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Affordable
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These days, finding an affordable place to live in the Mitchell area can be challenging. Home prices in Mitchell are now at a median cost of $150,599, lower than the Indiana average of $232,932.
The average cost of rent is $913/mo in Mitchell, primarily driven by the current value of real estate in the Mitchell area. In Mitchell, 25.34% of households rent, and 36.62% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Mitchell is $4,485 per month. Households that rent pay about 20.35% of their income on rent here. Mitchell’s most expensive areas are in the southeastern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Georgia, IN: less expensive homes
- Lawrenceport, IN: higher priced homes
- Yockey, IN: higher priced homes
- River Vale, IN: equally priced homes
- Stonington, IN: higher priced homes
- Buddha, IN: less expensive homes
- Orleans, IN: equally priced homes
- Fort Ritner, IN: higher priced homes
- Bryantsville, IN: higher priced homes
- Leipsic, IN: higher priced homes
Cities with Similar Populations
- Lincoln Park, TX: higher priced homes
- Lonsdale, MN: higher priced homes
- Loiza, PR: less expensive homes
- Lockwood, MT: higher priced homes
- Little Falls, NY: less expensive homes
- Linton, IN: less expensive homes
- Linglestown, PA: higher priced homes
- Lindstrom, MN: higher priced homes
- Lincroft, NJ: higher priced homes
- Loogootee, IN: higher priced homes
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