The Most Affordable Neighborhoods in West Edgewood, Indianapolis, IN by Home Value

 

West Edgewood, Indianapolis, IN Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the West Edgewood area can be challenging. Home prices in West Edgewood are now at a median cost of $198,401, lower than the Indianapolis average of $284,242.

The average cost of rent is $1,092/mo in West Edgewood, primarily driven by the current value of real estate in the West Edgewood area. In West Edgewood, 66.81% of households rent, and 31.46% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in West Edgewood is $4,265 per month. Households that rent pay about 25.60% of their income on rent here. West Edgewood’s most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the neighborhood.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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