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These days, finding an affordable place to live in the Winona Lake area can be challenging. Home prices in Winona Lake are now at a median cost of $172,054, lower than the Indiana average of $175,617.
The average cost of rent is $959/mo in Winona Lake, primarily driven by the current value of real estate in the Winona Lake area. While nearly 25.85% of residents own their homes outright in Winona Lake, 29.19% rent.
Housing affordability isn’t just about home prices, though. The average household income in Winona Lake is $5,483 per month. Households that rent pay about 17.49% of their income on rent here. Winona Lake's most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Wooster, IN: equally priced homes
- Warsaw, IN: equally priced homes
- Pierceton, IN: less expensive homes
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- Sidney, IN: less expensive homes
- Clunette, IN: less expensive homes
- Leesburg, IN: higher priced homes
- Palestine, IN: less expensive homes
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- Atwood, IN: less expensive homes
Cities with Similar Populations
- Afton, TN: less expensive homes
- Barron, WI: less expensive homes
- Amite City, LA: less expensive homes
- Amelia Court House, VA: higher priced homes
- Atoka, OK: less expensive homes
- Alturas, CA: equally priced homes
- Allegany, NY: less expensive homes
- Bagdad, FL: higher priced homes
- Alexandria, AL: less expensive homes
- Auburn, PA: higher priced homes
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