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Affordable
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These days, finding an affordable place to live in the Shady Nook area can be challenging. Home prices in Shady Nook are now at a median cost of $199,242, lower than the Indiana average of $232,932.
The average cost of rent is $801/mo in Shady Nook, primarily driven by the current value of real estate in the Shady Nook area. In Shady Nook, 20.63% of households rent, and 25.99% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Shady Nook is $7,334 per month. Households that rent pay about 10.92% of their income on rent here. Shady Nook’s most expensive areas are in the southern 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
- Wolcottville, IN: higher priced homes
- Rome City, IN: higher priced homes
- Woodruff, IN: higher priced homes
- South Milford, IN: equally priced homes
- Witmer Manor, IN: higher priced homes
- Indianola, IN: higher priced homes
- Wayne Center, IN: equally priced homes
- Valentine, IN: higher priced homes
- Mount Pisgah, IN: higher priced homes
- Kendallville, IN: less expensive homes
Cities with Similar Populations
- West Albion, MN: higher priced homes
- Cotton Center, TX: less expensive homes
- Cottonburg, KY: less expensive homes
- Cove Creek, TN: less expensive homes
- Crab Orchard, NE: equally priced homes
- Crane Creek, MS: less expensive homes
- Croydon Flat, NH: higher priced homes
- Watts Bar Estates, TN: higher priced homes
- Waubeek, IA: higher priced homes
- Wayside, VA: higher priced homes
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