Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Velpen area can be challenging. Home prices in Velpen are now at a median cost of $133,977, lower than the Indiana average of $175,617.
The average cost of rent is $838/mo in Velpen, primarily driven by the current value of real estate in the Velpen area. While nearly 54.51% of residents own their homes outright in Velpen, 7.99% rent.
Housing affordability isn’t just about home prices, though. The average household income in Velpen is $4,646 per month. Households that rent pay about 18.05% of their income on rent here. Velpen's most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Duff, IN: higher priced homes
- Whiteoak, IN: less expensive homes
- Augusta, IN: higher priced homes
- Stendal, IN: higher priced homes
- Ireland, IN: higher priced homes
- Winslow, IN: less expensive homes
- Coe, IN: less expensive homes
- Zoar, IN: higher priced homes
- Maltersville, IN: higher priced homes
- Otwell, IN: equally priced homes
Cities with Similar Populations
- McCausland, IA: higher priced homes
- Mill Creek, NC: higher priced homes
- Milan, WI: higher priced homes
- Meyersville, TX: higher priced homes
- Metz, WV: less expensive homes
- Mesa, CO: higher priced homes
- Merriam, IL: less expensive homes
- Merom, IN: higher priced homes
- Melrose, TX: less expensive homes
- McGee, WV: higher priced homes
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