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Affordable
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These days, finding an affordable place to live in the Tri-Lakes area can be challenging. Home prices in Tri-Lakes are now at a median cost of $333,285, higher than the Indiana average of $232,932.
The average cost of rent is $930/mo in Tri-Lakes, primarily driven by the current value of real estate in the Tri-Lakes area. In Tri-Lakes, 7.72% of households rent, and 29.32% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Tri-Lakes is $8,542 per month. Households that rent pay about 10.89% of their income on rent here. Tri-Lakes’s most expensive areas are in the central regions, while the cheapest areas are in the eastern 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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Cities with Similar Populations
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- Old Albertville, WI: less expensive homes
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