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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 $208,593, lower than the Indiana average of $232,932.
The average cost of rent is $874/mo in Velpen, primarily driven by the current value of real estate in the Velpen area. In Velpen, 11.50% of households rent, and 49.58% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Velpen is $7,169 per month. Households that rent pay about 12.19% of their income on rent here. Velpen’s most expensive areas are in the northeastern 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
- Duff, IN: higher priced homes
- Whiteoak, IN: less expensive homes
- Augusta, IN: equally priced homes
- Stendal, IN: equally priced homes
- Ireland, IN: higher priced homes
- Winslow, IN: less expensive homes
- Coe, IN: less expensive homes
- Zoar, IN: equally priced homes
- Maltersville, IN: equally priced homes
- Otwell, IN: less expensive homes
Cities with Similar Populations
- McCausland, IA: equally priced homes
- Mill Creek, NC: higher priced homes
- Milan, WI: equally priced homes
- Meyersville, TX: equally priced homes
- Metz, WV: less expensive homes
- Mesa, CO: higher priced homes
- Merriam, IL: less expensive homes
- Merom, IN: less expensive homes
- Melrose, TX: less expensive homes
- McGee, WV: higher priced homes
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