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These days, finding an affordable place to live in the Wheeler area can be challenging. Home prices in Wheeler are now at a median cost of $300,424, higher than the Indiana average of $232,932.
The average cost of rent is $1,369/mo in Wheeler, primarily driven by the current value of real estate in the Wheeler area. In Wheeler, 11.62% of households rent, and 44.06% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Wheeler is $8,057 per month. Households that rent pay about 16.99% of their income on rent here. Wheeler’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Deep River, IN: higher priced homes
- Portage, IN: less expensive homes
- Hobart, IN: less expensive homes
- Valparaiso, IN: equally priced homes
- New Chicago, IN: less expensive homes
- Lake Station, IN: less expensive homes
- Burns Harbor, IN: less expensive homes
- Winfield, IN: higher priced homes
- Ogden Dunes, IN: higher priced homes
- Chesterton, IN: equally priced homes
Cities with Similar Populations
- Huguenot, NY: less expensive homes
- Tampico, IL: less expensive homes
- Rudolph, OH: less expensive homes
- McGrady, NC: less expensive homes
- Mayking, KY: less expensive homes
- Lilbourn, MO: less expensive homes
- Leesburg, TX: equally priced homes
- Lake Arthur, NM: less expensive homes
- Lagro, IN: less expensive homes
- Kenesaw, NE: less expensive homes
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