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These days, finding an affordable place to live in the Talma area can be challenging. Home prices in Talma are now at a median cost of $145,147, lower than the Indiana average of $232,932.
The average cost of rent is $815/mo in Talma, primarily driven by the current value of real estate in the Talma area. In Talma, 13.06% of households rent, and 41.63% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Talma is $5,245 per month. Households that rent pay about 15.54% of their income on rent here. Talma’s most expensive areas are in the northern 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
- Tippecanoe, IN: higher priced homes
- Tiosa, IN: less expensive homes
- Walnut, IN: higher priced homes
- Mentone, IN: equally priced homes
- Sevastopol, IN: higher priced homes
- Athens, IN: higher priced homes
- Rochester, IN: higher priced homes
- Argos, IN: higher priced homes
- Akron, IN: higher priced homes
- Burket, IN: higher priced homes
Cities with Similar Populations
- Tazewell, GA: equally priced homes
- Fairview, KS: less expensive homes
- Fay, OK: higher priced homes
- Fayetteville, IN: higher priced homes
- Fenmore, MI: less expensive homes
- Fenton, MS: higher priced homes
- Fessenden, ND: less expensive homes
- Florence, KS: less expensive homes
- Foley, SD: equally priced homes
- Folsomville, IN: higher priced homes
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