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Affordable
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These days, finding an affordable place to live in the Park area can be challenging. Home prices in Park are now at a median cost of $206,686, lower than the Indiana average of $232,932.
The average cost of rent is $1,168/mo in Park, primarily driven by the current value of real estate in the Park area. In Park, 24.72% of households rent, and 50.20% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Park is $7,252 per month. Households that rent pay about 16.11% of their income on rent here. Park’s most expensive areas are in the eastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Bloomfield, IN: less expensive homes
- Doans, IN: equally priced homes
- Hashtown, IN: equally priced homes
- Ridgeport, IN: higher priced homes
- Scotland, IN: equally priced homes
- Cincinnati, IN: equally priced homes
- Tulip, IN: equally priced homes
- Plummer, IN: equally priced homes
- Elliston, IN: less expensive homes
- Koleen, IN: less expensive homes
Cities with Similar Populations
- Greencreek, ID: higher priced homes
- Hawleys, NY: less expensive homes
- Hamlin, PA: higher priced homes
- Halltown, MO: higher priced homes
- Hallam, NE: higher priced homes
- Halder, WI: higher priced homes
- Grenville, SD: higher priced homes
- Greenwood Springs, MS: less expensive homes
- Greenway, AR: less expensive homes
- Greenmount, PA: higher priced homes
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