Expensive
Affordable
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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 $236,636, higher than the Indiana average of $232,932.
The average cost of rent is $955/mo in Ormas, primarily driven by the current value of real estate in the Ormas area. In Ormas, 12.08% of households rent, and 33.39% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Ormas is $6,280 per month. Households that rent pay about 15.20% of their income on rent here. Ormas’s most expensive areas are in the southern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Wolflake, IN: less expensive homes
- Wilmot, IN: less expensive homes
- Lorane, IN: equally priced homes
- Kimmell, IN: less expensive homes
- Tri-Lakes, IN: higher priced homes
- Merriam, IN: higher priced homes
- Burr Oak, IN: higher priced homes
- North Webster, IN: less expensive 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: higher priced homes
- Long Lake, WA: higher priced homes
- Long Island, VA: less expensive homes
- Loch Lynn Heights, MD: equally priced 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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