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Affordable
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These days, finding an affordable place to live in the Princes Lakes area can be challenging. Home prices in Princes Lakes are now at a median cost of $251,107, higher than the Indiana average of $232,932.
The average cost of rent is $1,232/mo in Princes Lakes, primarily driven by the current value of real estate in the Princes Lakes area. In Princes Lakes, 3.12% of households rent, and 28.71% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Princes Lakes is $6,674 per month. Households that rent pay about 18.46% of their income on rent here. Princes Lakes’s most expensive areas are in the northwestern 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.
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Cities with Similar Populations
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