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These days, finding an affordable place to live in the Munster area can be challenging. Home prices in Munster are now at a median cost of $354,430, higher than the Indiana average of $232,932.
The average cost of rent is $1,678/mo in Munster, primarily driven by the current value of real estate in the Munster area. In Munster, 13.08% of households rent, and 34.49% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Munster is $9,798 per month. Households that rent pay about 17.12% of their income on rent here. Munster’s most expensive areas are in the southern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Highland, IN: less expensive homes
- Lansing, IL: less expensive homes
- Lynwood, IL: less expensive homes
- Hammond, IN: less expensive homes
- Griffith, IN: less expensive homes
- Dyer, IN: equally priced homes
- Calumet City, IL: less expensive homes
- Ford Heights, IL: less expensive homes
- Sauk Village, IL: less expensive homes
- Schererville, IN: equally priced homes
Cities with Similar Populations
- Rockaway, NJ: higher priced homes
- Hopewell Junction, NY: higher priced homes
- Hormigueros, PR: less expensive homes
- Hudson, NH: higher priced homes
- Hummelstown, PA: equally priced homes
- Huntington, IN: less expensive homes
- Jasper, GA: equally priced homes
- Lochearn, MD: less expensive homes
- Marion, IL: less expensive homes
- Prairie Village, KS: higher priced homes
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