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Affordable
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These days, finding an affordable place to live in the Shipshewana area can be challenging. Home prices in Shipshewana are now at a median cost of $337,567, higher than the Indiana average of $232,932.
The average cost of rent is $857/mo in Shipshewana, primarily driven by the current value of real estate in the Shipshewana area. In Shipshewana, 17.12% of households rent, and 32.92% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Shipshewana is $7,899 per month. Households that rent pay about 10.85% of their income on rent here. Shipshewana’s most expensive areas are in the southwestern 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
- Scott, IN: equally priced homes
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Cities with Similar Populations
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- Glen Rock, PA: equally priced homes
- Winfield, IN: higher priced homes
- Gate City, VA: less expensive homes
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