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These days, finding an affordable place to live in the Tipton area can be challenging. Home prices in Tipton are now at a median cost of $198,839, lower than the Indiana average of $232,932.
The average cost of rent is $816/mo in Tipton, primarily driven by the current value of real estate in the Tipton area. In Tipton, 26.30% of households rent, and 40.97% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Tipton is $5,906 per month. Households that rent pay about 13.82% of their income on rent here. Tipton’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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- Normanda, IN: higher priced homes
- Windfall, IN: equally priced homes
- Arcadia, IN: higher priced homes
- Omega, IN: higher priced homes
Cities with Similar Populations
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- Young Harris, GA: higher priced homes
- York, ME: higher priced homes
- Lacy-Lakeview, TX: less expensive homes
- Ladera Heights, CA: higher priced homes
- Yoakum, TX: equally priced homes
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