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Affordable
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These days, finding an affordable place to live in the Rio area can be challenging. Home prices in Rio are now at a median cost of $148,295, lower than the Louisiana average of $235,139.
The average cost of rent is $983/mo in Rio, primarily driven by the current value of real estate in the Rio area. In Rio, 21.73% of households rent, and 66.42% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Rio is $4,306 per month. Households that rent pay about 22.83% of their income on rent here. Rio’s most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Sun, LA: higher priced homes
- Lees Creek, LA: less expensive homes
- Bogalusa, LA: less expensive homes
- Henleyfield, MS: higher priced homes
- Plainview, LA: higher priced homes
- Cybur, MS: higher priced homes
- Isabel, LA: higher priced homes
- Varnado, LA: equally priced homes
- Sheridan, LA: higher priced homes
- Carriere, MS: higher priced homes
Cities with Similar Populations
- Milnesville, PA: higher priced homes
- South Renovo, PA: less expensive homes
- South Lincoln, VT: higher priced homes
- South Kortright, NY: higher priced homes
- South Edmeston, NY: equally priced homes
- South Argyle, NY: higher priced homes
- South Alabama, NY: equally priced homes
- Snowflake, VA: higher priced homes
- Snow Hollow Lake, MO: less expensive homes
- Smyrna, MI: higher priced homes
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