Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Ormas area can be challenging. Home prices in Ormas are now at a median cost of $169,372, lower than the Indiana average of $175,617.
The average cost of rent is $816/mo in Ormas, primarily driven by the current value of real estate in the Ormas area. While nearly 41.39% of residents own their homes outright in Ormas, 8.47% rent.
Housing affordability isn’t just about home prices, though. The average household income in Ormas is $5,099 per month. Households that rent pay about 16.00% of their income on rent here. Ormas's most expensive areas are in the eastern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Wolflake, IN: equally priced homes
- Wilmot, IN: less expensive homes
- Lorane, IN: higher priced homes
- Kimmell, IN: less expensive homes
- Tri-Lakes, IN: higher priced homes
- Merriam, IN: equally priced homes
- Burr Oak, IN: higher priced homes
- North Webster, IN: equally priced homes
- Larwill, IN: equally priced homes
- Albion, IN: equally priced homes
Cities with Similar Populations
- Lester, IA: higher priced homes
- Lothair, GA: less expensive homes
- Youngville, TN: equally priced homes
- Long Lake, WA: higher priced homes
- Long Island, VA: less expensive homes
- Loch Lynn Heights, MD: less expensive homes
- Lobata, WV: less expensive homes
- Liberty Center, IN: less expensive homes
- Lewis, KS: less expensive homes
- Lewis, CO: higher priced homes
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