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These days, finding an affordable place to live in the Rutland area can be challenging. Home prices in Rutland are now at a median cost of $242,376, higher than the Indiana average of $232,932.
The average cost of rent is $1,118/mo in Rutland, primarily driven by the current value of real estate in the Rutland area. In Rutland, 14.90% of households rent, and 43.35% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Rutland is $6,511 per month. Households that rent pay about 17.18% of their income on rent here. Rutland’s most expensive areas are in the western 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
- Plymouth, IN: less expensive homes
- Linkville, IN: less expensive homes
- Donaldson, IN: equally priced homes
- Twin Lakes, IN: equally priced homes
- La Paz, IN: less expensive homes
- Teegarden, IN: higher priced homes
- Tyner, IN: equally priced homes
- Koontz Lake, IN: equally priced homes
- La Paz Junction, IN: equally priced homes
- Hibbard, IN: equally priced homes
Cities with Similar Populations
- Winifred, MT: less expensive homes
- Horton Bay, MI: higher priced homes
- Houghton Point, MI: higher priced homes
- House Creek, MO: less expensive homes
- Huslia, AK: less expensive homes
- Worthen, AR: less expensive homes
- Ingersoll, OK: less expensive homes
- Winston, VA: higher priced homes
- Winona, KS: less expensive homes
- Horsegall, SC: less expensive homes
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