The Most Affordable Neighborhoods in Mill Creek, IN by Home Value

 

Mill Creek, IN Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Mill Creek area can be challenging. Home prices in Mill Creek are now at a median cost of $247,283, higher than the Indiana average of $232,932.

The average cost of rent is $828/mo in Mill Creek, primarily driven by the current value of real estate in the Mill Creek area. In Mill Creek, 6.12% of households rent, and 42.52% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Mill Creek is $7,957 per month. Households that rent pay about 10.41% of their income on rent here. Mill Creek’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the city.

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


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