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These days, finding an affordable place to live in the Paynesville area can be challenging. Home prices in Paynesville are now at a median cost of $176,567, lower than the Indiana average of $232,932.
The average cost of rent is $767/mo in Paynesville, primarily driven by the current value of real estate in the Paynesville area. In Paynesville, 22.85% of households rent, and 36.08% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Paynesville is $5,720 per month. Households that rent pay about 13.40% of their income on rent here. Paynesville’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Otto, IN: higher priced homes
- Saluda, IN: equally priced homes
- Nabb, IN: higher priced homes
- New Washington, IN: higher priced homes
- Chelsea, IN: equally priced homes
- Marysville, IN: higher priced homes
- Wises Landing, KY: equally priced homes
- Hanover, IN: equally priced homes
- Mount Pleasant, KY: higher priced homes
- Lexington, IN: higher priced homes
Cities with Similar Populations
- Seaton, AR: less expensive homes
- Mesa, AR: less expensive homes
- Mexia Crossing, AL: less expensive homes
- Millhurst, IL: higher priced homes
- Aiken, TX: less expensive homes
- Milo, IL: higher priced homes
- Mitchell, KS: less expensive homes
- Modoc, KS: less expensive homes
- Monie, MD: higher priced homes
- Monowi, NE: less expensive homes
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