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These days, finding an affordable place to live in the Moscow area can be challenging. Home prices in Moscow are now at a median cost of $314,400, higher than the Indiana average of $232,932.
The average cost of rent is $818/mo in Moscow, primarily driven by the current value of real estate in the Moscow area. In Moscow, 25.13% of households rent, and 48.32% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Moscow is $4,688 per month. Households that rent pay about 17.45% of their income on rent here. Moscow’s most expensive areas are in the central 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.
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