Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the New Chicago area can be challenging. Home prices in New Chicago are now at a median cost of $82,064, lower than the Indiana average of $175,617.
The average cost of rent is $866/mo in New Chicago, primarily driven by the current value of real estate in the New Chicago area. While nearly 49.03% of residents own their homes outright in New Chicago, 39.04% rent.
Housing affordability isn’t just about home prices, though. The average household income in New Chicago is $4,220 per month. Households that rent pay about 20.52% of their income on rent here. New Chicago's most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Lake Station, IN: higher priced homes
- Hobart, IN: higher priced homes
- Gary, IN: equally priced homes
- Portage, IN: higher priced homes
- Ogden Dunes, IN: higher priced homes
- Wheeler, IN: higher priced homes
- Merrillville, IN: higher priced homes
- Deep River, IN: higher priced homes
- Griffith, IN: higher priced homes
- Burns Harbor, IN: higher priced homes
Cities with Similar Populations
- Cimarron, KS: higher priced homes
- Eton, GA: higher priced homes
- Rome City, IN: higher priced homes
- King William, VA: higher priced homes
- Long Ridge, SC: higher priced homes
- North Webster, IN: higher priced homes
- Ogden, KS: higher priced homes
- Oxford, WI: higher priced homes
- Paia, HI: higher priced homes
- Pomerene, AZ: higher priced homes
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