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These days, finding an affordable place to live in the Verne area can be challenging. Home prices in Verne are now at a median cost of $228,568, lower than the Indiana average of $232,932.
The average cost of rent is $1,328/mo in Verne, primarily driven by the current value of real estate in the Verne area. In Verne, 16.36% of households rent, and 32.25% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Verne is $8,379 per month. Households that rent pay about 15.85% of their income on rent here. Verne’s most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Fritchton, IN: less expensive homes
- Vincennes, IN: less expensive homes
- Iona, IN: higher priced homes
- Monroe City, IN: less expensive homes
- Westport, IL: less expensive homes
- Indian Creek Settlement, IN: less expensive homes
- Wheatland, IN: less expensive homes
- Decker, IN: equally priced homes
- Bruceville, IN: less expensive homes
- Bowman, IN: less expensive homes
Cities with Similar Populations
- North Newport, ME: less expensive homes
- New Sweden, ME: less expensive homes
- New Town, NC: less expensive homes
- New Troy, MI: equally priced homes
- New Village, NJ: higher priced homes
- Newdale, ID: higher priced homes
- Noland, AR: less expensive homes
- Nora, VA: less expensive homes
- North Evans, NY: higher priced homes
- New Providence, IA: less expensive homes
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