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These days, finding an affordable place to live in the Urbana area can be challenging. Home prices in Urbana are now at a median cost of $161,673, lower than the Indiana average of $232,932.
The average cost of rent is $863/mo in Urbana, primarily driven by the current value of real estate in the Urbana area. In Urbana, 10.49% of households rent, and 30.58% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Urbana is $7,452 per month. Households that rent pay about 11.57% of their income on rent here. Urbana’s most expensive areas are in the eastern 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
- Servia, IN: equally priced homes
- Lagro, IN: higher priced homes
- North Manchester, IN: equally priced homes
- Bracken, IN: higher priced homes
- Wabash, IN: equally priced homes
- Andrews, IN: equally priced homes
- Laketon, IN: higher priced homes
- Roann, IN: equally priced homes
- Valley Brook, IN: higher priced homes
- Liberty Mills, IN: higher priced homes
Cities with Similar Populations
- Riverside, UT: higher priced homes
- Mechanicstown, OH: higher priced homes
- Melville, LA: less expensive homes
- Menno, SD: less expensive homes
- Meridean, WI: higher priced homes
- Mexico Beach, FL: higher priced homes
- Midland, TN: higher priced homes
- Milford, WI: higher priced homes
- Milton Junction, WI: higher priced homes
- Nicholsville, MI: higher priced homes
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