Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Reo area can be challenging. Home prices in Reo are now at a median cost of $148,000, lower than the Indiana average of $175,617.
The average cost of rent is $780/mo in Reo, primarily driven by the current value of real estate in the Reo area. While nearly 38.83% of residents own their homes outright in Reo, 8.91% rent.
Housing affordability isn’t just about home prices, though. The average household income in Reo is $4,800 per month. Households that rent pay about 16.25% of their income on rent here. Reo's most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Rockport, IN: less expensive homes
- Silverdale, IN: less expensive homes
- Patronville, IN: less expensive homes
- Richland, IN: less expensive homes
- Eureka, IN: equally priced homes
- Hatfield, IN: less expensive homes
- Bullocktown, IN: less expensive homes
- Grandview, IN: less expensive homes
- Chrisney, IN: less expensive homes
- Maceo, KY: less expensive homes
Cities with Similar Populations
- Rice Lake, MN: less expensive homes
- Pettigrew, AR: less expensive homes
- Pierpont, SD: less expensive homes
- Pierrepont, NY: equally priced homes
- Pilot Mountain, TN: equally priced homes
- Pine Valley, UT: higher priced homes
- Pinedale, NM: less expensive homes
- Pineridge, CA: higher priced homes
- Piney Woods, AL: less expensive homes
- Pruett, IL: less expensive homes
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