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Affordable
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These days, finding an affordable place to live in the Schererville area can be challenging. Home prices in Schererville are now at a median cost of $326,582, higher than the Indiana average of $232,932.
The average cost of rent is $1,372/mo in Schererville, primarily driven by the current value of real estate in the Schererville area. In Schererville, 20.35% of households rent, and 34.33% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Schererville is $8,604 per month. Households that rent pay about 15.95% of their income on rent here. Schererville’s most expensive areas are in the southern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- St. John, IN: higher priced homes
- Griffith, IN: less expensive homes
- Dyer, IN: higher priced homes
- Highland, IN: less expensive homes
- Merrillville, IN: less expensive homes
- Munster, IN: equally priced homes
- Lynwood, IL: less expensive homes
- Sauk Village, IL: less expensive homes
- Crown Point, IN: equally priced homes
- Cedar Lake, IN: equally priced homes
Cities with Similar Populations
- Lisle, IL: higher priced homes
- Shelbyville, KY: less expensive homes
- Seymour, IN: less expensive homes
- Severna Park, MD: higher priced homes
- Sequim, WA: higher priced homes
- Selma, CA: higher priced homes
- Scarsdale, NY: higher priced homes
- Rockville Centre, NY: higher priced homes
- Mauldin, SC: less expensive homes
- Maryland Heights, MO: less expensive homes
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