Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Rensselaer area can be challenging. Home prices in Rensselaer are now at a median cost of $126,412, lower than the Indiana average of $175,617.
The average cost of rent is $832/mo in Rensselaer, primarily driven by the current value of real estate in the Rensselaer area. While nearly 44.63% of residents own their homes outright in Rensselaer, 32.50% rent.
Housing affordability isn’t just about home prices, though. The average household income in Rensselaer is $4,926 per month. Households that rent pay about 16.89% of their income on rent here. Rensselaer's most expensive areas are in the northeastern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Collegeville, IN: higher priced homes
- Parr, IN: higher priced homes
- McCoysburg, IN: higher priced homes
- Mount Ayr, IN: higher priced homes
- Newland, IN: equally priced homes
- Foresman, IN: equally priced homes
- Fair Oaks, IN: higher priced homes
- Lee, IN: less expensive homes
- Gifford, IN: higher priced homes
- Remington, IN: equally priced homes
Cities with Similar Populations
- Air Force Academy, CO: higher priced homes
- Almont, MI: higher priced homes
- Alma, GA: less expensive homes
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- Allendale, NJ: higher priced homes
- Albertson, NY: higher priced homes
- Albany, KY: less expensive homes
- Alamo Heights, TX: higher priced homes
- Akron, NY: higher priced homes
- Ahoskie, NC: less expensive homes
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