Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Southwest area can be challenging. Home prices in Southwest are now at a median cost of $246,578, higher than the Indiana average of $175,617.
The average cost of rent is $868/mo in Southwest, primarily driven by the current value of real estate in the Southwest area. While nearly 36.13% of residents own their homes outright in Southwest, 19.73% rent.
Housing affordability isn’t just about home prices, though. The average household income in Southwest is $5,634 per month. Households that rent pay about 15.41% of their income on rent here. Southwest's most expensive areas are in the northern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Midway, IN: equally priced homes
- Wakarusa, IN: less expensive homes
- Foraker, IN: higher priced homes
- Dunlap, IN: less expensive homes
- Goshen, IN: less expensive homes
- New Paris, IN: less expensive homes
- Waterford Mills, IN: less expensive homes
- Nappanee, IN: less expensive homes
- Milford Junction, IN: less expensive homes
- Elkhart, IN: less expensive homes
Cities with Similar Populations
- Raymond, IA: less expensive homes
- Montreat, NC: equally priced homes
- Moriah, NY: less expensive homes
- Morley, NY: less expensive homes
- Moscow, MI: less expensive homes
- Moses Lake North, WA: higher priced homes
- New Castle, NH: higher priced homes
- Orchard View, OR: higher priced homes
- Orient, NY: higher priced homes
- Parmelee, SD: less expensive homes
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