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These days, finding an affordable place to live in the Spurgeon area can be challenging. Home prices in Spurgeon are now at a median cost of $157,274, lower than the Indiana average of $232,932.
The average cost of rent is $952/mo in Spurgeon, primarily driven by the current value of real estate in the Spurgeon area. In Spurgeon, 13.65% of households rent, and 48.77% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Spurgeon is $5,916 per month. Households that rent pay about 16.09% of their income on rent here. Spurgeon’s most expensive areas are in the southern 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
- Lynnville, IN: equally priced homes
- Enos Corner, IN: less expensive homes
- Zoar, IN: higher priced homes
- Somerville, IN: equally priced homes
- Mackey, IN: higher priced homes
- Augusta, IN: higher priced homes
- Oakland City, IN: equally priced homes
- Folsomville, IN: higher priced homes
- Stendal, IN: higher priced homes
- Greenbrier, IN: higher priced homes
Cities with Similar Populations
- Lenape, KS: higher priced homes
- Salsbury Cove, ME: higher priced homes
- Salem, OK: less expensive homes
- Lottsburg, VA: higher priced homes
- Long, OK: less expensive homes
- Little Orleans, MD: higher priced homes
- Lincolnville Center, ME: higher priced homes
- Lincoln, WA: higher priced homes
- Liddell, NC: less expensive homes
- Lewisville, MN: equally priced homes
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