The Most Affordable Neighborhoods in Meridian-Kessler, Indianapolis, IN by Home Value

 

Meridian-Kessler, Indianapolis, IN Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Meridian-Kessler area can be challenging. Home prices in Meridian-Kessler are now at a median cost of $436,787, higher than the Indianapolis average of $284,242.

The average cost of rent is $1,331/mo in Meridian-Kessler, primarily driven by the current value of real estate in the Meridian-Kessler area. In Meridian-Kessler, 29.12% of households rent, and 26.63% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Meridian-Kessler is $11,689 per month. Households that rent pay about 11.39% of their income on rent here. Meridian-Kessler’s most expensive areas are in the western regions, while the cheapest areas are in the southeastern parts of the neighborhood.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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