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Affordable
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These days, finding an affordable place to live in the Valparaiso area can be challenging. Home prices in Valparaiso are now at a median cost of $305,192, higher than the Indiana average of $232,932.
The average cost of rent is $1,319/mo in Valparaiso, primarily driven by the current value of real estate in the Valparaiso area. In Valparaiso, 25.38% of households rent, and 32.08% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Valparaiso is $7,967 per month. Households that rent pay about 16.55% of their income on rent here. Valparaiso’s most expensive areas are in the southwestern 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
- Wheeler, IN: equally priced homes
- Deep River, IN: higher priced homes
- Malden, IN: equally priced homes
- Chesterton, IN: equally priced homes
- Portage, IN: less expensive homes
- Burns Harbor, IN: less expensive homes
- Boone Grove, IN: equally priced homes
- Burdick, IN: higher priced homes
- Porter, IN: less expensive homes
- Westville, IN: less expensive homes
Cities with Similar Populations
- Winter, WI: less expensive homes
- West Liberty, WV: less expensive homes
- Wesley Chapel, FL: higher priced homes
- West Covina, CA: higher priced homes
- Westville, FL: less expensive homes
- Weldon, NC: less expensive homes
- West Enfield, ME: less expensive homes
- West Hopkinton, NH: higher priced homes
- Wesley, TX: higher priced homes
- West College Corner, IN: less expensive homes
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