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These days, finding an affordable place to live in the Matthews area can be challenging. Home prices in Matthews are now at a median cost of $132,074, lower than the Indiana average of $232,932.
The average cost of rent is $930/mo in Matthews, primarily driven by the current value of real estate in the Matthews area. In Matthews, 14.71% of households rent, and 43.47% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Matthews is $4,313 per month. Households that rent pay about 21.57% of their income on rent here. Matthews’s most expensive areas are in the southwestern 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
- Wheeling, IN: higher priced homes
- Fowlerton, IN: higher priced homes
- Shamrock Lakes, IN: higher priced homes
- Upland, IN: higher priced homes
- Gaston, IN: higher priced homes
- Hartford City, IN: less expensive homes
- Fairmount, IN: equally priced homes
- Gas City, IN: equally priced homes
- Eaton, IN: equally priced homes
- Summitville, IN: equally priced homes
Cities with Similar Populations
- Meadow Heights, IL: higher priced homes
- Linnville, OH: higher priced homes
- Lowell, VT: higher priced homes
- Luna, LA: higher priced homes
- Lydia, MN: higher priced homes
- Magnolia, LA: higher priced homes
- Maiden Rock, WI: higher priced homes
- Manlyville, TN: equally priced homes
- Mannboro, VA: higher priced homes
- Marengo, WI: higher priced homes
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