The Most Affordable Neighborhoods in Riley, IN by Home Value

 

Riley, IN Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Riley area can be challenging. Home prices in Riley are now at a median cost of $279,671, higher than the Indiana average of $232,932.

The average cost of rent is $891/mo in Riley, primarily driven by the current value of real estate in the Riley area. In Riley, 12.12% of households rent, and 34.57% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Riley is $7,833 per month. Households that rent pay about 11.38% of their income on rent here. Riley’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern 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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