Ballico renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in Ballico is about $1,133 per month. This puts it in the 35th percentile compared to the state average cost of rent, which is $1,958. Households in Ballico have a median income of $5,752 per month so the average renter in Ballico is spending roughly 20% of their earnings on housing.
Nationally, and in Ballico, home values are the data point most closely correlated with the cost of rent. The median price of a home in Ballico is $586,351 right now, which is higher than nearby cities, meaning that rents in Ballico also tend to be higher versus these nearby cities.
Higher rent prices are common in the central parts of Ballico while lower rent rates are often available in northeastern areas.
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