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These days, finding an affordable place to live in the Pendleton area can be challenging. Home prices in Pendleton are now at a median cost of $277,085, higher than the Indiana average of $232,932.
The average cost of rent is $1,237/mo in Pendleton, primarily driven by the current value of real estate in the Pendleton area. In Pendleton, 14.44% of households rent, and 26.68% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Pendleton is $8,205 per month. Households that rent pay about 15.07% of their income on rent here. Pendleton’s most expensive areas are in the northwestern 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
- Ingalls, IN: less expensive homes
- Hardscrabble, IN: higher priced homes
- Fortville, IN: higher priced homes
- Milners Corner, IN: equally priced homes
- Lapel, IN: less expensive homes
- Markleville, IN: less expensive homes
- Edgewood, IN: less expensive homes
- Woodbury, IN: equally priced homes
- Anderson, IN: less expensive homes
- Woodlawn Heights, IN: less expensive homes
Cities with Similar Populations
- Keansburg, NJ: higher priced homes
- Kingston, PA: less expensive homes
- Kingston, MA: higher priced homes
- Kingsgate, WA: higher priced homes
- Killen, AL: less expensive homes
- Keystone Heights, FL: less expensive homes
- Key Largo, FL: higher priced homes
- Kewanee, IL: less expensive homes
- Kensington, MD: higher priced homes
- Kendallville, IN: less expensive homes
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