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Affordable
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These days, finding an affordable place to live in the Shannon area can be challenging. Home prices in Shannon are now at a median cost of $205,900, lower than the Ohio average of $236,816.
The average cost of rent is $999/mo in Shannon, primarily driven by the current value of real estate in the Shannon area. In Shannon, 28.84% of households rent, and 31.36% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Shannon is $6,719 per month. Households that rent pay about 14.87% of their income on rent here. Shannon’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Dresden, OH: less expensive homes
- Nashport, OH: higher priced homes
- Trinway, OH: equally priced homes
- Frazeysburg, OH: equally priced homes
- Ellis, OH: higher priced homes
- Wakatomika, OH: equally priced homes
- Perryton, OH: equally priced homes
- Cooperdale, OH: equally priced homes
- West Carlisle, OH: equally priced homes
- Dillon Falls, OH: less expensive homes
Cities with Similar Populations
- Iroquois Point, HI: higher priced homes
- Texola, TX: less expensive homes
- Teter, WV: less expensive homes
- Temple, LA: equally priced homes
- Tecolotito, NM: higher priced homes
- Sun Prairie, MT: higher priced homes
- Stricklett, KY: less expensive homes
- Stiritz, IL: less expensive homes
- Jester, OK: less expensive homes
- Jacobsville, MI: higher priced homes
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