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These days, finding an affordable place to live in the Vera Cruz area can be challenging. Home prices in Vera Cruz are now at a median cost of $281,854, higher than the Indiana average of $232,932.
The average cost of rent is $761/mo in Vera Cruz, primarily driven by the current value of real estate in the Vera Cruz area. In Vera Cruz, 6.46% of households rent, and 40.77% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Vera Cruz is $8,320 per month. Households that rent pay about 9.14% of their income on rent here. Vera Cruz’s most expensive areas are in the eastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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