilmot, IN: less expensive homes
- Merriam, IN: equally priced homes
- Pierceton, IN: less expensive homes
- Wolflake, IN: less expensive homes
- Collins, IN: less expensive homes
Cities with Similar Populations
- DeWitt, NE: less expensive homes
- Velma, MS: less expensive homes
- Twin Groves, ID: equally priced homes
- Summit, MO: less expensive homes
- Elk Creek, VA: less expensive homes
- Edna, KS: less expensive homes
- Echo, WV: less expensive homes
- Earley, NC: less expensive homes
- Dumont, CO: higher priced homes
- Dodds, OH: higher priced homes
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