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These days, finding an affordable place to live in the Redkey area can be challenging. Home prices in Redkey are now at a median cost of $131,580, lower than the Indiana average of $232,932.
The average cost of rent is $889/mo in Redkey, primarily driven by the current value of real estate in the Redkey area. In Redkey, 19.63% of households rent, and 37.21% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Redkey is $5,175 per month. Households that rent pay about 17.18% of their income on rent here. Redkey’s most expensive areas are in the southeastern 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
- Pennville, IN: higher priced homes
- Dunkirk, IN: less expensive homes
- Powers, IN: equally priced homes
- Como, IN: higher priced homes
- Albany, IN: higher priced homes
- Blaine, IN: higher priced homes
- Granville, IN: higher priced homes
- Ridgeville, IN: less expensive homes
- Millgrove, IN: equally priced homes
- Trenton, IN: equally priced homes
Cities with Similar Populations
- Shelter Island, NY: higher priced homes
- Falls Creek, PA: equally priced homes
- Farmersburg, IN: less expensive homes
- Fort Jones, CA: higher priced homes
- Fosston, MN: higher priced homes
- Amagansett, NY: higher priced homes
- Kerens, TX: higher priced homes
- Laguna Park, TX: higher priced homes
- Lake Nebagamon, WI: higher priced homes
- Langston, OK: higher priced homes
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