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Affordable
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These days, finding an affordable place to live in the Speed area can be challenging. Home prices in Speed are now at a median cost of $278,193, higher than the Indiana average of $232,932.
The average cost of rent is $1,185/mo in Speed, primarily driven by the current value of real estate in the Speed area. In Speed, 8.70% of households rent, and 18.36% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Speed is $9,380 per month. Households that rent pay about 12.63% of their income on rent here. Speed’s most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Sellersburg, IN: equally priced homes
- Memphis, IN: equally priced homes
- Carwood, IN: less expensive homes
- Charlestown, IN: equally priced homes
- Broom Hill, IN: equally priced homes
- River Ridge, IN: less expensive homes
- Henryville, IN: equally priced homes
- Clarksville, IN: less expensive homes
- Jeffersonville, IN: less expensive homes
- New Albany, IN: less expensive homes
Cities with Similar Populations
- North West Point, GA: less expensive homes
- Nixville, SC: less expensive homes
- Nod, MS: less expensive homes
- Nolan, TX: less expensive homes
- Noone, NH: higher priced homes
- Norman, NE: equally priced homes
- North Bay, WI: higher priced homes
- North Bridgton, ME: equally priced homes
- North Columbia, NY: less expensive homes
- North Freedom, PA: less expensive homes
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