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Affordable
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These days, finding an affordable place to live in the Magnet area can be challenging. Home prices in Magnet are now at a median cost of $171,677, lower than the Indiana average of $232,932.
The average cost of rent is $639/mo in Magnet, primarily driven by the current value of real estate in the Magnet area. In Magnet, 18.92% of households rent, and 43.60% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Magnet is $3,540 per month. Households that rent pay about 18.06% of their income on rent here. Magnet’s most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Alton, IN: less expensive homes
- Concordia, KY: higher priced homes
- Dexter, IN: equally priced homes
- Derby, IN: equally priced homes
- Oriole, IN: equally priced homes
- Leopold, IN: higher priced homes
- Wolf Creek, KY: higher priced homes
- Union Star, KY: less expensive homes
- Battletown, KY: higher priced homes
- Rhodelia, KY: higher priced homes
Cities with Similar Populations
- Durango, TX: equally priced homes
- Three Points, CA: higher priced homes
- East Lynn, IL: equally priced homes
- East Fryeburg, ME: higher priced homes
- Dyckesville, WI: higher priced homes
- Dwiggins, MS: less expensive homes
- Duxbury, MN: higher priced homes
- Durgintown, ME: higher priced homes
- Durbin, OH: higher priced homes
- Tiller Crossroads, AL: equally priced homes
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