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These days, finding an affordable place to live in the Prescott area can be challenging. Home prices in Prescott are now at a median cost of $235,068, higher than the Indiana average of $232,932.
The average cost of rent is $1,103/mo in Prescott, primarily driven by the current value of real estate in the Prescott area. In Prescott, 12.01% of households rent, and 32.37% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Prescott is $6,948 per month. Households that rent pay about 15.88% of their income on rent here. Prescott’s most expensive areas are in the northeastern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Waldron, IN: equally priced homes
- Fenns, IN: less expensive homes
- Meltzer, IN: higher priced homes
- Pleasure Valley, IN: less expensive homes
- Shelbyville, IN: less expensive homes
- Blue Ridge, IN: higher priced homes
- St. Paul, IN: less expensive homes
- Lewis Creek, IN: less expensive homes
- St. Omer, IN: less expensive homes
- Flat Rock, IN: less expensive homes
Cities with Similar Populations
- Calvertville, IN: less expensive homes
- West Whately, MA: higher priced homes
- West Petersburg, IN: less expensive homes
- West Lodi, OH: less expensive homes
- West Hoosick, NY: equally priced homes
- Carpenter, IA: equally priced homes
- Carmi, AR: less expensive homes
- Carmerville, NJ: higher priced homes
- Carmel, GA: less expensive homes
- Carleton, NE: less expensive homes
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